The China Aviation Industry Group Corporation (AVIC), formed following a government-ordered merger between AVIC I and AVIC II one week ago, will develop its two subsidiary automobile companies separately, the Economic Observer reported Monday in Beijing.
“The Harbin Hafei Automobile Industry Group and Jiangxi Changhe Automobile Co will focus on their own auto operations independently, without [...]
Chery Automobile Co Ltd said yesterday it was planning to cut its labor force in response to the slumping automotive industry.
The nation’s fourth biggest car maker became the latest car manufacturer to reduce jobs and suspend production after the world’s second largest auto market also fell victim to the global financial crisis that has caused [...]
Italian carmaker Fiat has lowered its ambitious annual sales target by 2010 in China to 50,000 units from 300,000 set three years ago, down by 83%, Beijing Times said today, citing Fiat China.
“Fiat’s target to sell 300,000 cars a year in China by 2010 is now unreachable because of the global financial crisis, “Fiat Group [...]
Taiwanese automotive company Yulon Motor Co is set to launch its first 7-seater MPV, marketed under the Luxgen brand sometime in mid-2009. The new Luxgen MPV will be using the previous generation Renault Espace’s platform, with Luxgen’s own styling and a choice of two engines - a 2.0 liter normally aspirated motor producing 145hp and [...]
China’s second largest car manufacturer will start exporting its line of low-priced consumer vehicles to the Philippines in five months but can start as early as Valentine’s Day, Malacañang said Thursday.
A Palace statement said Dongfeng Motor Corp. deputy general manager Tong Dong Chen made the pledge at a call on President Gloria Macapagal Arroyo at [...]
Daimler AG is considering introducing more luxury small engine vehicles into China next year to meet increasing demand.
The world’s second largest luxury car maker plans to importing the Mercedes Benz Smart Fortwo compact into China from next April.
The Smart will sell within a 160,000 yuan to 200,000 yuan (US$23,500-US$29,400) range per unit.
Tags: car-maker, engine, imports, [...]
