Dongfeng Yueda Kia Automobile Company recently confirmed that Park Chong Ok, taking place of the retired Koh Ok Suk, will assume Korean general manager of the joint venture, said West China City Daily today.
Park Chong Ok, with 33 years of experience in auto industry, has worked in Hyundai’s Korean sales department since he joined the [...]
China’s auto industry, the world’s most competitive, will likely consolidate from next year as slowing demand and rising material costs crimp margins, an official from the National Development and Reform Commission (NDRC) said.
“Some weak brands and less competitive players will start to be pushed out next year,” Cheng Xiaodong, head of the vehicle-price monitoring arm [...]
China’s auto industry, the world’s most competitive, will likely consolidate from next year as slowing demand and rising materials costs crimp margins, an official in the country’s top planning agency said.
“Some weak brands and less competitive players will start to be pushed out next year,” Cheng Xiaodong, head of the vehicle-price monitoring arm of the [...]
The auto industry cannot avoid being affected by the global financial crisis. After the collapse of a slew of financial institutions, job cuts and production stoppages have become a major theme for western car makers over the past few weeks.
Tags: Auto, auto-parts, automaker, car-maker, Chrysler, Ford, General-Motors, vehicle
Bosch Group, which is slowing business expectations for this year because of negative currency effects and the economic slowdown, said yesterday it would continue to increase its business and investment in China.
The German auto parts manufacturer said it remained confident in the sustained growth of the world’s second largest auto market even though global financial [...]
Chinese automakers Chery Automobile Co and SAIC Motor said on Monday they have not had talks about possible access to Chrysler’s U.S. dealership network with Cerberus Capital Management LP, majority owner of the troubled U.S. car maker.
While exploring opportunities to merge Chrysler’s loss-making operations with General Motors Corp, Cerberus also had talks with a number [...]
