BMW AG yesterday announced that it has begun offering interest-free loans to its customers in China in a bid to help boost sales after weak domestic demand resulted in a drop in year-on-year sales in August for the first time.
Customers buying the BMW 320i and BMW 523i luxury sedans made by its Chinese venture, BMW [...]
Germany-based automaker Opel will introduce its sports utility vehicle (SUV) model Antara to the Chinese market at the end of this month, Opel’s first SUV model that brought into the country, as per industry sources.
The model, which made its introduction in Paris last year, is a four-wheel drive SUV built on the same platform with [...]
Fiat SpA, Italian’s largest automaker, said on Thursday that it is seeking new partners in China to promote sales in the world’s second largest auto market, as sales sharply slowdown due to the Olympics and sliding consumer confidence, according to sources.
The automaker said it is struggling to hit the sales target in the country, which [...]
Great Wall Motor Co Ltd will start exporting another two of its small-engine vehicle models to Russia from next year as it aims to meet growing demand for fuel-efficient compact cars.
Hebei Province-based Great Wall plans to sell 1.3-liter and 1.5-liter Florid and Coolbear compact cars in Russia, according to Zhang Guangxin, who is in charge [...]
At a time when Western international car makers are exploring opportunities in emerging markets, a start-up China auto company, BYD Auto, is adopting a similar strategy to explore overseas markets as domestic demand is softening due to a slow-down in the home economy.
President Wang Chuanfu says BYD’s global strategy is to expand into Europe, the [...]
SAIC Motor Corp, China’s biggest auto maker, said first-half profit fell 28 percent on higher raw material costs and lower-than-expected demand.
Net income rose to 2 billion yuan (US$292 million), or 0.305 yuan a share, from 2.7 billion yuan, or 0.415 yuan a year earlier, the Shanghai-based auto maker said in a statement to the city’s [...]
