Sizzling commercial vehicle sales and cost-reduction measures have fueled first-half profit at Dongfeng Motor Group by 27 percent, despite an overall slowdown in China’s motor sales.
Earnings attributable to ordinary equity holders of the parent climbed to 2.47 billion yuan (US$363 million), or 0.29 yuan a share, from 1.95 billion yuan, or 0.23 yuan a share, [...]
FAW Car Corp, the partner of Japan’s Mazda Motor Corp, on Friday announced it would invest 293 million yuan (US$43.2 million) to locally produce Mazda multi-purpose vehicles (MPV) to complete its product portfolio.
The listed unit of China’s second-biggest car maker, FAW Group Corp, plans to make 20,000 Mazda-branded MPVs starting from next year after pouring [...]
FAW Car Corp, the partner of Japan’s Mazda Motor Corp, yesterday announced it would invest 293 million yuan (US$43.2 million) to locally produce Mazda multi-purpose vehicles to complete its product portfolio.
The listed unit of China’s second-biggest car maker, FAW Group Corp, plans to make 20,000 Mazda-branded MPVs starting from next year after pouring money into [...]
Italian car maker Fiat SpA is spending 1.8 billion yuan (US$265 million) to build an engine plant in China’s Chongqing Municipality, hoping to rev up its slow development in the world’s second-largest auto market.
A statement from the Chongqing Development and Reform Commission on its Website said the engine plant will produce 100,000 units of light [...]
Nissan Motor, one of the largest car makers in the world, will begin exporting passenger cars from its China joint venture, according to sources.
A joint venture in south China will export 400 Livina hatchbacks and Bluebird Sylphy sedans to Egypt, which marks Nissan’s first exports of cars made in China, said spokesman of Nissan, adding [...]
Ghanaians within the lower income bracket will soon begin enjoying quality first-hand Chinese cars at affordable prices.
This is in spite of the influx on the Ghanaian automobile market of second-hand imported cars, which recorded 25,000 last year.
Terence Darko, Managing Director of Mechanical Lloyd Company (MLC) Limited, who disclosed this in Accra recently when the company [...]
