Chinese car makers may find it more difficult to achieve their sales target this year after the rise in vehicle exports reversed sharply as the ongoing financial turmoil dented overseas orders, said an industry body yesterday.
Exports of completed cars, which soared rapidly over the past few years, jumped 34.71 percent to 557,500 units in the [...]
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 [...]
Cars made in China are expected to draw spotlight at the 10th Car Show which kicked off in Santiago Thursday, according to an official from a Chinese automobile company in Chile.
Jose Miguel Ruiz, representative of China’s Chery automobile company, said Thursday that Chinese cars would be “stars” at the 10th Car Show.
Tags: Automobile, cars, Chery, [...]
At this time of year, China’s passenger car dealers normally bask in a warm autumn glow, with September and October being the country’s two best months for auto sales.
But, this year is different. The chilling winds of the global credit crisis, inflation and sinking consumer confidence are being felt on dealers’ forecourts across the land.
China’s [...]
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 [...]
