Gas-guzzling imported luxury cars with heavy emissions are to face a possible car consumption tax rise in China, industry insiders predict.
The State Council, China’s Cabinet, held an executive meeting on Wednesday noting the significance of energy savings and made a special call on the country’s auto industry to cut back on gas consumption.
Tags: Auto, Chrysler, [...]
Daimler AG, the world’s biggest truck maker, and Beiqi Foton Motor Co will sign a preliminary agreement to form a commercial-vehicle venture in China within two weeks as the country’s trade growth spurs truck demand.
The venture, based in Beijing, will make Mercedes-Benz trucks, Foton vehicles and Mercedes-Benz engines, a Foton official said yesterday. The deal [...]
Gas-guzzling imported luxury cars with heavy emissions are to face a possible car consumption tax rise in China, industry insiders predict.
The State Council, China’s Cabinet, held an executive meeting on Wednesday noting the significance of energy savings and made a special call on the country’s auto industry to cut back on gas consumption.
Tags: Auto, cars, [...]
Chery Automobile Co Ltd has denied accusations by its former partner Visionary Vehicles LLC that it has reneged on contracts.
“We have not received any information regarding the entrepreneur Bricklin and his Visionary Vehicle LLC from the Detroit Federal Court,” Jin Yibo, the deputy general manager of Chery Automobile Sales Co Ltd, said yesterday.
Tags: car-maker, Chery, [...]
Guangdong Hongtu Tech. (Holdings) Co., Ltd. , a Chinese manufacturer of precision aluminium alloy die casting parts, announced last week that it has recently signed a contract with a Canada-based company, Vikeda Industries Inc., to supply auto engine brackets for Chrysler LLC, an American auto-maker, reported Shanghai Securities News today.
The contract is valued at a [...]
Chrysler LLC, the third largest car maker in the U.S., has signed a Memorandum of Understanding (MOU) with China’s Great Wall Motor Company for establishing a long-term strategic business relationship, said industry sources.
According to the MoU, the two parties will share a distribution network and initiate cooperation on spare parts and technological capabilities. The MoU [...]
