Long-wheelbase E-Class, 1.6-liter C180 produced to meet local market conditions
German carmaker Daimler AG’s joint venture with Beijing Automotive Industry Holding Corp plans to more than double sales of Mercedes-Benz cars this year from 2009 by offering two major new models.
Mark Si, executive vice-president for sales and marketing at Beijing Benz-DaimlerChrysler Automotive Co Ltd, told China [...]
Italy’s largest carmaker, Fiat Automobiles SpA, and Chinese auto producer Guangzhou Automobile Group Co Ltd (GAC) are forming a 50-50 joint venture to produce cars and engines starting in the second half of 2011.
The agreement was signed in Rome Monday during President Hu Jintao’s visit to Italy and came as China overtook the US as [...]
Geely Automobile Holdings has agreed to buy the bankrupt Australia auto parts supplier Drivetrain System International, becoming the first Chinese auto maker to make an overseas acquisition during the financial crisis.
Zhejiang Province-based Geely yesterday said the purchase would allow it to improve production and engineering capabilities for its own automatic transmissions.
Tags: Automobile, Chery, China Auto, [...]
Fiat Group, the Italian auto maker, said yesterday that it won’t assume Chrysler LLC debt — current or future — in a deal for 35 percent of Chrysler, contradicting earlier statements from Chrysler’s chief executive.
The statement said Fiat “intends to make absolutely clear that the proposed alliance will not entail the assumption of any current [...]
The impact of the global financial crisis on the auto industry has been growing since the second half of last year.
China stepped up a series of efforts to defy the economic downturn and spur domestic consumption, sending positive signals to the industry.
Fuel tax reform is the latest government effort to direct the automotive industry toward [...]
Chrysler LLC will close its global manufacturing plants for one month from Dec.19 in response to the financial crisis, Chrysler said in an announcement released today.
The No.3 US automaker emphasized that its Chinese business would not be affected and will introduce three news models to China next year, said Beijing Cankao News today.
Tags: China Auto, [...]
