First Automobile Works (FAW) Group of China is taking forward its tentative plan of investing in an automotive venture in (India’s) West Bengal and has checked out three sites, including Singur. The other two locations were Haldia and Kharagpur.
“These were preliminary visits and they will now conduct their technical studies,” J. K. Saraf, Chairman of [...]
Marxist West Bengal is now looking to Communist China to salvage the damage it suffered because of the pullout of Tata Motors from Singur.
The state Government will show the abandoned site of the Tata Motors¡¯ Nano project of Singur to First Automobile Works (FAW), a major automobile manufacturing company of China which has agreed to [...]
Inventories of unsold new vehicles made by 65 major automakers in China hit a four-year high to 395,647 units for the month of August, the latest data from China Automobile Dealers Association (CADA) showed, according to Stockstar report on Monday.
Of all the vehicles stocked, 255,904 units were sedans, accounting for 64.48% of the total. The [...]
Up to October 30, at least 17 of China’s 22 automakers had released their profit report for the third quarter this year. From July to September, the 17 Chinese carmakers’ auto sales revenues totaled 47.385 billion yuan ($6.93 billion), down by 2.9 percentage points from one year earlier, and their net profits stood at 747 [...]
FAW Car 000800.SZ, a unit of Chinese automaker FAW Group Corp, said on Monday it planned to invest 2.36 billion yuan ($345 million) to bolster its internally developed car brands.
The investment will add 200,000 units of annual capacity for its own-brand cars by 2012, it said in a statement.
Annual capacity for its own-brand cars is [...]
FAW Group sold 116,000 motor vehicles in September this year, 1,287 units more than planned and up 10 percent month on month.
FAW-Volkswagen sold 39,361 motor vehicles in September, and a total of 382,845 units in the first nine months, up 10.8 percent year on year, ranking first among Chinese automakers.
Tags: car, FAW, Mazda
