Dongfeng Motor Corp, China’s third-largest automaker, almost doubled its profit last year as China became the largest vehicle market in the world and domestic sales boomed.
Tags: China Auto, Dongfeng, General-Motors
Official figures Monday confirmed China had overtaken the United States to become the world’s top auto maker and market in 2009 boosted by government stimulus measures.
The China Association of Automobile Manufacturers (CAAM) announced annual sales rose 46.15 percent year on year to 13.64 million units . Output increased 48.3 percent to 13.79 million units.
Passenger car [...]
German auto icon has held China’s top spot for more than two decades
German auto giant Volkswagen AG posted a 36.7 percent surge in 2009 China sales to maintain the top position it has held for more than 20 consecutive years.
Tags: automaker, car-maker, China Auto, FAW, General-Motors, SAIC, Volkswagen
SAIC Motor Corp, China’s largest automaker by sales, said yesterday it expects a more than nine-fold rise in 2009 net profit on the back of a remarkable sales jump.
In a filing with the Shanghai Stock Exchange, Shanghai-based SAIC said its vehicle sales increased 57 percent to 2.72 million units last year, and it produced 2.76 [...]
General Motors’s China vehicle sales in 2009 jumped 66.9 percent from a year earlier, the company said on Monday.
General Motors and its joint ventures sold 1.83 million vehicles in the country last year and expanded its market share to an estimated 13.4 percent, up from 12.1 percent at the end of 2008, it said in [...]
Competition in China’s rural auto market is fierce and manufacturers know they must build bridges to keep customers — a task one firm is taking seriously.
To enhance its brand image, Jiangling, a major producer of commercial vehicles, invested 1 million yuan in building more than20 small bridges to benefit rural motorists this year.
On Dec. 5, [...]
