SAIC Motor Corp on Wednesday reported its 2007 net profit more than doubled from a year earlier on strong sales and capital support from its parent company.
Net profit for the 12 months ended Dec. 31, 2007 was RMB 4.63 billion, compared with RMB 1.36 billion a year earlier. Sales more than quadrupled to RMB 104.38 [...]
Shanghai General Motors sold over 20,000 vehicles last year in markets outside China, according to Shanghai Securities News today.
Shanghai GM exported a sedan model Chevrolet Lova and engines to Ukraine and a MPV model GL8 to the Philippines.
Tags: engine, General-Motors, MPV
Nissan Motor Co. plans to offer Dongfeng pick-up trucks internationally, becoming the first major carmaker to add a Chinese brand to its global sales network.
The Japanese carmaker will also sell Nissan-brand Paladin multipurpose vehicles made by Zhengzhou Nissan Automobile Co. overseas, Guo Zhenfu, the venture’s president, said in an interview in Beijing yesterday.
Tags: Auto, Chery, [...]
Chinese automaker BYD Auto Co. showcased five car models at the Geneva Auto Show Tuesday. Among them, F3DM is the most eye-catching model with its “dual mode” system an integration of the electric and hybrid power train systems.
“We decided to display the F3DM hatchback rather than the larger F6DM sedan because we know that the [...]
Toyota Motor Corp has cut the price of its Chinese-made Prius hybrid car by up to eight percent to help reverse flat sales.
The move will help Toyota strengthen its market position in China’s green car market amid coming challenges from General Motors Corp and Honda, analysts said.
Tags: Auto, General-Motors, Honda, Toyota
Shanghai Automotive Industrial Corporation (SAIC), the Baosteel Group and Donghua signed an agreement in Nanjing yesterday to organize the former Yuejing Motor Group Nanjing Tooling Co, Chinese Business News reported today.
Under the agreement, SAIC, Baosteel each owns a 35 percent stake of the joint venture and Donghua owns a 30 percent stake.
Tags: Auto, Baosteel, General-Motors
