China’s major mini-vehicle maker SAIC-GM-Wuling Auto Co. Ltd. has completed construction of its West Plant’s second-phase project, and the venture’s Liuzhou and Qingdao facilities are expected to have a combined annual capacity of 900,000 vehicles, said xinhuanet.com today.
Meanwhile, SAIC-GM-Wuling will speed up its entry into the passenger vehicle market, with two new sedan models scheduled [...]
PSA Peugeot Citroën will cut production by at least 20 per cent, it announced on Friday, as it scrapped its profitability targets in response to sharply slower vehicle sales.
Europe’s second-largest carmaker said it was planning “massive” production cuts and would lose money in the second half of the year. It is planning to eliminate shifts [...]
General Motors Corp (GM), the largest overseas carmaker in China, announced its auto sales in China amounted to 159,000 units from August to September this year, down 2.3% over the same period of last year, according to sources.
In the statement, the automaker didn’t provide any comparative figures.
Although a slight slowdown was recorded in its auto [...]
United States auto makers Chrysler LLC and General Motors Corp are pushing for a quick merger deal ahead of the US presidential election as sales continue to plummet and they cannot gain access to credit, a Detroit newspaper reported on Saturday.
According to The Detroit News, senior executives at GM and private equity group Cerberus Capital [...]
China’s auto industry, the world’s most competitive, will likely consolidate from next year as slowing demand and rising material costs crimp margins, an official from the National Development and Reform Commission (NDRC) said.
“Some weak brands and less competitive players will start to be pushed out next year,” Cheng Xiaodong, head of the vehicle-price monitoring arm [...]
China’s auto industry, the world’s most competitive, will likely consolidate from next year as slowing demand and rising materials costs crimp margins, an official in the country’s top planning agency said.
“Some weak brands and less competitive players will start to be pushed out next year,” Cheng Xiaodong, head of the vehicle-price monitoring arm of the [...]
