SAIC Motor Corp, China’s biggest auto maker, said first-half profit fell 28 percent on higher raw material costs and lower-than-expected demand.
Net income rose to 2 billion yuan (US$292 million), or 0.305 yuan a share, from 2.7 billion yuan, or 0.415 yuan a year earlier, the Shanghai-based auto maker said in a statement to the city’s [...]
Nissan Motor, one of the largest car makers in the world, will begin exporting passenger cars from its China joint venture, according to sources.
A joint venture in south China will export 400 Livina hatchbacks and Bluebird Sylphy sedans to Egypt, which marks Nissan’s first exports of cars made in China, said spokesman of Nissan, adding [...]
U.S.-based PPG Industrial Inc, one of the world’s leading manufacturers of transportation coatings, announced that its new automotive coatings plant in Wuhu city, Anhui Province of China has officially started production.
The Wuhu plant is in line with the company’s international business strategy which targets emerging regions, said PPG chairman and CEO Charles Bunch, adding that [...]
PPG Industries Inc on August 7 opened an auto coatings plant in Wuhu, Anhui province to supply local Chinese carmaker Chery Automobile and it plans further investments across the nation.
The plant, with an initial investment of US$10 million, underscores the world’s second-largest paint and coatings maker’s continuous confidence in China’s economic growth and its car [...]
China’s passenger-car sales rose 6.8 percent in July, the slowest pace in two years, as rising fuel prices damped demand and people delayed purchases ahead of this month’s Beijing Olympics.
Sales of passenger cars, sport utility vehicles and multipurpose vehicles totaled 488,200, the China Association of Automobile Manufacturers said in an e-mailed statement today. In the [...]
Buick Enclave SUV, unveiled at the 2008 Beijing auto show in April, has been approved for import to China. The luxury model will be equipped with Buick Park Avenue’s 3.6-liter V-6 engine and a 6-speed manual/automatic transmission, according to cheshi.com.
Having passed the marathon road test and gained import approval from the industry regulator in China, [...]
