China, where auto plants are running at about 70 percent of their potential, said yesterday that vehicle export growth slowed in the first half, stoking concerns about excess capacity in the world’s second-largest car market.
Exports rose 59 percent to 388,000 vehicles after almost doubling a year earlier, Fu Peizhao, an official at the China Chamber [...]
China, where auto plants are running at about 70 percent of their potential, said vehicle export growth slowed in the first half, stoking concerns about excess capacity in the world’s second-largest car market.
Exports rose 59 percent to 388,000 vehicles after almost doubling a year earlier, Fu Peizhao, deputy secretary general of Department II for the [...]
Shanghai GM, a joint venture between General Motors and Shanghai Automotive Industry Corporation (SAIC), has halted production of Buick Regal because of sluggish sales.
Sales figure from China Passenger Car Association shows that only 3,791 Buick Regal cars were sold in the first half, down 55 percent from the same period last year. For the month [...]
Daimler AG, the world’s biggest truck maker, and Beiqi Foton Motor Co will sign a preliminary agreement to form a commercial-vehicle venture in China within two weeks as the country’s trade growth spurs truck demand.
The venture, based in Beijing, will make Mercedes-Benz trucks, Foton vehicles and Mercedes-Benz engines, a Foton official said yesterday. The deal [...]
General Motors Corp, the world’s biggest car maker, announced a milestone yesterday when its SAIC-GM-Wuling joint venture began exporting the Chevrolet N200 minivan from China to Peru.
This marks the first export of mini-commercial vehicles by GM from China to Latin America, GM China said in a statement yesterday.
Tags: Auto, General-Motors, GM, SAIC
Chrysler LLC, the third largest car maker in the U.S., has signed a Memorandum of Understanding (MOU) with China’s Great Wall Motor Company for establishing a long-term strategic business relationship, said industry sources.
According to the MoU, the two parties will share a distribution network and initiate cooperation on spare parts and technological capabilities. The MoU [...]
