Chrysler said it has no plans to quit its Chinese venture with Daimler AG, the Beijing Benz Daimler Chrysler Automotive Co Ltd, as it looks to speed up its development in the world’s second largest car market and catch up with rivals.
“The BBDC remains exactly as it was before the separation of Chrysler and Daimler,” said [...]
Automobile industry executives at Beijing’s bi-annual auto show forecast another boom year in China in 2008, with sales in the world’s No. 2 car market rising and production ramping up to take advantage of lower costs.
Global automakers such as Volkswagen AG, General Motors Corp. and Ford Motor Co. are increasingly relying on emerging markets such [...]
Toyota Motor Corp. (7203.TO) is keeping its sales target of 700,000 vehicles in China in 2008, even as the economy of the world’s second biggest car market after the U.S. slows, Managing Officer Yuzo Ushiyama said Sunday.
The target set by the Japanese car maker, which is racing to beat General Motors Corp. (GM) to the [...]
Toyota Motor Corp, the fastest growing overseas car maker in China, is considering building a new plant in the country to keep up with rising sales in the world’s second-largest auto market.
“We are facing a capacity shortage,” Shoju Nozaki, senior vice president of Toyota Motor (China) Investment Co, said in an interview with Bloomberg News [...]
Foreign auto makers will display a large number of new models at the Beijing auto show next week, hoping the booming market in China will offset sales slumps elsewhere in the world.
Big global names saw their sales growth far outpace the industry average in China, where passenger car sales rose 20 percent to 1.85 million [...]
Chinese demand for autos in the first quarter of 2008 showed resilience, with sales up sharply for big auto makers despite the country’s slumping stock market and rising inflation.
About 2.58 million vehicles were sold in China from January through March, up 21% from a year earlier, according to data from the China Association of Automobile [...]
