Shen Lu just bought herself a red Mazda 3 as a new year present.
“It looks beautiful and has large space. I bought it to replace my old car, a small Chery QQ,” said the 27-year-old IT practitioner.
“Cars with displacement of 1.6 liters, like the Mazda 3, are cheaper with reduced purchase tax,” she added.
Shen’s Mazda [...]
General Motors Corp said its vehicle sales in China roared to a monthly record last month as government stimulus measures boosted demand for autos.
Sales of the United States car maker, which is reorganizing toward a leaner company after emerging from bankruptcy protection, more than doubled to 181,148 units last month from a year earlier, according [...]
U.S-based Ford Motor Co. began building a new plant in China’s southwest Chongqing city Friday, mainly to produce the next generation Focus car.
Covering about 100 hectares with a total investment of 3.34 billion yuan (490 million U.S. dollars), the plant is being jointly built by the Changan Ford Mazda Automobile Co. Ltd., a joint venture [...]
China’s FAW Group Co may seek a group listing through its Shenzhen-listed FAW Car Co and issue new shares worth tens of billions of yuan.
The nation’s second-biggest auto group has hired UBS Securities Co as its adviser. Major assets would involve stakes in its ventures with Germany-based Volkswagen and Audi, and Japan-based Toyota Motor Corp [...]
The Ford Motor Co announced yesterday that first-half sales in China rose 14 percent from a year earlier thanks to better-than-expected performance of its low-cost Fiesta car.
The United States auto giant sold 197,212 vehicles during the first six months of this year, it said in a statement yesterday. Last week General Motors Corp reported a [...]
Major car makers reported strong growth in China sales in April and analysts said the government stimulus measures are helping the auto industry out of the economic downturn.
“It’s pretty certain that the nation’s economy is showing signs of recovery and the auto industry’s recovery is even brighter,” said Lang Xuehong, director of the automotive division [...]
