After 8.6 million Chinese bought their first cars last year, General Motors Co, Volkswagen AG and Ford Motor Co are positioning themselves to compete for return customers.
The number of car models in China’s showrooms quadrupled in the past six years, forcing companies to fight for attention by unveiling vehicles at the Imperial Ancestral Temple in [...]
SAIC Motors, China’s largest carmaker, said its vehicle sales rose 45 percent in February as Beijing’s policy incentives continued to drive buyers into showrooms in the world’s largest auto market.
Chinese automakers’ vehicle sales in the first two months of the year are skewed by the timing of the Lunar New Year, which came in January [...]
Major C2C sellers may have to acquire business license, pay taxes
While online shopping has become increasingly popular among the Chinese, the government is mulling further regulations for online stores.
The State Administration for Industry and Commerce (SAIC) is expected to publish new regulations on C2C (consumer-to-consumer) online trading next month, media has reported.
The reports said major [...]
SAIC Motor, the listed arm of China’s auto giant Shanghai Automotive Industry Corporation (SAIC), said Saturday its car sales totaled 307,384 units in January, up 89.8 percent from a year earlier.
January’s output stood at 296,685 units, up 90.2 percent year-on-year, said the automaker in a statement filed to the Shanghai Stock Exchange website.
Its subsidiary Iveco [...]
China FAW Group Corp has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, FAW Group’s deputy general manager, told the 2010 purchase convention that the nation’s No 2 carmaker also targets a sales revenue of 290 billion [...]
China Faw Group Corp. has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, Faw Group’s deputy general manager, told the 2010 purchase convention that the nation’s No. 2 carmaker also targets a sales revenue of 290 billion [...]
