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SAIC-GM-Wuling Automobile recalls 22,457 cars
Source: Xinhua Published: June/13/2011 09:25 Comment
China's quality watchdog said Friday that SAIC-GM-Wuling Automobile Co began on Wednesday to recall 22,457 vehicles in China to fix problems that could pose safety risks.
More than 200 new cars to show at Beijing import auto expo
Source: Xinhua Published: June/13/2011 09:22 Comment
More than 200 new vehicles will be displayed at 2011 Beijing import auto expo which is scheduled to be held from Oct. 31 to Nov. 6, organizer has said.
Profit slides but Toyota upbeat
Source: Shanghai Daily Published: June/13/2011 09:13 Comment
Toyota Friday forecast its annual profit to dive 31 percent, hammered by production disruptions from parts shortages, but its outlook projects a robust recovery from the earthquake and tsunami in coming months.
Hankook recalls faulty tires after manufacturing problems exposed
Source: Global Times Published: June/13/2011 09:04 Comment
Seoul-based Hankook Tire Group is recalling 246 faulty tires over safety hazards discovered by China's quality watchdogs Friday, its China partner confirmed Sunday.
Navistar plans to expand into China through partnership with JAC
Source: Xinhua Published: June/10/2011 09:50 Comment
Navistar International Corp., a US-based manufacturer of commercial vehicles, motor coaches and diesel engines, said on Thursday it would strengthen cooperation with its Chinese counterpart to expand into the world's biggest auto market.
BYD drives to list on Shenzhen Bourse
Source: Shanghai Daily Published: June/10/2011 09:45 Comment
China's battery and car maker BYD Co yesterday posted its initial public offering prospectus as it moves ahead with its yuan-backed A-share listing on the Shenzhen Stock Exchange later this year.
China's auto sales, output decline for 2nd month in May
Source: Xinhua Published: June/10/2011 09:40 Comment
China's auto sales and output continued to trend downward for a second month in May, the China Association of Automobile Manufacturers (CAAM) said Thursday.
GM intends to buy back 1% stake
Source: Agencies Published: June/09/2011 09:34 Comment
General Motors Co, the biggest overseas auto maker in China, said it intends to exercise an option to buy back a 1 percent stake in its main car venture in the country to make it an equally held unit with its partner.
Chongqing motorcycle exports up 11%
Source: Xinhua Published: June/09/2011 09:28 Comment
Southwest China's Chongqing Municipality exported 1.28 million motorcycles in the first four months of this year, an increase of 10.9 percent over the year-earlier level, according to the local customs house.
China annnounces cash-for-vehicles program
Source: Xinhua Published: June/09/2011 09:25 Comment
Chinese ministries announced Wednesday the details of the country's new cash-for-vehicles program, which will allow automobile owners to receive up to 18,000 yuan ($2,769) for scrapping their unused vehicles this year.
Chinese firms show up in large-scale at Dubai's auto trade fair
Source: Xinhua Published: June/08/2011 09:36 Comment
The smell of auto tires engulfed the Dubai World Trade Center on Tuesday, when the 9th Automechanika Middle East trade show opened its doors, with more than 100 Chinese firms participating in the three-day exhibition.
Foreign auto makers see mixed sales trends
Source: Shanghai Daily Published: June/08/2011 09:31 Comment
Foreign auto makers are seeing mixed sales trends in China as the world's biggest market for new vehicles cools after years of torrid growth.
Ford targets 50 percent sales growth by mid-decade
Source: Xinhua Published: June/08/2011 09:28 Comment
Ford executives said Tuesday that the company's global annual sales will jump by 50 percent by 2015, to 8 million vehicles on a rapid expansion in Asia and Africa as well as increased sales of small cars.
Geely to issue bond
Source: Global Times Published: June/08/2011 09:21 Comment
Zhejiang Geely Holding Group, the owner of Volvo Car, plans to issue 1 billion yuan ($154 million) in a seven-year corporate bond, sources said Tuesday.
Toyota set to resume full output
Source: Shanghai Daily Published: June/07/2011 08:19 Comment
The president of Toyota Motors said on Saturday he expects the auto maker to resume full production globally in November and its Japanese output is expected this month to recover to 90 percent of levels seen before a March earthquake.