BAIC passenger car annual sales to be 900,000 in 2015

Beijing Automotive Industry Holding Co., Ltd  (BAIC ) has set a new annual sales target for passenger cars in 2015, of 900,000 units from the previously 700,000.

SAIC aims for sales to climb 12%

SAIC Motor Corp is confident it will sell 4 million units this year, or an annual rise of 11.7 percent, despite market concerns the industry may drive into a glut following the expiry of incentives to boost car sales.

China's BYD sees up to 15 pct auto sales growth in 2011

BYD Co Ltd , a Chinese carmaker backed by US billionaire investor Warren Buffett, expects its auto sales to rise up to 15 percent in 2011, in line with the market.

BMW profit soars

The world's leading luxury carmaker, BMW, reported record profits and sales for 2010 Thursday and said it expected more of the same this year.

Auto sector predicted to keep stable growth in 2011

In 2011, the volume of China's auto industry has become the biggest in the world. Against this background, the focus of relevant government policies is shifting from supporting volume development to improving industrial standard. This poses new and higher requirements for automobile companies.

GM reports 4.7 bln dollars net profit in 2010

US auto giant General Motors Co. (GM) Thursday reported $4.7 billion of net profit for the whole year of 2010, its first annual profit since 2004, indicating a remarkable turnaround from bankruptcy two years ago.

China' auto market poised for steady growth in 2011

J.D. Power sees world auto market up 6%

Global auto sales will increase 6 percent in 2011 to a record 76.5 million new light vehicles, J.D. Power and Associates said Tuesday.

Soueast Motor aims to sell 150,000 units in 2011

South East (Fujian) Motor Co., Ltd. (Soueast) has set its sales target to 150,000 units for 2011, according to the Beijing Business Today on Tuesday.

Beijing's auto market to shrink 60 bln yuan in 2011: official

Sales revenue of Beijing's auto market in 2011 might shrink by 60 billion yuan ($9.1 billion) due to the city limiting the number of cars purchased each month, a commerce official said Saturday.

Renault aims to sell 3 million cars by 2013

The French automaker Renault, eager to improve its profitability, announced Thursday it has set a target of selling 3 million cars by 2013.

Jiangsu's 2010 production and sales figures top 1m

PSA Peugeot Citroen reports return to profits in 2010

French automaker PSA Peugeot Citroen announced Wednesday a return to profits in 2010 after being heavily impacted by the global economic crisis.

Sweden's Volvo Group reports increase in sales, operating income

Volvo Group significantly increased sales and operating income in 2010, the Swedish truck giant announced February 4.