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Geely recalls 2,175 units of Yuanjing
Source: Global Times Published: March/15/2011 17:11 CommentGeely started recalling 2,175 units of 1.8L Yuanjing JL7180 made between December 25, 2008 to February 14, 2009, because the oil impregnation in the fuel tube of the power steering gear resulted in a decrease of power-assisted steering.
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Profit slides but Toyota upbeat
Source: Shanghai Daily Published: June/13/2011 09:40 CommentToyota 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.
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More than 200 new cars to show at Beijing import auto expo
Source: Xinhua Published: June/13/2011 09:38 CommentMore 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.
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SAIC-GM-Wuling Automobile recalls 22,457 cars
Source: Xinhua Published: June/13/2011 09:37 CommentChina'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.
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China's auto sales, output decline for 2nd month in May
Source: Xinhua Published: June/10/2011 10:04 CommentChina's auto sales and output continued to trend downward for a second month in May, the China Association of Automobile Manufacturers (CAAM) said Thursday.
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Navistar plans to expand into China through partnership with JAC
Source: Xinhua Published: June/10/2011 10:01 CommentNavistar 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.
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China annnounces cash-for-vehicles program
Source: Xinhua Published: June/09/2011 09:44 CommentChinese 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.
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Chongqing motorcycle exports up 11%
Source: Xinhua Published: June/09/2011 09:43 CommentSouthwest 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.
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GM intends to buy back 1% stake
Source: Agencies Published: June/09/2011 09:43 CommentGeneral 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.
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Foreign auto makers see mixed sales trends
Source: Shanghai Daily Published: June/08/2011 09:47 CommentForeign auto makers are seeing mixed sales trends in China as the world's biggest market for new vehicles cools after years of torrid growth.
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Geely to issue bond
Source: Global Times Published: June/08/2011 09:45 CommentZhejiang 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.
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Ford targets 50 percent sales growth by mid-decade
Source: Xinhua Published: June/08/2011 09:45 CommentFord 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.
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Toyota set to resume full output
Source: Shanghai Daily Published: June/07/2011 08:36 CommentThe 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.
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Toyota China sales down
Source: Global Times Published: June/03/2011 09:38 CommentToyota Motor said Thursday that it sold 38,500 cars in China during May, 35 percent less than a year ago, as a result of the car parts shortage caused by Japan's devastating earthquake and tsunami in March.
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US vehicle sales weaker than expected in May
Source: Xinhua Published: June/02/2011 08:56 CommentBoth General Motors Co. and Ford Motor Co. on Tuesday reported decline in their May car sales in the United States. But Japanese carmakers suffered the biggest contraction in car sales.