BMW: Expand in China to Meet 25% Increase in Demand
Jan 31, 2008
TOKYO, Jan 31, 2008; Chang-Ran Kim writing for Reuters reported that BMW (BMWG.DE: Quote, Profile, Research), the world's biggest premium carmaker, said on Thursday it aimed to boost sales in Asia by a quarter over the next five years and unveiled plans to expand production capacity in China to catch up with demand. Th ... Continue reading
ZAP Signs Second Exclusive Distribution Agreement with Youngman for North American Bus Market
Jan 30, 2008
JINHUA, China and SANTA ROSA, Calif., Jan. 30 -- Youngman Automotive Group, one of China's leading bus manufacturers, has signed a second exclusive distribution agreement with US electric car pioneer ZAP (BULLETIN BOARD: ZAAP) granting the rights to distribute its full line of buses in North America, the two companies ... Continue reading
Guangzhou Auto posts record profits $1.38 B last year
Jan 29, 2008
Guangzhou Auto posts record profits $1.38 B last year http://www.gasgoo.com/autobiz/4622/Guangzhou-Auto-posts-record-profits- 1-38- B-last-year.html Shanghai. January 28 (Gasgoo.com) ¨C Guangzhou Automobile Industry Group posted a record net profit of RMB 10 billion ($1.38 billion) last year, the company announced las ... Continue reading
80% Chinese buyers unwilling to buy small displacement cars, survey finds
Jan 29, 2008
80% Chinese buyers unwilling to buy small displacement cars, survey finds http://www.gasgoo.com/autobiz/4625/80-Chinese-buyers-unwilling-to-buy-s mall- displacement-cars-survey-finds.html Shanghai. January 28 (Gasgoo.com) - A recent survey conducted by Sinotrust found that more than 80% of Chinese car buyers choose to ... Continue reading
Jan 24, 2008
By Jim Koscs AIADA Contributing Editor Is the U.S. market ready for pickup trucks and SUVs from China and India? Two enterprising importers are betting on it. Each one, howevÂer, is taking a different approach, and each touts a unique selling proposition. The worldâs largest market for automobiles seems to show ... Continue reading
Beijing Hyundai to Launch 3 New Models; New Elantra To Be Produced In April
Jan 24, 2008
SHANGHAI - January 24, 2008: Three brand new or redesigned car models will be produced in its newly-finished second plant this year, the company announced yesterday. New Elantra HDC, which was displayed at the Guangzhou Auto Show last November, will be the first model to be produced at the second plant and it will roll ... Continue reading
Shanghai GM to launch first hybrid vehicle in June or July
Jan 23, 2008
Shanghai GM to launch first hybrid vehicle in June or July http://www.gasgoo.com/autobiz/4578/Shanghai-GM-to-launch-first-hybrid-v ehicl e-in-June-or-July.html Shanghai. January 23 (Gasgoo.com) ¨C Shanghai GM will launch its first hybrid vehicle, a LaCROSSE equipped with E-co Hybrid system in June or July of this year ... Continue reading
Jan 16, 2008
Changfeng Motor may seek to open plant in U.S. http://www.gasgoo.com/autobiz/4528/Changfeng-Motor-may-seek-to-open-pla nt-in-U-S.html Shanghai. January 16 (Gasgoo.com) - Changfeng Motor Co said Tuesday it is mulling over a plan to establish a production unit in North America, but will begin to sell Changfeng vehicles i ... Continue reading
Chinese brands cautiously prepare for U.S. market
Jan 15, 2008
DETROIT, Jan 15, 2008; Chang-Ran Kim, writing for Reuters reported that Chinese automakers appeared to take one step closer to entering the coveted U.S. market as a record five companies exhibited at the North American International Auto Show in Detroit this week. "I take the Chinese very, very seriously," Chrysler LLC ... Continue reading
Jan 15, 2008
DETROIT, Michigan, January 15 -- Energy-conscious consumers in China will have a new hybrid option when Chery Automobile launches its new A5 ISG sedan in the latter half of 2008. Combining the advantages of fuel and electric vehicles, the new car is low in emission and fuel-consumption together with high performance. T ... Continue reading
Jan 11, 2008
DETROIT - DETROIT â The Buick Riviera, a stunning concept car designed to showcase Buick's new global design direction, makes its North American debut at the Buick stand during the North American International Auto Show. Unveiled at Chinaâs Auto Shanghai 2007, the gull-wing, front-wheel-drive Riviera concept ... Continue reading
China Auto News: Land Rover sold 6,573 vehicles in Chinese market, up 143% y-o-y
Jan 11, 2008
Land Rover sold 6,573 vehicles in Chinese market, up 143% y-o-y http://www.gasgoo.com/autobiz/4480/Land-Rover-sold-6-573-vehicles-in-Ch inese-market-up-143-y-o-y.html Shanghai. January 11 (Gasgoo.com) ¨C Land Rover, world premium SUV brand, sold 6,573 SUV vehicles in Chinese market last year, up 143 percent from one y ... Continue reading
China Auto News: Lotus RCR launched in Beijing, priced between $17,800-$20,500
Jan 11, 2008
Lotus RCR launched in Beijing, priced between $17,800-20,500 http://www.gasgoo.com/autobiz/4484/Lotus-RCR-launched-in-Beijing-priced -between-17-800-20-500.html Shanghai. January 11 (Gasgoo.com) - Chinese automaker Youngman Automobile Group and United Kingdom automaker Lotus will jointly launch first race car RCR in Be ... Continue reading
China Auto News: China SUV sales in 2007 surged 50 pct on low fuel price
Jan 11, 2008
China SUV sales in 2007 surged 50 pct on low fuel price http://www.gasgoo.com/autobiz/4483/China-SUV-sales-in-2007-surged-50-pc t-on-low-fuel-price.html Shanghai. January 11 (Gasgoo.com) ¨CThe number of sport utility vehicles sold in China rose about 50 percent in 2007, and this growth momentum is to continue in the n ... Continue reading
China Auto News: Cadillac SRX goes on sale in China
Jan 11, 2008
Cadillac SRX goes on sale in China http://www.gasgoo.com/autobiz/4482/Cadillac-SRX-goes-on-sale-in-China.h tml Shanghai. January 11 (Gasgoo.com) - Cadillac SRX SUV was launched in China Wednesday as Shanghai GM is striving to grab a bigger share of China¡¯s luxury vehicle market. The Cadillac SRX, a luxury crossover ... Continue reading
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