News By Topic: China Auto News

VW, Toyota Eye 25% Of China '09 PV Market

Mar 24, 2009

VW, Toyota eye 25% of China '09 PV market http://www.gasgoo.com/auto-news/1009738/VW-Toyota-eye-25-of-China-09-PV -mark et.html Shanghai, March 24 (Gasgoo.com) Volkswagen Group and Toyota Motor Corp together plan to sell 1.7 million passenger vehicles in China in 2009, accounting for one fourth of the 6.5 million passe ... Continue reading

Chery Intends To Build Up Partnership With JAC

Mar 23, 2009

Chery intends to build up partnership with JAC http://www.gasgoo.com/auto-news/1009732/Chery-intends-to-build-up-partn ershi p-with-JAC.html Shanghai, March 23 (Gasgoo.com) The restructuring and revitalization plan of automotive industry has been officially released recently. In addition to the rural subsidy policy, fu ... Continue reading

Beijing Auto Set To Launch Passenger Car Division

Mar 23, 2009

Beijing Auto set to launch passenger car division http://www.gasgoo.com/auto-news/1009730/Beijing-Auto-set-to-launch-pass enger -car-division.html Shanghai, March 23 (Gasgoo.com) Beijing Auto is set to launch its passenger car division soon, with staff now moving in from the Beijing-based car company and joint ventures ... Continue reading

Geely To Build First High-end Dihao Cars In Aug

Mar 23, 2009

Geely to build first high-end Dihao cars in Aug http://www.gasgoo.com/auto-news/1009728/Geely-to-build-first-high-end-D ihao- cars-in-Aug.html Shanghai, March 23 (Gasgoo.com) Geely Auto said it will roll out its first mid- and high-grade cars by June, China Business News reported, citing sources. FE-1 and FE-2, the two ... Continue reading

China's Chery and Italy's Fiat Postpone Venture

Mar 19, 2009

WUHU, CHINA, March 19, 2009; Fang Yan writing for Reuters reported that China's Chery Automobile Co has delayed a car joint venture project with Italy's Fiat SpA (FIA.MI) because of changing market conditions, its chairman said on Thursday. "Foreign automakers are affected by the financial crisis and any additional inv ... Continue reading

China Outperforms U.S. Again In Feb Auto Sales

Mar 16, 2009

China outperforms U.S. again in Feb auto sales http://www.gasgoo.com/auto-news/1009655/China-outperforms-U-S-again-in- Feb-a uto-sales.html Shanghai, March 16 (Gasgoo.com) After overtaking the United States in January auto sales for the first time, China extended its lead as the world's largest auto market in the secon ... Continue reading

Geely Production In Russia Halted By Higher Tax

Mar 16, 2009

Geely production in Russia halted by higher tax http://www.gasgoo.com/auto-news/1009658/Geely-production-in-Russia-halt ed-by -higher-tax.html Shanghai, March 16 (Gasgoo.com) Production of Geely vehicles at Ural Automobiles and Motors in Russia has been suspended for at least 9 months due to the introduction of new imp ... Continue reading

Bank Of China To Pull Plug On DPCA Finance Firm

Mar 16, 2009

Bank of China to pull plug on DPCA finance firm http://www.gasgoo.com/auto-news/1009659/Bank-of-China-to-pull-plug-on-D PCA-f inance-firm.html Shanghai, March 16 (Gasgoo.com) Bank of China plans to pull plug on Dongfeng Peugeot Citroen Auto Finance Co Ltd and to disinvest from the financing venture, an insider told Aut ... Continue reading

China Carmakers Look To Joint Purchase Of Steel

Mar 13, 2009

China carmakers look to joint purchase of steel http://www.gasgoo.com/auto-news/1009640/China-carmakers-look-to-joint-p urcha se-of-steel.html Shanghai, March 13 (Gasgoo.com) Five Chinese automakers are planning to start joint procurement of steel materials and tires in an effort to cut their purchasing costs, Chinese ... Continue reading

AVIC To Set Up EV Manufacturing Base In Henan

Mar 13, 2009

AVIC to set up EV manufacturing base in Henan http://www.gasgoo.com/auto-news/1009638/AVIC-to-set-up-EV-manufacturing -base -in-Henan.html Shanghai, March 13 (Gasgoo.com) Central China's Henan province yesterday signed a framework pact for strategic cooperation with the Aviation Industry Corp of China (AVIC), the count ... Continue reading

Gov't Urged To Allow Automaker's Overseas M&A

Mar 13, 2009

Gov't urged to allow automaker's overseas M&A http://www.gasgoo.com/auto-news/1009636/Gov-t-urged-to-allow-automaker- s-ove rseas-M-A.html Shanghai, March 13 (Gasgoo.com) Guangzhou Auto general manager Zeng Qinghong, a deputy to the ongoing session of the National People's Congress (NPC), said that Chinese automakers s ... Continue reading

Harbin Electric Announces Fourth Quarter and 2008 Annual Results

Mar 13, 2009

Annual Net Income up Fifty Percent on Eighty-Five Percent Rise in Sales Fiscal Year 2008 Financial Highlights -- Total revenues were $120.8 million, up 84.7% from $65.4 million in 2007 -- Net income was $25.4 million, up 50.2% from $16.9 million in 2007 -- Cash and cash equivalents were $48.4 million up from $45.5 mill ... Continue reading

China Yuchai Appoints New Principal Independent Auditors

Mar 13, 2009

SINGAPORE, March 13 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (''China Yuchai'' or the ''Company''), announced today that its Board of Directors, upon the recommendation of the Audit Committee, has decided to appoint Ernst & Young LLP, Singapore (''E&Y'') as its new principal independent auditor ... Continue reading

Great Wall, Chryler Drop Small Car JV Project

Mar 12, 2009

Great Wall, Chrysler drop small car JV project http://www.gasgoo.com/auto-news/1009617/Great-Wall-Chryler-drop-small-c ar-JV -project.html Shanghai, March 12 (Gasgoo.com) China's Great Wall Motor has terminated its joint venture project with Chrysler due to changed situations, said the Chinese car company's president W ... Continue reading

China Vehicle Registration Data Hard To Come By

Mar 12, 2009

China vehicle registration data hard to come by http://www.gasgoo.com/auto-news/1009621/China-vehicle-registration-data -hard -to-come-by.html Shanghai, March 12 (Gasgoo.com) China's traffic authorities have controlled the country's vehicle registration data, which are kept as secret and expensive information. At this ... Continue reading