Compared with this year鈥檚 September sales, China's October vehicle sales declined 7.92 percent. October was the eighth consecutive month for the world鈥檚 No.1 auto market to reach 1 million vehicle production and sales. The Chinese auto industry also set a record in October by breaking through...
Beijing Automotive Industry Holding established a new energy car company in Beijing Saturday to produce and sell key new energy auto parts, electric vehicles, hybrid vehicles, charging system and battery renewal system. The new company is expected to make and sell 20,000 to 40,000 new energy cars...
China is urging its automobile and auto parts makers to optimize their business structure and promote technological innovation to expand auto exports, according to a guideline jointly issued by six Chinese government departments, including the Ministry of Commerce, the National Development and Reform...
Qian Zugen, assistant secretary general of the Shanghai Automotive Trade Association predicted at a news conference November 12 that China could sell 12 million vehicles by year end to surpass the US to be the world鈥檚 No. 1 auto market. In the first nine months of 2009, Chinese vehicle sales wa...
The project of building the Beijing International Auto Expo Center is in its final construction stage and will open by the end of the year, according to the Beijing Youth Daily. Located along the south-western Fourth Ring Road in Huaxiang, Fengtai district, the center will be China鈥檚 largest au...
SEOUL, Sept 17 - South Korea's POSCO, the world's No. 6 steelmaker, said on Thursday it had boosted capacity of an auto steel processing plant in Japan, as it seeks to expand market share in...
Jul. 8, 2009 (China Knowledge) - Geely Group Ltd recently raised its shareholding in Geely Automobile Holidngs<0175> to 31.83% from the previous 31.77%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. Information from HKEx showed that Geely Group bought 4.25 million H-shares of Geely Auto on Jul. 3 for HK$5.9 million. The average share price of the transaction was HK$1.38 apiece. H-shares of Geely Auto rose 2.17% to end at HK$1.41 on Tuesday....
Chinese government has begun to seek public opinion on subsidy program for auto replacement, amid a slew of measures to stimulate private spending and curb pollution. According to a joint circular issued by the Ministry of Commerce and the Ministry of Finance on Friday, automobiles should meet th...
AviChina Industry & Technology Co Ltd<2357> recently cut its shareholding to 57.82% in Harbin Dongan Auto Engine Co Ltd<600178>, a company mainly engaged in the development, manufacture and sale of automobile engines, the Shanghai Securities News reported. On May 21, AviChina sold 4.39 million...
NEW YORK, May 4 - Bankrupt auto parts supplier Noble International Ltd said in a court filing that an affiliate of investment firm Patriarch Partners LLC has put in an $11 million "stalking horse" bid...