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...
Chery Automobile Co Ltd, the largest private automaker in China, and Huishang Bank Corp Ltd jointly launched an auto finance company in Shanghai on Tuesday, the Shanghai Securities News reported.The joint venture (JV), namely Chery Huiyin Auto Finance Co Ltd, has a registered capital of RMB 500 million....
Bayerische Motoren Werke AG (BMW) and its Chinese partner Brilliance China Automotive Holding Ltd<1114> may invest RMB 2 billion into their second manufacturing plant, a senior official of Brilliance Auto said on Monday, Reuters reported.BMW Brilliance Automotive Ltd, the joint venture between the two...
Auto industry puts bets on China market, raises profile of Shanghai auto show.
China is likely to post a record high in auto sales in March, with 14 major automakers selling 1,026 million vehicles during the period, which account for 90% to 91% of the total market, the China Daily reported on Wednesday, citing Chen Bin, director general of the Department of Industry with the National Development...
Bayerische Motoren Werke AG (BMW), the world's largest premium car maker, will unveil its two latest models at the upcoming Auto Shanghai 2009 in April, the Beijing Times reported on Thursday.However, BMW China did not reveal any details about the debut, according to the report....