Toyota Motor Corp on Thursday began to recall 259,119 Camry sedans in China due to the brake flaws, China Daily reported.The Japanese automaker said it has submitted a report to the General Administration of Quality Supervision, Inspection and Quarantine in March. The sedans to be called were...
Shiner, a wholly-owned subsidiaryof Shanghai Forte Land Co Ltd<2337>, acquired two pieces of undeveloped land for RMB 150.21 million in total from Fosun International Ltd<656> on Apr. 21, sources reported. The two mixed-use properties, located in Hangzhou, Zhejiang Province, cover a total land area of...
The Shanghai auto show is the only bright spot for struggling global auto companies.
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....
The Shanghai Auto Show is the place to see the latest luxury cars for sale in what used to be a land of bicycles. Half a world away from Detroit, where the Big Three are fighting for survival, car lovers are running their hands over the shiny sheet metal on display at the Shanghai auto show this week.
Daimler AG, the world's second-largest maker of luxury cars, is in talks with China's sovereign wealth fund China Investment Corp (CIC) about the possible capital injection into the German automaker, said Daimler's Chief Executive Dieter Zetsche, the Frankfurter Allgemeine Zeitung newspaper reported on...
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.
Executives from Porsche to BMW are pinning their hopes on China to help drive sales out of the recession.
China clones a Rolls Royce and demonstrates it can copy more than just Western movies.