China expects that its own brand cars to have a 50% share in the domestic passenger car market by 2015, compared with the current 44%, sources reported.Sedans of Chinese brands is estimated to account for a 40% market share by then, according to the country's recently revised guidelines for the automobile...
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Chinese domestic sports brands, like Li-Ning and Peak began to "nibble" into the market share of first-tier markets, including Shanghai and Beijing, which was mainly occupied by top world brands such as Nike and adidas, according to Chinese Business News (CBN) on Thursday. Hit by the global finan...
Ford Motor's Chinese venture Changan Ford Mazda sold 5,440 Ford Fiesta cars last month, and the all-new model's total sales since its March launch came to 42,260 units, media reported today. Earlier this month, the company reported sales of 22,738 Ford brand vehicles in November, up 152 percent f...
Caf茅 de Coral Holdings Ltd<0341>, the largest Chinese fast food brand in Hong Kong, said yesterday that its executive director, Peter Tak-shing Lo, has raised his stake in the company to 15.89% from the previous 15.79%.Caf茅 de Coral said in a statement filed with the Hong Kong Stock Exchange that Lo on Nov. 27...
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said Tuesday. Home-grown Geely is hungry for modern and innovative technologies from the Swedish brand to upg...