Chinese automaker Great Wall Motors will release its first passenger car in the Australian market later this year to complement its V240 and SA220 medium-duty commercial utes. Named the X240, the car will be a rebadged right-hand-drive version of the Chinese-market Hover crossover. Based on the T...
SAIC Motor Corp Ltd<600104>, the largest domestic auto maker in China, Wednesday said its first-half net profit declined 26% from RMB 1.97 billion a year earlier to RMB 1.45 billion, sources reported.The company attributed the decrease to RMB 1.18 billion in write-offs for its loss-making South Korean unit,...
By Shi Jierui Great Wall Motor Co. has only sold 14 vehicles to Russia so far this year, according to Xinhua. Zhang Xinguang, general manager of Great Wall Motor's Russia unit, said Russia raised duties on imports, and that made the semi-knockdown or SKD process not applicable any more. SKD proce...
Shanghai, April 8 (Gasgoo.com) Ssangyong Motor, currently under court receivership, announced on Wednesday that it needed to slash 36 percent of its workforce to revive the company, reported Reuters.
Shanghai, March 5 (Gasgoo.com) The European importer of China's Chery vehicles showcased 18 re-badged Chery cars at the Geneva Motor Show (Switzerland), Beijing Times reported Thursday.
CHICAGO, Feb 19 - Hyundai Motor Co Ltd will launch an addition to its popular incentive program under which the South Korean automaker allows consumers who have lost their jobs to return newly purchased cars....
Dec. 29, 2008 (China Knowledge) - Taiwan-based Yulon Motor Co Ltd will pay a symbolic price of NT$ 1 for a 49% stake in the Yulon General Motors JV from its partner GM Corp (GM),...
Nov. 26, 2008 (China Knowledge) - Hong Kong-listed Great Wall Motor Co<2333>, China's largest manufacturer of sports utility vehicles (SUV) and pick-up trucks, is recalling 17,916 Hover CUVs from Nov. 25, due to defects of...
Nov. 14, 2008 (China Knowledge) - Honda Motor Co, Japan's second largest automaker, said it is considering capacity expansion in a plant in Guangzhou, South China's Guangdong province. According to Masaya Nagai, president of Honda...
Nov. 12, 2008 (China Knowledge) - Beiqi Foton Motor Co. Ltd<600166>, the largest commercial vehicle producer in China, announced its board has agreed to issue up to RMB 1 billion (US$147 million) worth of corporate...