General Motors Monday said its vehicle sales in China rose 77.7% year on year to 144,593 units in July, setting a new company record for vehicle sales in China in July, the China Daily reported.In the period from January to July, GM's sales in China jumped 42.8% from a year earlier to 959,035 units, the company said...
State-owned Brilliance Auto, the parent of Brilliance China Automotive Holding Ltd<1114>, may set up a joint venture with Daimler AG to make special purpose vehicles, executives at the company said, Reuters reported on Monday. The two companies are in talks on the JV plan, which may involve setting up a new...
Huang Guangyu, the former chairman of Gome Electrical Applicances who is being detained on allegations of share price manipulation, spent HK$549 million on buying 816 million shares to raise his stake in the company to help him remain the biggest shareholder after Gome finished issuing new shares...
Air China Ltd<601111><0753>, the country's flagship carrier, is likely to have realized profits in the first half of this year, an unidentified company official said over the weekend, the official Xinhua News Agency reported.The official said the company's cost-cutting measures are considered the main reason the...
Jiangxi Hongdu Aviation Industry Co Ltd<600316>, which is primarily engaged in the research, development, manufacture and sale of aerospace products and parts, plans to raise up to RMB 2.5 billion in a private placement, the Shanghai Securities News reported on Thursday. The company said it will...
The parent companies of China's top three airlines late Wednesday denied reports that they would obtain an additional capital injection of RMB 3.1 billion from the Chinese government, a newspaper based in Beijing reported.Local media on Wednesday reported that the State-owned Assets Supervision and...
The State-run parent of China Eastern Airlines swung to the profit column in the first half of this year after cutting costs while market conditions improved, Shanghai Securities News reported today, citing an internal company meeting. China Eastern Air Holding cut controllable costs by 12 percen...
Laiwu Steel Corp<600102>, one of the top ten steelmakers in China, has posted RMB 598 million in net loss for the first half of this year, with loss per share of RMB 0.648, the Shanghai Securities News reported. The company鈥檚 operating revenue was RMB 12.27 billion during the period, while it recorded RMB 548...
State-owned China Eastern Air Holding Co, the parent of China Eastern Airlines Ltd<600115><0670><CEA>, realized profit in the first half of this year as the company improved management and cut costs, the Shanghai Securities News reported on Monday.The company adopted as...
JuneYao Airlines Co Ltd, a private airline based in Shanghai, announced on Wednesday that it plans to launch flights on international routes this year, the official Xinhua News reported.It will be the first private domestic airline to do so.Wang Junjin, chairman of the airline, said that the company has submitted an...