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....
BYD Co<1211>, China's largest rechargeable batteries maker as well as automobile producer, will unveil its first MPC model, M6, at the upcoming Auto Shanghai 2009 in April, sources reported.The M6 vehicle will be equipped with the self-developed 2.0-liter four-cylinder engine or the Mitsubishi 2.4-liter four-cylinder...
Porsche SE, the world's leading manufacturer of luxury automobiles, will unveil its latest model line, the Panamera, at the Auto Shanghai 2009 during April 20 to April 28, sources reported.The new model is a four-door, four-seat luxury sedan. It is front-engined and rear wheel drive, with four-wheel drive available on...
State-owned Aviation Industry Corp of China (AVIC), the country's leading aviation manufacturer, launched an auto company in Beijing on Mar. 13, the First Financial Daily reported.The newly-established auto company will be integrated with assets from several domestic automakers including Jiangxi Changhe...
SHANGHAI, March 14 - China's Geely Automobile Holdings, considered a potential buyer of assets from struggling global auto giants, said foreign acquisitions would allow it to secure technology and new markets but it remains cautious...
China's auto sales increased 24.72% year on year to hit 827,600 units in February mainly due to the government incentives to boost the auto sector, sources reported.Data from the China Association of Automobiles Manufacturers (CAAM) showed that sales of passenger cars reached 607,300 units, up...