Chrysler LLC plans to set up a manufacturing plant in China, in a bid to become a "meaningful player" in the country, John Kett, vice president of Chrysler and CEO of Chrysler Asia Pacific, said on Monday, Shanghai Daily reported.Chrysler, who has been required to form an alliance with Italy's Fiat SpA by the...
Nissan Motor Co Ltd, Japan's third largest automaker, assigns positive outlook for Chinese auto market and plans to introduce 15 new models, including 10 passenger cars and five light commercial vehicles, to the country by 2012, more than in any other market, Senior Vice President Andy Palmer said on Monday...
Hyundai Motor Co, South Korea's top automaker, expects its vehicle sales in China to grow by 36% in 2009 as compared to earlier forecast of 22%, sources reported.The South Korean automaker raised the sales target set for its China unit, Beijing Hyundai Motor Co to 400,000 units from 360,000 units. In addition, it...
BYD Co<1211>, China's largest rechargeable batteries maker as well as automobile producer, is in talks with U.S. and European automakers to supply powertrain systems to them, China Daily reported on Monday, citing a senior company executive as saying.The supply deal also includes batteries, said Henry...
Porsche SE, the world's leading manufacturer of luxury automobiles, unveiled its latest model line, the Panamera, in Shanghai on the eve of the 13th Shanghai International Automobile Industry Exhibition, showing the significance of the Chinese market for Porsche, Reuters reported....
Audi AG, a German subsidiary of Volkswagen AG, said on Wednesday its sales hit monthly record of 11,848 units in Chinese mainland and Hong Kong in March, representing a year-on-year growth of 7%. According to the company's statement, Audi's long-wheel base Audi A4L, was the biggest contributor to its...
General Motors Corp's (GM) market in China continues to be strong even it is preparing for possible bankruptcy in the U.S., said Ray Yong, vice president and chief financial officer (CFO) of GM, the official Xinhua News reported.Yong expressed his confidence in the growth of China's auto sector as well as the...
France's Renault SA, the world's fourth-largest automaker, has recently launched its Greater China division in Beijing, led by Robert Chan, former general manager of Nissan China Investment Co's imports unit, sources reported.The division, namely Renault China, will run the automaker's businesses in the...
Beijing Automotive Industry Holdings Co Ltd, one of China's major auto production companies, announced that its car sales rose 17.4% year on year in the first quarter of 2009, reaching 250,526 units, sources reported.The company's sales growth rate, much higher than the 3.88% overall growth rate of the auto...
Volkswagen AG, the world's third-largest automaker, said on Tuesday its vehicles sales in mainland China and Hong Kong hit a monthly record of 112,466 units last month, up 9% year on year from 103,204 units in 2008, Reuters reported.The German automaker said in a statement that it sold 284,143 vehicles in...