Shanghai, March 5 (Gasgoo.com) The Beijing office of Japanese carmaker Daihatsu Motor Co., Ltd. said the company has decided not to attend show shows outside Japan this year, including the 2009 Shanghai auto show in April, citing the global financial crisis as the reason. The company will also delay introducing its mini Bego SUV to the Chinese market.
France-based Societe Generale, the third-largest bank in France, recently set up an auto-leasing joint venture in Shanghai with Baosteel Group, the largest iron and steel maker in China, as part of its effort to expand its business in the country. The new JV, with a registered capital of RMB 50 million, is equally held...
Shanghai, May 22 (Gasgoo.com) From the beginning of 2009, China鈥檚 central and local governments unveiled a wide ranges of support package for the automotive industry, reviving the "pillar industry" amid the lingering global financial crisis. Automotive engines, regarded as the "heart" of the automobile, have undergone a period of impressive development in past few years.
International automotive supplier Continental opened a new automotive technical center in Jiading Industrial Zone, Shanghai yesterday. On the same day, a memorandum of understanding (MoU) was also signed to set up a new plant nearby.
Shanghai, November 24 (Gasgoo.com) Guangzhou Auto Co. (GAC) is seeking to go public as a step forward in the new round of strategic development, announced Zeng Qinghong, the general manager of GAC, yesterday at the ongoing Guangzhou Auto show, reported Xinhua News.
Shanghai, November 23 (Gasgoo.com) The 2009 Guangzhou Auto Show kicked off today. As China's third-largest auto exhibition (after those in Beijing and Shanghai), the show is seen as a barometer of the Chinese auto market, CCTV.com reported.
Shanghai, November 20 (Gasgoo.com) China's electric car manufacturer BYD Auto has announced its plan to march into the solar energy field, reported China Securities Journal today.
Shanghai, November 19 (Gasgoo.com) Changan Auto has signed a strategic cooperation agreement this week with China Mobile, the country's top telecom carrier, to develop a smart vehicle based on 3G wireless technologies, Xinhua News reported.
Shanghai, November 19 (Gasgoo.com) China's booming auto market demand may push steel demand in the country by 12% next year, lifting the prices of iron ore, Bloomberg reported today, citing an industry expert.
Shanghai, November 17 (Gasgoo.com) China's Ministry of Commerce said yesterday that it will investigate the U.S. government's financing and rescue plans for the American auto industry, Shanghai Daily reported.