Shanghai, November 12 (Gasgoo.com) BMW AG, the world's largest maker of luxury cars, signed an agreement today with its Chinese partner Brilliance Auto to invest $735 million to expand the capacity of their joint venture in China, Reuters reported.
Qian Zugen, assistant secretary general of the Shanghai Automotive Trade Association predicted at a news conference November 12 that China could sell 12 million vehicles by year end to surpass the US to be the world鈥檚 No. 1 auto market. In the first nine months of 2009, Chinese vehicle sales wa...
Shanghai, November 12 (Gasgoo.com) The Chinese government has unveiled guidelines for supporting the country's exports of vehicles and auto parts, aiming to make up 10% of global trade in those goods by 2020, media reported today.
* Honda, Guangzhou Auto may expand JV capacity by a third * Guangzhou Auto sees 2009 sales up 12-13 pct * Guangzhou Auto sees capacity top 1 mln units in 2011 (Adds quotes, details) SHANGHAI,...
Shanghai GM, a joint venture between General Motors and Shanghai Automotive Industry Corporation (SAIC), Monday named its new five-door sedan Yinglang, and the new model will make its debut at the Guangzhou Auto Show from November 23 to 30. The Yinglang model is the Chinese version of the Opel As...
Shanghai, November 5 (Gasgoo.com) Changan Automobile (Group) Co., Ltd. is set to announce on Nov. 10 its merger of the auto-making operations of Aviation Industry Corporation of China (AVIC), the parent of Hafei Auto and Changhe Auto, after several months of painstaking talks, the Economic Observer reported today.
OnStar, a subsidiary of U.S.-based auto giant General Motors Corp, Shanghai Automotive Industry Corp Group and Shanghai General Motors Corp Ltd on Oct. 29 launched a joint venture in Shanghai, OnStar's first venture outside of North America. The JV, called Shanghai OnStar Telematics Co Ltd, will be activated...
Shanghai, October 29 (Gasgoo.com) China will lead the U.S. for a "long time" as the world's biggest auto market, where demand will grow next year even as stimulus measures are reduced, said Nick Reilly, General Motors' international operations president, Bloomberg reported.
Shanghai, October 29 (Gasgoo.com) Shougang Group (also known as Capital Steel Group) has recently signed annual agreements of auto sheet supply with SAIC Motor, Beijing Auto, Geely Auto and Great Wall Motor, showing that the No. 5 steelmaker in China has the ability of bulk supply of quality auto sheet, SteelGuru reported today.
Shanghai, October 30 (Gasgoo.com) China Association For Quality (CAQ) has released the Q3 report on auto quality complaints, Xinhua News reported.