Shanghai, October 28 (Gasgoo.com) In response to public concerns about the rapidly growing Chinese auto output, the Ministry of Industry and Information Technology (MIIT) has recently said that the country's car industry is not overheated, CCTV.com reported today.
Shanghai, October 21 (Gasgoo.com) China's annual auto sales will likely reach 20 million units by 2015 as demand will be growing with rising family income, Dongfeng Motor Co. vice president Ren Yong said today, Dow Jones reported.
Shanghai, October 20 (Gasgoo.com) Beijing Auto, an employer of a former Ford Motor engineer arrested in the U.S. last week for allegedly stealing trade secrets, said today it is watching the case closely, but relies on its self-developed designs and technology, the AP reported.
Shanghai, October 9 (Gasgoo.com) Chery Auto is set to launch the first mid-size sedan model of its luxury sub-brand Riich next month, China Car Times said. The Riich G5 is Chery's first entry model into the premium sedan segment.
U.S.-based auto giant General Motors Corp recently opened a science lab in Shanghai to conduct automotive-related research and development.The lab, namely GM China Science Lab, is the first of its kind set up in China by a global auto maker and will help strengthen GM's leading position in China, said...
Shanghai, September 27 (Gasgoo.com) Chinese Vice Premier Zhang Dejiang recently stressed the stable, sustainable development of the auto sector with enhanced innovation, industry restructuring and a boost to auto parts manufacturing, xinhuanet.com reported today.
Shanghai, September 27 (Gasgoo.com) China's auto exports have declined for 12 straight months since August 2008 because of the global auto market slump and rising overseas trade barriers, xinhuanet.com reported last week, citing a commerce ministry official.
Shanghai, September 24 (Gasgoo.com) Wonder Auto Technology, Inc., a Chinese manufacturer of automotive electrical parts, announced on Wednesday that one of its subsidiaries spent US$12 million in acquiring 100 percent equity of Friend Birch (Friend Birch Limited (Hong Kong)), the company said in a press release.
Shanghai, September 24 (Gasgoo.com) General Motors does not expect a sharp slowdown in demand in China's auto market from potential changes in government policy, its China chief said today, Reuters reported.
Shanghai, September 16 (Gasgoo.com) Geely Auto, the Hong Kong-listed Chinese carmaker whose parent is eyeing Ford's Volvo unit, is set to raise capital through a bond issue to provide funding for a Volvo bid, Reuters reported today.