Shanghai, November 16 (Gasgoo.com) Beijing Automotive Industry Holding Corp (BAIC) has unveiled its first self-developed electric car while launching a new-energy auto company, joining domestic rivals to tap potential demand for clean energy vehicles, Reuters reported today.
* Brazilian demand underpins Argentine car sector bounce * Vehicle production exceeds original forecasts * Argentines buy cars as shield from inflation BUENOS AIRES, Nov 10 - Brazil has been a shot in the arm...
* GM guns for 30 percent reduction in Opel fixed costs * European industry has overcapacity of up to 6 million units * Opel plus points include small cars, European footprint PARIS, Nov 4 -General...
Shanghai, October 21 (Gasgoo.com) A top executive of Beijing Automotive Industry Holding Corp (BAIC) said on Tuesday that the automaker would complete the R&D of its first-ever pure electric sedan before the end of this month.
Russia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying. The indictment, written by Deputy Industry Minister Andrei Dementiev to the government, also casts doub...
Shanghai, September 16 (Gasgoo.com) Geely Holding Group, the parent of Geely Auto, has disavowed an earlier statement that it's planning a possible bid for Ford Motor's Volvo Cars unit, Dagens Industri reported, citing Volvo head Stephen Odell.
* Abrupt end to incentives to cause 'shock' to industry * Market conditions 'not normal' * No issue with proposed state aid for Opel FRANKFURT, Sept 15 - Ford Motor Co <F.N> is asking European...
Swedish sports car maker Koenigsegg said Wednesday it has teamed up with Beijing Automotive Industry Holding Co Ltd (BAIC) to buy Saab from General Motors. As part of a memorandum of understanding between the two parties, BAIC would become a minority owner in Koenigsegg Group, running short of $4...
* Coming festive season, improving finance to help demand * Sales rise 31 pct on year in July - industry body * Commercial vehicle sales up first time since July 2008 (Adds detail, quotes) NEW...
Shanghai, July 22 (Gasgoo.com) Head of Volvo Car Corporation engineers union said that although Geely appears to be a serious buyers for Volvo, it can not change the union's position that a Chinese buyer will do no good to Volvo, Sweden's leading business journal "Dagens Industri" reports Tuesday.