Shanghai, July 27 (Gasgoo.com) China's auto imports slumped 34 per cent year on year during the first half of 2009 to 141,000 units...
China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise, CITIC Group, has submitted an application to the China Banking Regulatory Commission to set up an auto financing firm, said Zhang Qiang, assistant president of the bank, the Shanghai Securities...
Shanghai, July 23 (Gasgoo.com) General Motors and the German government yesterday failed to choose a buyer for GM's German unit Opel, as Germany preferred Canadian auto-parts supplier Magna while GM was in favor of Belgian investor RHJ, not taking the third bidder, China's Beijing Auto, into serious consideration, media reported.
Shanghai, July 9 (Gasgoo.com) Dongfeng Auto, a light commercial vehicle producer under Dongfeng Motor Corp, said yesterday that its auto sales in the first half this year fell by 9.55% from one year earlier to 94,897 units, xinhuanet.com reported.
Shanghai, July 10 (Gasgoo.com) Chinese auto sales in June grew by 36.5% from a year earlier to 1.14 million vehicles. Total sales for the first half of the year rose to 6.1 million, and the full-year sales in 2009 are expected to exceed 11 million units, xinhuanet.com reported yesterday, citing an industry group.
Shanghai, July 8 (Gasgoo.com) In the first half of this year, the number of China's registered motor vehicles has reversed the slump from late 2008 and showed a sign of rapid growth, thanks to a series of stimulus policies for the auto market, said the People's Daily online.
Shanghai, July 8 (Gasgoo.com) BYD Auto sold 176,795 vehicles in the first half of this year, a rapid increase of 176% from a year earlier, reported Shanghai Securities News, citing the carmaker's latest statistics.
Shanghai, July 7 (Gasgoo.com) In a detailed bid it submitted last week for GM's Opel, Beijing Auto outlined a plan to spend $2 billion setting up Opel's first factory in China, the Financial Times reported. The factory would start operating in 2012.
Shanghai, July 3 (Gasgoo.com) China has outpaced the United States in auto sales in the first half of this year, making itself the largest auto market in the world - the beginning of what could be a lasting trend.
Shanghai, June 26 (Gasgoo.com) Chery Auto is to launch its trendy mini-car Chery QQme (Chery S16) tonight, cheshi.com said. The Mini-like small car, priced between 40,000 yuan ($5,860) and 50,000 yuan, will target the young female demographic.