Even before General Motors Co launches its first vehicle under the new Baojun car brand in China, the local venture is eyeing other vehicles it could add to its lineup, executives say.
The Bosch Group plans to invest 3.4 billion yuan ($520 million) to capture more businesses in the Chinese market this year.
Toyota Motor Co announced it will cut 50 to 70 percent of production in China, Sina.com reported Thursday.
General Motors (GM), the largest foreign automaker by sales in China, will invest $5 billion to $7 billion over the next five years in the world's biggest vehicle market, aiming to double its sales to 5 million units by 2015.
China is the global driving force for premium luxury cars as consumer enthusiasm fuels sales, industry experts said.
Transport authorities said on Sunday that the recently introduced traffic control measures in Beijing have eased congestion and that the average time spent in traffic during the past three months was reduced by about one hour. But, many drivers say the congestion is still as bad as before.
China's car sales are expected to continue their upward trajectory in the coming years through a combination of organic demand, "indigenous brands" built with foreign joint-venture partners and increased ownership by drivers in smaller towns and cities.
French carmaker PSA Peugeot Citroen hopes to increase its share in the Chinese market to 8 percent by 2015.
Volvo (China) Investment Co Ltd will recall 82 of its imported trucks on the Chinese mainland starting on Friday due to defects in their steering system, China's quality watchdog said on Friday.
Some Western carmakers say the latest fuel price hikes will not affect their sales in China significantly.
Rising fuel prices will have a larger impact on local businesses as well as create merger and acquisition opportunities for Western multinationals.
A Chinese expert told Xinhua on Tuesday that the largest barrier in developing new-energy vehicles is convincing customers to view them as a safe, practical and cost-effective substitute for traditional cars.