Czech-up: New Skoda model and president

2011-07-04 16:41:26

Skoda, the Czech unit of Volkswagen Group, says it will produce a new compact car in China in 2013 to expand its local portfolio.

VW's two southern plants approved by NDRC

2011-07-04 16:36:45

German carmaker Volkswagen recently announced that its two new plants have been approved by the National Development and Reform Commission, the country's top economic planner.

BYD surges in Shenzhen debut

2011-07-01 10:36:16

BYD Co, the Chinese automaker part- owned by Warren Buffett's Berkshire Hathaway Inc, surged on its trading debut in Shenzhen on Thursday amid speculation it may benefit from government funding for electric-vehicle development.

Geely raises 1b yuan through bond sale

2011-07-01 09:51:20

China's Geely Automobile has raised 1 billion yuan ($153.8 million) through a corporate bond sale aimed at financing the carmaker's development of core technologies on auto parts and auto electronic systems, company officials said Thursday.

Daimler to invest 2b euros into Chinese JV

2011-06-30 10:36:16

German auto giant Daimler AG has signed an agreement with its Chinese partner Beijing Auto to invest 2 billion euros into their joint venture in the Chinese capital, allowing Mercedes to expand production of compact luxury SUVs, said the Chinese company on Wednesday.

BYD's profit plummets as industry sales drop

2011-06-30 09:14:27

Chinese battery and carmaker BYD Co Ltd reported an 84 percent profit decline in the first quarter in a statement filed.

Nissan to expand capacity in China

2011-06-28 13:19:10

Nissan Motor Co plans to boost production capacity in China by as much as 600,000 vehicles over the next six years as Japan's second-largest automaker expands in the world's biggest auto market.

Sun set to shine on Inalfa deal

2011-06-27 14:51:18

Beijing Hainachuan Automotive Parts Co Ltd, a subsidiary of BAIC Group, said its acquisition of Inalfa Roof Systems will be completed next month after it passes antitrust scrutiny by the Chinese government.

Wen puts respect in driving seat

2011-06-27 11:21:32

With a car launch and a visit to William Shakespeare's house, Premier Wen Jiabao began his UK visit on Sunday in Birmingham and made mutual respect a cornerstone for relations between the two countries.

China's SUV sales to set global pace soon

2011-06-24 13:46:49

China overtook the United States as the world's largest car market on sales of sedans. Future growth lies with sport utility vehicles (SUVs).

SUV deliveries in China increase 30% Jan-May

2011-06-23 14:11:21

China surpassed the US as the world's largest car market on sales of sedans. Future growth lies with sport-utility vehicles.

BAIC to expand overseas with new manufacturing plants

2011-06-23 13:59:36

Beijing Automotive Group (BAIC), the Chinese partner of Daimler AG and Hyundai Motor Co, will increase its car sales in the Southeast Asian market in coming years, when a new factory begins operations in South China, said a top company manager.