Chinese carmaker Great Wall Motor plans to launch Florid, Coolbear and some other sedans to the Russian market in the coming two years, announced the company at the ongoing Moscow auto show, reported xinhua.net today.
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AW Car Co. broke ground for its own-brand vehicle expansion project on August 27, which will be completed and start production by 2010. FAW Car Co expects the facility will gain an annual capacity of 400,000 vehicles by 2012, with the capacity of independently developed vehicles reaching 200,000 units, xinhua.net reported today.
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Beijing Automotive Industry Co held a ground-breaking ceremony Tuesday for construction of its new vehicle production base in the city of Zhuzhou, Hunan province, Xinhua reported today.
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China III emissions standard has seen its power over the auto market since it came into effect on July 1. Statistics showed that commercial vehicles underwent month-on-month (m/m) slump both for output and sales in July. The medium-duty truck sales declined by 16.01% year on year, and heavy-duty truck even had the year-on-year(y/y) negative growth both on output and sales, reported Shanghai Securities News today.
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Dongfeng Motor said Wednesday that the terminal sales of its third-generation light truck has surpassed 10,000 units since the models were launched onto the market three months ago, and the sales are seeing a month-on-month increase, reported China Business News today.
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Officials at Nanjing Automobile Group said there are no plans to sell the MG brand in North America, the Automotive News reported Tuesday.
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FAW Car Corp, a subsidiary of China FAW Group Corporation, said it would invest 293 million yuan (US$43.2 million) to locally produce Mazda 8 MPVs (multi-purpose vehicles), the 21st Century Business Herald reported.
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Tianjin Qingyuan Electric Vehicle Co., Ltd. has started to export 456 electric vehicles to the United States in the first stage, the Xinhua news agency reported.
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Guangzhou Auto, a Chinese partner of Toyota, will develop its own brand by using the Japanese carmaker's Camry chassis. The design of the Guangzhou Auto brand has been commissioned to an Italian firm, reported 21st Century Business Herald today.
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Shanghai, August 26 (Gasgoo.com) China will speed up mergers of its state-owned enterprises (SOEs) in the second half of the year and accelerate sales of non-strategic assets across a wide range of sectors, says State-owned Assets Supervision and Administration Commission (SASAC), reported the Economic Observer.
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Shanghai, August 22 (Gasgoo.com) FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, said today that net profit jumped 206 percent to 506 million yuan ($73.9 mln) in the first half of this year.
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Shanghai, August 22 (Gasgoo.com) China's diesel engine maker Yuchai Group has denied the earlier media report that the engine company would start a project of manufacturing diesel sedans over the next few years, said Automotive News China yesterday.
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