The listed automakers Haima Auto, Brilliance Auto and Changfeng Motor said that they were in urgent need of increasing capital to replenish cash flow, reflecting automakers lacking money amid the financial crisis and economic downturn, Nanfang Daily said.

Following the launch of its all-new compact hatchback Huandong (H11) in December, Haima Auto has also planned to release its Fstar (Fushida) MPV model to the market in early 2009, said auto.163.com today. The Haima Fstar will be the first new model to be made at the carmaker's Zhengzhou facility.

At the Guangzhou auto show, Haima Auto formally named its all-new hatchback Haima H11 as Huandong ("happy move"), and the Haima Huandong hatchback will be go on sale early next month, said xinhuanet.com today.

Chinese automaker Haima Investment Group Co will unveil its first ever high-end hatchback at the upcoming Guangzhou International Motor Show which will start on November 19.

Chinese automaker FAW Haima Automobile Co will launch a new own-brand car in the A0 segment next year, Beijing Youth Daily reported on Wednesday.

Haima Investment Group Shareholding Co., parent company of FAW Haima Automobile Co., will build a new sedan production base in Zhengzhou, National Business Daily reported today.