Autos

AutoChina being probed by SEC

AutoChina International (AUTC.NASDAQ), a company that sells and leases commercial vehicles, said it will restate financial statements from 2009 onwards in r

Chinese car sales rebound, Audi bests BMW in April

Cars sales in China increased 12.5% in April from a year earlier to 1.28 million vehicles, an uptick compared with the market's sluggish growth in the first

GM China sales up 12% in April

General Motors (GM.NYSE) said its sales in China rose 12% from a year earlier to 227,217 vehicles in April, due largely to strong demand from GM's Wuling mic

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GM, Volkswagen, Renault pledge new China investments

Several Western automakers announced new investments and partnerships in China to coincide with the Beijing Auto Show being held this week.

Audi plans 700,000 China sales per year by 2015

Audi (NSU.FRA, NSU.ETR), the market leader in China's premium-car segment, aims to increase its annual sales in China to 700,000 cars by 2015,

Ford announces major expansion in China production capacity

Ford (F.NYSE) announced its biggest industrial expansion in 50 years, as part of a US$5 billion plan to double production capacity in China by 2015,

Renault to produce cars in China with Dongfeng

French automaker Renault (RNO.EPA) and China's Dongfeng Motor Group (0489.HKG) have signed a framework agreement on a joint venture to produce cars in the wo

China's first-quarter car sales stall as economy slows

Volvo to spend US$11 billion in coming years

Volvo, a Swedish automaker owned by China's Zhejiang Geely Holding Group (0175.HKG), announced Thursday that it plans to spend US$11 bilion on developing new

GM, Toyota report March China sales

General Motors (GM.NYSE) reported strong first-quarter sales in China while Toyota Motor (TM.NYSE, 7203.TYO) posted more middling results as both car makers

Jaguar Land Rover inks joint venture with China's Chery

Jaguar Land Rover (JLR), controlled by India's Tata Motors (TTM.NYSE, 500570.BOM), has signed a joint venture agreement with private Chinese carmaker Chery A

Light vehicle sales in China projected to double in 2020

Light vehicle sales in China are expected to almost double to hit 30.7 million units in 2020 from 17.7 million units in 2011, market research company IHS sa

Jaguar Land Rover, Chery seek approval for China JV

Jaguar Land Rover and China’s Chery Automobile are seeking regulatory approval for a US$2.78 billion car venture in eastern China,

BYD to report 44% fall in 2011 profit

Chinese car and battery maker BYD (1211.HKG, 002594.SZ) said it will report a 44% drop in net profits for 2011 amid increasing competition in the domestic ma

China limits official cars to domestic brands

China plans to require government officials to strop purchasing foreign-branded cars in favor of local vehicles in an effort to boost the industry amid stron

Ford to double dealerships in China by 2015

Ford Motor is on track to double the number of dealerships in China by 2015, its country chief said Friday, as it launches a half-billion-dollar plant and r

Ford expands production in China

Ford Motor (F.NYSE) opened its fourth passenger-vehicle assembly plant in China on Friday, signaling hopes that rapid expansion will help the company overcom

This week in China

Yin/yang, Tsang/Tang; See Egypt in your Panda

Geely plans to assemble cars in Egypt

Zhejiang Geely Holdings Group (0175.HKG) and Egypt's GB Auto SAE announced plans to start assembling Geely cars in Egypt this year for sale across North Afri

China's vehicle sales down 23.9% in January

Vehicle sales saw a sharp drop in January, according to statistics from China Passenger Car Association (CPCA).

China's auto exports hits record high in 2011, up 57%

China's auto exports hit 849,000 units last year, the highest level seen since the onset of the global financial crisis, the automobile branch of the China

China car sales plunge in January due to Lunar New Year

Car sales in China declined 23.8% in January compared with a year earlier, the largest monthly fall in more than three years, due largely to the early timing

China's SAIC Motor sees 2011 net profit up 40 percent

SAIC Motor Corp Ltd said Tuesday it expects its net profit in 2011 to have increased 40 percent year-on-year.

China car sales slow as US bounces back

Car sales in China grew by only 2.5% last year as the government removed stimulus measures, while the US emerged to become the world's fastest-growing car ma

GM will boost stake in SAIC to 50%

General Motors (GM.NYSE) said it will return to 50% ownership in its joint venture with Shanghai Automotive Industry Corp (SAIC; 600104.SH) by purchasing an

Chinese cars take 12.7% of Chilean market share in 2011 , ranking second

 

GM and Ford saw strong sales in China

General Motors (GM.NYSE) and Ford Motor (F.NYSE) posted record China sales in 2011, outpacing the combined sales of Japanese Toyota Motor (7203.TYO) and Hond

GM and Ford saw strong sales in China

General Motors (GM.NYSE) and Ford Motor (F.NYSE) posted record China sales in 2011, outpacing the combined sales of Japanese Toyota Motor (7203.TYO) and Hond

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