China News

China becomes world's largest auto market

Jul 03,2009

Shanghai, July 3 (Gasgoo.com) China has outpaced the United States in auto sales in the first half of this year, making itself the largest auto market in the world - the beginning of what could be a ...

• China has 176.5 mln motor vehicles by June 2009   [Jul 04, 2009]

  China now has become the home to more than 176.5 million motor vehicles and more than 14 percent of its population has learned to drive, according to the Ministry of Public Security Friday. More than ...

• GM says Beijing Auto has submitted offer for Opel   [Jul 04, 2009]

  General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna ...

• Three Chinese auto factories step in Rio de Janeiro   [Jul 04, 2009]

  Chinese automakers BYD Co., Ltd. and Chery Automobile Co., Ltd. want to establish factories in Rio de Janeiro State, Brazil, said the governor Sergio Cabral on July 2, 2009. Chery Automobile said on ...

• China Auto News of the Week (June 29 - July 3, 2009)   [Jul 04, 2009]

  China becomes world's largest auto marketShanghai, July 3 (Gasgoo.com) China has outpaced the United States in auto sales in the first half of this year, making itself the largest auto market in the ...

• Taiwan auto sales hit 17-month high in June   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) There were 26,200 new cars were sold in Taiwan last month, up 25.8% from a year earlier and up 43.5% from May. The car sales figure for June was the island's highest ...

• Guangzhou Auto to build Fiat car project in August   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) Construction at Fiat's car production venture with Guangzhou Auto is scheduled to begin in August. The facility, with annual capacity of 140,000 cars and 220,000 engines ...

• Chang'an Auto to boost Hebei plant output to 500,000 units   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) Chongqing Changan Automobile Co began construction on a new production facility for mini-vans and mini-trucks in Dingzhou in north China's Hebei province on Thursday. ...

• Chery Auto to sell 3,000 vehicles in Brazil a year   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) Brazil is expected to become a new destination for Chinese carmaker Chery Auto to explore overseas markets. Since late 2008 when its sales slumped amid the financial ...

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  Tengzhong hasn't applied to buy Hummer yet   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) China's Ministry of Commerce hasn't received an application from Sichuan Tengzhong Heavy Industrial Machinery Co. regarding its planned purchase of General Motors ...

• Geely denies rumors that it will buy Ford's Volvo   [Jul 03, 2009]

  Geely Holding Group on Thursday denied rumors that it was planning to purchase Ford Motor Co.'s Volvo unit, according to a Sohu.com report.Zhang Jiagan, assistant to Geely's president, said the ...

• China's JAC Motors to build vehicle plant in Brazil   [Jul 03, 2009]

  China's JAC Motors (Jianghuai Automobile Co., Ltd) ) is to build a vehicle plant at the Acu port complex in Rio de Janeiro State, the Rio state government said in a statement.The announcement came ...

• BAIC to unveil better nonbinding Opel offer today   [Jul 03, 2009]

  Chinese state-owned automaker Beijing Automotive (BAIC) will unveil an improved nonbinding offer for German carmaker Opel on Friday, a newspaper reported on Thursday.The Frankfurter Allgemeine ...