China News

SAIC lifts sales target of own-brand vehicles

Nov 25,2009

Shanghai, November 25 (Gasgoo.com) China's top automaker SAIC Motor Corp. aims to sell about 90,000 own-brand vehicles this year, nearly double the original target, Reuters reported yesterday, citing ...

• China car sales to grow by 1 mln units each year   [Nov 25, 2009]

  Shanghai, November 25 (Gasgoo.com) Car sales in China are expected to grow by 1 million units in each of the coming 10 years, spurred by economic growth and low car-ownership, Dow Jones reported ...

• Beijing Auto to "cautiously re-evaluate" Saab deal   [Nov 25, 2009]

  Shanghai, November 25 (Gasgoo.com) Beijing Automotive Industry Holding Corp (BAIC) said today that it will "cautiously re-evaluate" General Motors' Saab brand deal after co-bidder Swedish automaker ...

• Yang Rong’s auto project may involve Chinese listed firms   [Nov 25, 2009]

  Shanghai, November 25 (Gasgoo.com) Yang Rong is in talks with three listed Chinese companies about their cooperation in his China-based vehicle and engine project, reported Reuters yesterday, citing ...

• Great Wall to start production in Bulgaria by end-2010   [Nov 25, 2009]

  Chinese car manufacturer Great Wall is to commence production of off-road vehicles in the northern Bulgarian town of Lovech by the end of 2010, the Chinese Xinhua reported, cited by Investor.bgGreat ...

• Renault-Nissan inks electric car deal for China city   [Nov 25, 2009]

  The Renault-Nissan Alliance, the government of Guangzhou Municipality in China and Dongfeng Motor Co., Nissan Motor Co.'s Chinese venture partner, have formed a partnership to promote electric car ...

• Taiwan's Yulon to sell electric cars to Geely Auto   [Nov 25, 2009]

  Taiwan's Yulon Motor Co. will sell electric cars to China's mainland automaker Geely Automobile Holdings Ltd., senior executives at both companies said Tuesday. The electric cars will be based on ...

• White House thanks Beijing taxi drivers for service   [Nov 24, 2009]

  Shanghai, November 24 (Gasgoo.com) Three taxi drivers in Beijing each received a letter of thanks from the White House yesterday for their excellent services during U.S. president Barack Obama's ...

• Ford expects sales by China JV to grow 50% this year   [Nov 24, 2009]

  Shanghai, November 24 (Gasgoo.com) Ford Motor expects sales at its passenger car joint venture in China to rise by nearly 50% this year, boosted by government incentives for purchases of small ...

• Nissan aims for 20% growth in 2010 China sales   [Nov 24, 2009]

  Shanghai, November 24 (Gasgoo.com) Japanese carmaker Nissan Motor aims to boost its China sales by 20% next year as it looks to the world's largest car market for return to profitability, Reuters ...

• SAIC may sell 2.65 mln vehicles this year, up 30%   [Nov 24, 2009]

  Shanghai, November 24 (Gasgoo.com) SAIC Motor Corp, China's largest automaker, expects its sales this year to rise 30% from last year to 2.65 million vehicles, Xinhua News reported today, citing a ...

• Guangzhou Auto starts to accelerate overall listing   [Nov 24, 2009]

  Shanghai, November 24 (Gasgoo.com) Guangzhou Auto Co. (GAC) is seeking to go public as a step forward in the new round of strategic development, announced Zeng Qinghong, the general manager of GAC, ...

• Jianghuai Auto eyes 150% growth in sales this year   [Nov 24, 2009]

  Anhui Jianghuai Automobile Co, the second-largest manufacturer of light trucks in China, expects to sell 300,000 units of passenger cars in 2010, up 150% from a year ago.An Jin, general manager of ...