Green car in Shanghai may get free license plate
Shanghai, November 9 (Gasgoo.com) In Shanghai, a free license plate may be issued to the buyer of an eco-friendly alternative-energy vehicle starting next year, Shanghai Daily reported on Saturday, citing a government official.
This move is aimed to speed up the city's development of green vehicles and also make skies cleaner for the millions of visitors to the 2010 Shanghai World Expo.
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GM China sales double to 166,911 vehicles in Oct
Shanghai, November 9 (Gasgoo.com) General Motors said today that its sales in China last month more than doubled from a year earlier to 166,911 vehicles, continuing its monthly sales records this year in the Chinese market, media reported.
Over the January-October period, GM saw its China sales rise 59.8% year on year to 1.46 million vehicles, the U.S. auto giant said in a statement, adding that its sales in China this year to date have exceeded 1.5 million units.
SAIC Motor Jan-Oct sales up 51% to 2.19 mln units
Shanghai, November 10 (Gasgoo.com) SAIC Motor Corp. Ltd said today that its sales in the first ten months soared 51% to 2.188 million vehicles, titling it as the first domestic automaker to top the 2 million high.
The report from SAIC shows both sales and production have seen rapid growth. The total output hikes 49.34% from a year early up to 2.184 million units as the total sales climbs 51% to 2.188 million.
Changan to take over carmakers from AVIC
Shanghai, November 10 (Gasgoo.com) China's Changan Automobile Group announced today that it would take over two automakers under the Aviation Industry Corporation of China (AVIC), the country's national aircraft maker, Xinhua News reported. This is the largest merger deal in the Chinese auto industry for years.
The parent of Chongqing Changan Automobile Co Ltd will acquire Harbin Hafei Automobile Industry Group and Jiangxi Changhe Automobile from AVIC, top officials of Changan and AVIC announced this morning at a high-profile press conference in the Great Hall of the People in Beijing.
BAIC to take 40% stake in Fujian Daimler by year end
Shanghai, November 11 (Gasgoo.com) Beijing Automotive Industry Holding Co. (BAIC) has confirmed to local media that it will sign a deal with Fujian Motor to take over Fujian Daimler’s 40% stake.
As reported, Fujian Motor is to keep 10% stake on hand and sells the 40% segment to BAIC, with the rest 50% going to Daimler Light Vehicle (Hong Kong) Co., Ltd, a joint venture between Daimler Group and Taiwan China Auto Company.
VW pushing powertrain strategy forward in China
Shanghai, November 11 (Gasgoo.com) Volkswagen AG plans to boost local production of its latest engines and transmissions in China as part of its strategy to meet fuel consumption target as well as rising demand for fuel efficient vehicles, Shanghai Daily reported yesterday, citing a VW executive.
VW announced in 2007 that it would cut the average fuel consumption of its Chinese-made vehicles by 20% in 2010. To realize the target, the German carmaker is pushing forward its Powertrain Strategy that focuses on the local production of its turbocharged stratified injection engines and double-shift gearbox.
China may offer subsidy to BYD F3DM buyer
Shanghai, November 12 (Gasgoo.com) BYD's F3DM, the first mass-produced plug-in hybrid, has entered the recommendation list published by China’s auto industry regulator earlier this year. Reportedly, consumers may get government subsidies up to 50,000 yuan ($7,320) for buying an F3DM car.
New energy vehicles have not got consumers’ trust yet. The concerns about their qualities always exist. But the recommendation list punished by the Ministry of Industry and Information Technology. is to allay the anxiety.
BMW to expand China venture with Brilliance Auto
Shanghai, November 12 (Gasgoo.com) BMW AG, the world's largest maker of luxury cars, signed an agreement today with its Chinese partner Brilliance Auto to invest $735 million to expand the capacity of their joint venture in China, Reuters reported.
The new investment includes expanding an existing plant in the northeastern Chinese city of Shenyang, where Brilliance and BMW now manufacture BMW 3-series and 5-series sedans. Annual output at the current plant will increase to 75,000 units by the end of next year, from current 30,000 units.
China auto sales may reach 13 mln units this year
Shanghai, November 13 (Gasgoo.com) China's overall vehicle sales may reach 13 million units this year, Dong Yang, executive vice president of the China Association of Automobile Manufacturers, said yesterday, Dow Jones reported.
China's auto sales totaled 9.38 million units last year, according to previous data issued by the CAAM. The semi-official industry association said last month that China's auto sales could exceed 12 million units this year.
China's auto tax cuts to remain unchanged next year
Shanghai, November 13 (Gasgoo.com) The withdrawal of China’s automotive stimulus policy that halved sales tax is confronting great pressure. Unsurprisingly, it will remain unchanged next year, said a senior official of the State Information Center, reported Nanfang Daily today.
The extension and expiration of the stimulus measures over the two mainstays of Chinese economy, automotive and estate industries, will definitely lead to the fluctuations of China's economic development.
