On 30 Sept, Finance Ministry, Development and Reformation Ministry and Industry and Information Ministry has announced that it will implement 1.6L and below energy saving and environmentally friendly auto promotion from 1 Oct 2013 to 31 Dec 2015. Subsidy standard has not changed, which is 3 thousand Yuan subsidy offering when consumer buy certain cars. However, new policy has raised its threshold for auto catalog.
Oct. 11 , 2013JMC has announced that JMC board of directors has approved 197 million Yuan for J15 engine project. As it known, the project will put into operation in the first half year of 2015, and designed annual capacity is 50 thousand.
Oct. 9 , 2013Under pressure of huge loss, PSA is researching for a big buyer. Dongfeng Auto, which is the second largest auto group, is one of potential buyers.
Oct. 9 , 2013Shanghai Free Trade Area is attracting more and more auto companies. As it known recently, BMW, Benz, Audi, GM and Porsche have mind to build their product display and sales area in Shanghai Free Trade Area after SAIC Automobile Group Co. Ltd. has built its trade company. Jaguar Land Rover, Lexus, Cadillac and Rolls-Royce are thinking about dealership found in Free Trade Area.
Oct. 8 , 2013Stop-start systems have been praised as a quick way to boost fuel economy. But if the stop-start activation is balky or uncomfortable, the customer isn't going to care how much fuel it saves. Case in point: The BMW 328i.
Sep. 30 , 2013On Sept. 28, Changan Peugeot Citroen Automobile Co., Ltd. plant (referred to CAPSA) finished and DS5 handing over ceremony are hold in Shenzhen.
Sep. 30 , 2013