Market & Industry
China News - Week in Review (March 7-12, 2011)Mar. 15 , 2011
Argentine trade restrictions put a damper on Chery's sales
Gasgoo.com (Shanghai March 11) - Chery Automobile, China's leading automobile exporter, has seen its worldwide sales seriously affected by Argentina's decision to restrict vehicle imports, Xinhua reported yesterday. Chery's Latin American factory, based in Uruguay, has had a large drop in sales due to the new policies.
Mar. 12 , 2011Subaru and Chery to jointly construct new factory in Dalian
Gasgoo.com (Shanghai March 3) - Chery Automobile is to invest 3.66 billion yen ($365.7m) with Subaru to jointly construct a new factory in Dalian, Liaoning, the Beijing Daily reported today. The news, which has been circulating through several Japanese papers, caused stock prices for Subaru's parent company Fuji Heavy Industries to hit 658 yen ($8.037), a new record for the company.
Mar. 12 , 2011TI Automotive starts work on its 8th plant in ChinaMar. 12 , 2011
Jianghuai Auto sees sales rise 13% in February 2011Mar. 12 , 2011