Market & Industry
Automobile sales fall again in May

Gasgoo.com (Shanghai June 2) - After a continuing downturn in sales in April, the Chinese automobile industry fell back even further in May. Monthly sales of passenger cars, which totaled just over 850 thousand units, fell 11 percent from April, and was 1 percent lower than last May's figure.

Jun. 3 , 2011
Cooperation between Changan and PSA gains government approval

Gasgoo.com (Shanghai June 1) - Cooperation between Chongqing Changan Automobile and international giant PSA Peugeot Citroën has gained the National Development and Reform Commission's approval last week, 21cbh.com reported today. Officials within PSA said that although they believed the deal would go through, they were surprised at the speed with which the NRC gave its approval.

Jun. 2 , 2011