Recently, major global auto giants have released their Q2 financial reports, covering revenues, profits and other items. The following part will give a brief introduction on such companies’ performances.
Aug. 28 , 2016Teng Tieqi, deputy general manager of FAW, one of leading automaker in China, is likely to be new general manager of the company, according to media in the country.
Aug. 28 , 2016Benz officially launches its new E-class car into market on August 22th. Based on the successful C-class vehicle, new E-class car is placed high hopes by the market. However, new E-class car has to face an embarrassing situation that luxury C-class car market is stuck in a bottleneck and encounters a decreasing market share.
Aug. 25 , 2016On the night of August 21th, FAW Xiali released an Announcement of Suspension of Trading in relation to material asset restructuring by the Board, in which the company plans to sell 15% shares of Tianjin FAW Toyota Motors (TFTM) to its controlling shareholder, FAW Group. It’s expected that a total of RMB 2.5b will be obtained and increase FAW Xiali’s current profit. FAW Xiali still holds 15% shares of TFTM after the asset transfer. The trade is expected to form a material asset restructuring, and the company stock will face a suspension of trading from August 22th.
Aug. 24 , 2016SAIC YueJin， the second commercial vehicle subsidiary of SAIC Group in China, may be established in November of this year.
Aug. 24 , 2016With the fast development of Chinese passenger vehicle market since 2001, C-NCAP once became the great selling point of most domestic passenger vehicles. Auto companies were also proud of their high scores in C-NCAP impact test, giving customers impression that only five-star scores were safe enough. To be fair, C-NCAP helps a lot in driving up auto industry. Many impact experts said that, “C-NCAP offers obvious help in improving auto companies’ self-disciplines and safety technologies. “
Aug. 24 , 2016