According to the Top 30 companies in China’s auto industry in 2015 announced by China Machinery Industry Federation and China Association of Automobile Manufacturers jointly, SAIC tops the chart with its revenue totaling 1.2 trillion yuan, while FAW and Dongfeng Group rank No.2 and No.3 respectively.
May 27 , 2016GAC Group, the sixth largest auto group in China, had thrown RMB 7.8b into the buyout of GAC Gonow, GAC Hino and GAC Changfeng, but unforeseen circumstances interrupted the plan.
May 27 , 2016Last week, Resignation of Fu Qiang, previous CEO of Volvo China, shocked automakers in China. There may be an increasing number of senior managers of automotive corporates to resign in the future, reportedly.
May 27 , 2016According to Internet Information Agency, besides domestic and JV brands, most luxury auto brands in Chinese market, including Mercedes-Benz, BMW and Audi, have also back on the fast track of sales growth again in the first 4 months of 2016, compared against the same period of 2015.
May 25 , 2016