Dongfeng Peugeot Citroen Automobiles (DPCA), the joint venture between Groupe PSA and Dongfeng Motor Group, on September 4 launched the “Yuan” plan to restructure operations, slash cost and boost annual sales.
Sep. 6 , 2019
During the month of August, Toyota faced a rare year-on-year sales downturn in China with its sales driver Corolla hit by a severe decrease. Honda and Nissan still maintained a stable growth.
Sep. 6 , 2019
Chinese EV startup NIO announced on September 5 it would issue and sell convertible notes in an aggregate principal amount of US$200 million to the investors through a private placement.
Sep. 5 , 2019
Mazda Motor (China) Co., Ltd. reported total August retail sales of 17,729 vehicles, a decrease of 20.74% compared to August 2018. Year-to-date sales through August saw a double-digit decline of 25.25%, with 141,125 vehicles sold in China.
Sep. 5 , 2019
Honda posted a year-on-year growth of 5.9% in August deliveries in China, according to the figures offered by the Japanese automaker’s Chinese branch.
Sep. 4 , 2019