News
Changan Oversea Sales Aim 400 Thousand, Plans Invest 5 Billion Yuan in 7Years

In the first 10 months of this year, Changan Auto overseas sales have increased 129% over last year. Because that South America auto sales of Changan has exceeded Asian market, Changan takes South America as its key overseas market.

Dec. 17 , 2013
Dongfeng Renault Finally Settle Joint Venture Approve

After 10 years waiting, Dongfeng Renault negotiation finally settled. Dongfeng Renault joint venture project signed contract in Wuhan. Ping XU, chairman of Dongfeng Group, Fushou ZHU, president of Dongfeng, Renault CEO Carlos Ghosn and some other seniormanagement of Renault have present. Both of the companies present big heads to show important of the meeting.

Dec. 17 , 2013
Binbo CHEN Gets Rid of CR-V Dependency: Honda Modularization Following Volkswagen

Honda initials various products advertisement bombing strategy like Volkswagen did in China. According to Honda publishing plan in June, the company will introduce as many as 12 new cars. It is also an allocation test for Honda.

Dec. 17 , 2013
Peugeot board approves 3.5 billion euro capital hike proposal: source

The board of French carmaker PSA Peugeot Citroen (PEUP.PA) has approved in principle a 3.5 billion euro capital increase involving China's Dongfeng Motor Group (0489.HK) and the French state, a source familiar with the situation said on Wednesday.

Dec. 12 , 2013
Mercedes tops Audi in Nov. global sales; BMW defends luxury lead

Mercedes-Benz outsold premium rival Audi last month as a new line of compacts lured customers to the Daimler unit. Mercedes delivered 133,441 cars and SUVs in November, an 11 percent increase from a year earlier. That beat Audi's 132,050 sales, which was a 7 percent rise. BMW brand defended its global premium sales lead by boosting monthly volume 3 percent to 149,663 vehicles, the automaker said in a statement today.

Dec. 12 , 2013
China Auto Export Decreases 7.35% over Last Year

China auto export in the first 10 months this year is 893.7 thousand, which has decreased 7.35% over the performance of last year. Passenger car exports 548.6 thousand, which has decreased 9.63%, and commercial car exports 345.1 thousand, which has decreased 3.5%.

Dec. 12 , 2013