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China fines GM 201 million yuan for monopolistic pricing
China fines GM 201 million yuan for monopolistic pricing

BEIJING -- China will fine General Motors' joint venture 201 million yuan ($29 million) for monopolistic pricing, state TV reported, ending speculation after an official earlier warned of penalties against an unnamed U.S. carmaker.

Jan. 11 , 2017
Passenger car sales seen to rise moderately in 2017
Passenger car sales seen to rise moderately in 2017

CHINA’S passenger car market is likely to grow moderately in 2017 after hitting a record high last year, as the government has raised the purchase tax, according to an industry report.

Jan. 11 , 2017
2017 Audi New Action in China:Launch More Than 10 New Models
2017 Audi New Action in China:Launch More Than 10 New Models

In 2016, the Audi brand continued leading China's luxury car market with annual accumulative total sales of 589088 vehicles. But in 2017 Audi will continue to face strong pressure of the luxury car market, so in the new year Audi will also strive to

Jan. 10 , 2017
Chinese ride-hailing company Didi invests in Brazilian counterpart
Chinese ride-hailing company Didi invests in Brazilian counterpart

Didi Chuxing, China's largest ride-hailing company, has invested in its Brazilian counterpart 99 in a bid to explore the global market.

Jan. 10 , 2017
Volvo Has 5 New Models on the Way to Break 100K Units
Volvo Has 5 New Models on the Way to Break 100K Units

Volvo has achieved good results in 2016 with its total sales of Chinese market reached 90,930 units, 11.5% increased comparing with the 81588 units in 2015, contributed by its rich products line. In 2017, Volvo will continue to have new products hit

Jan. 10 , 2017
Summary: FAW-VW’s market performance in December
Summary: FAW-VW’s market performance in December

Among the active manufacturers competing in the Chinese automotive industry in 2016, FAW Volkswagen was among the most successful. Despite an increasing number of Chinese cities introducing legislation aimed at controlling traffic congestion and limi

Jan. 9 , 2017