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Geely Auto, one of leading automakers in China, has developed another nine dealers in the north-western China since August 22, 2016.
Aug. 25 , 2016Some shareholders have resigned as announced by China Jinbei Auto on August 19.
Aug. 24 , 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 , 2016Gasgoo.com (Shanghai) - Midsize sedans are seeing their market share being eaten up by growing luxury vehicle and SUV sales. However, the midsize sedan segment in China still remains considerably large, with competition as fierce as ever. The VW Passat and Magotan continue to lead the market. Despite that, their largest rivals, models from Japanese manufacturers, remain strong contenders. Several Japanese models can be seen in the segment’s top 10 sales chart. However, sales of most Japanese B-class sedan models in the charts have either failed to grow or even decreased.
Aug. 23 , 2016Volvo is planning for its future from all aspects, from concise designing style to energy-saving and emission-reducing products. The widely applicable Drive-E intelligent technology shows its target in future demand, along with its concept in global auto area and product strengths.
Aug. 20 , 2016According to data, there are a total of 14,764 auto companiesin China till the end of 2015, including 547 Hongkong-Macao-Taiwan invested enterprises, 1898 foreign-invested or joint-venture companies. They produced 24.5m units’vehicles in 2015, including 21.08m units’passenger vehicles and 3.42m units’commercial vehicles.
Aug. 20 , 2016