Articles Tagged with "New model"

Gasgoo.com (Shanghai July 11) - With the next generation Civic having made its Chinese market debut, Dongfeng Honda is faced with the tricky question of what to do of its stock of old Civics. Dongfeng Honda dealerships have already began offering various incentives, such as loan plans and complete insurance policies, in order to get rid of its inventory.

Mary Bora, the new CEO of General Motor has recently visited China for the first time. Bora said in an interview, in 2016, General Motor’s Join venture in China will invest a total of 11 billion dollars in three fields: products, production capacity and talents. GM China and its Joint venture in China will release 19 all new designed or redesigned models this year, meanwhile the GM international operations will release approximately 20 new designed models in almost one hundred of its jurisdiction of regional markets.

Although Shanghai GM has become top 1 passenger cars manufacturer last year with slim advantage, Volkswagen exceeded GM on total sales in China. This is first time for Volkswagen to become top 1 on total sales instead of GM since 2005. The competition between there 2 giants will be more fierce in 2014.