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Chinese billionaire Dong Mingzhu and Wang Jianlin became shareholders of Zhuhai Yinlong; add 3bn to make cars
Chinese billionaire Dong Mingzhu and Wang Jianlin became shareholders of Zhuhai Yinlong; add 3bn to make cars

Mrs. Dong Mingzhu, Beijing Yanzhao Huijin International Investment Co., Ltd, Wanda Group of Dalian city, Jiangsu Jingdong Bangneng Investment Management Limited and 5 units or individuals possessed 22.388% equity stake of Zhuhai Yinlong in total.

Dec. 16 , 2016
CAAM: Policies will decide market growth in the next year
CAAM: Policies will decide market growth in the next year

If the purchasing tax halving policy for vehicles with engines no larger than 1.6L continues, the market sales will reach 29.68m units with a growth of 6% in 2017 compared with 2016

Dec. 15 , 2016
China will Punish for American Automobile Manufacturers’ Monopoly? This is the Response of the Foreign Ministry
China will Punish for American Automobile Manufacturers’ Monopoly? This is the Response of the Foreign Ministry

On December 14, foreign ministry held a regular press conference., according to the news on the foreign ministry website, a reporter asked questions at the meeting: "it is reported that the national development .

Dec. 15 , 2016
Ghosn poised for third salary after being confirmed as Mitsubishi chairman
Ghosn poised for third salary after being confirmed as Mitsubishi chairman

TOKYO -- Nissan and Renault CEO Carlos Ghosn is set to receive a third salary after Nissan-controlled Mitsubishi Motors today approved his appointment as its chairman, along with a tripling in compensation for board members.

Dec. 15 , 2016
Volvo says it has no immediate plans for IPO
Volvo says it has no immediate plans for IPO

STOCKHOLM -- Volvo Cars says it has no immediate plans for an initial public offering after a newspaper reported today that the automaker was considering a listing next year.

Dec. 15 , 2016
Foreign Ownership Remains Limited in New Auto Regulation
Foreign Ownership Remains Limited in New Auto Regulation

China has made no change to the controversial stake cap applied to foreign automakers in its latest investment guidance, but analysts said this might not be a bad thing, at least for now.

Dec. 15 , 2016