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News that “Dongfeng Motor” will sell 51% shares of Zhengzhou Nissan to its controlling shareholder comes around at the end of its two-month suspension period.
May 5 , 2016With sales of cars having reduced, FAW in China suffered another decrease in the revenue and the net profit in the first quarter in 2016.
May 5 , 2016Gasgoo.com (Shanghai May 4th)- Whether to decrease proportion of shares held by Chinese partners when establishing automotive joint ventures in China has sparked debates in this country recently.
May 4 , 2016Supported by LETV “ecologization” tactics, Yongche witnesses share reversion in a short time.
May 4 , 2016Gasgoo.com (Shanghai) - Sedan sales in China fell 9.5% during the first quarter of this year, statistics from Gasgoo.com (Chinese) show. That rate is a lot less favorable than the 8.9% growth the market as a whole has been able to achieve over the same time period. At the same time, sedans’ market share also fell 10.5 percentage points to just 51.5%.
May 3 , 2016Gasgoo.com (Shanghai) - According to statistics from Gasgoo.com (Chinese), a total of 5.45 million passenger automobiles were sold in China over the first quarter of the year. The figure represents stable year-on-year growth of 8.9%. However, foreign brand passenger automobiles have failed to meet the market level of growth; only 3.14 million foreign brand passenger automobiles have been sold in the first quarter of the year, representing year-on-year growth of 3.5%. Own brands’ market share has fallen from 60.5% in the first quarter of last year to 57.5% this year.
May 3 , 2016