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Carmakers counting cost of China slowdown

General Motors Co’s US$5 billion initiative to create cars for China and other emerging markets comes just as carmakers face a collapse in the booming Chinese demand they were counting on to power their...

July 30, 2015, Thursday


GM to invest US$5b to develop new Chevrolet cars with SAIC

General Motors Co yesterday said it will invest US$5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in...

July 29, 2015, Wednesday


VW rules as world’s largest carmaker

VOLKSWAGEN overtook Toyota as the world’s largest carmaker by sales in the first half of this year, achieving its long-held ambition three years ahead of target. But staying on top will be a challenge ...

July 29, 2015, Wednesday


Mercedes-Benz recalls cars over faulty fuses

GERMAN car maker Mercedes-Benz will recall 150 imported vehicles in China on July 31 to fix a fuse problem, China's top quality supervisor said. The General Administration of Quality Supervision, Inspection ...

July 25, 2015, Saturday


FCA files to float Ferrari in New York

The maker of Italy’s iconic Ferrari sports car yesterday officially filed with United States regulators its plans to launch an initial public offering on Wall Street, parent company Fiat Chrysler Automobiles...

July 24, 2015, Friday


GM’s net income doubles in 2nd quarter

General Motors Co yesterday said its adjusted net income more than doubled in the second quarter, driven by North American truck sales and continued strength in China....

July 24, 2015, Friday


China’s carmakers, consumers to get big incentives for going green

China is preparing a new scheme to encourage carmakers and consumers to use electric and hybrid vehicles, learning lessons from California’s efforts to promote a similar switch, the head of a major state-owned...

July 24, 2015, Friday


Audi swaps heads

VOLKSWAGEN’S Audi division will replace the head of its Chinese operations as the luxury carmaker grapples with an accelerating sales decline in its key market. Dietmar Voggenreiter, who has led Audi’s ...

July 23, 2015, Thursday


Volkswagen China car sales hit by slowdown

China, the world’s biggest auto market currently in the throes of slowdown, has become a drag for Volkswagen, which had set a target to outsell Toyota, the world’s biggest carmaker by sales volume....

July 21, 2015, Tuesday


Shanghai car plate success rises

THE success rate of Shanghai's monthly car plate auction rebounded today, to 4.5 percent, after the price ceiling  moved up to keep up with the level of intense competition. On top of a 1,500 yuan hike ...

July 18, 2015, Saturday




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