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| Friday, September 05, 2008 23:52:23 |
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July 16,2008
Auto sales in China slowed slightly over the first half of the year amid rising oil and raw material costs and the disruptive effects of snowstorms and the devastating Sichuan earthquake. But the country still outperformed any other global market and gave hope to the world’s automakers, Xinhua writes
May 14,2008
Rising raw materials costs are putting pressure on automakers to increase prices or go bust. But low consolidation in the industry means it is still a buyer’s market, Shanghai Securities News reports
February 28,2007
The growth of production and sales of passenger vehicles will continue an important strategy for mainland automotive industry leaders in 2007. Dongfeng Honda and Guangzhou Toyota are among the companies that can expect greater-than-average growth this year.
January 26,2007
The China Auto Industry Association (CALA) has released the latest statistics on China's ever-growing auto industry. In 2006, China's total auto production rose 27.32% to 7.279 million units, while sales volume jumped to 7.216 million units, a 25.13% increase from the previous year. While overall consumption is expected to retain double-digit growth, the sedan is likely to outpace the average. October 18,2006
Ford Motor Co.'s Chinese partner, Changan Auto Co. Ltd., said on Wednesday it expected a 146.32 percent jump in third quarter net profit from a year earlier, Reuters reported.
August 23,2006
Changan Auto Co. Ltd., China's fourth-largest vehicle maker, reported a 48 percent jump in net profit in the first half, boosted by brisk sales at its venture with Ford Motor Co., Reuters reported.
August 14,2006
Chinese auto brands have come up with reforms and strategies to deal with the upcoming challenges from foreign competitors and opportunities of an expanding market, Sohu News reported.
July 17,2006
HSBC has launched customdian services for Mainland commercial banks that are eligible to provide overseas welath management servcies undre the Qualified Institutional Investor (QDII) scheme, Forbes reported.
July 09,2006
The Bank of Communications is the pioneer to define “individual housing” as the first housing of the mortgage bearer with architectural size within 90 sq. meters, reports China Economic Net.
July 09,2006
Changan Ford has produced 140 Volvo S40 in the month of June, though the company claims that there is still no fixed schedule for the new model to be launched in Mainland Market, according to Xinhuanet.
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