General Motors will invest $5 billion to $7 billion over the next five years in China, aiming to double its sales to 5 million units by 2015.
China is the global driving force for premium luxury cars as consumer enthusiasm fuels sales, industry experts said.
Transport authorities said on Sunday that the recently introduced traffic control measures in Beijing have eased congestion and that the average time spent in traffic during the past three months was reduced by about one hour. But, many drivers say the congestion is still as bad as before.
China's car sales are expected to continue their upward trajectory in the coming years through a combination of organic demand, "indigenous brands" built with foreign joint-venture partners and increased ownership by drivers in smaller towns and cities.
French carmaker PSA Peugeot Citroen hopes to increase its share in the Chinese market to 8 percent by 2015, the company's CEO Philippe Varin said Monday in Shanghai.
Volvo (China) Investment Co Ltd will recall 82 of its imported trucks on the Chinese mainland starting on Friday due to defects in their steering system, China's quality watchdog said on Friday.
A Chinese expert told Xinhua on Tuesday that the largest barrier in developing new-energy vehicles is convincing customers to view them as a safe, practical and cost-effective substitute for traditional cars.
Increase in charges fuels a rethink, Hu Yongqi and Li Jing in Beijing and Wu Yiyao in Shanghai report.
China's top automaker SAIC Motor said on Tuesday its auto sales in March rose 6.1 percent from a year ago.
Sales of Mercedes Benz cars in China will likely rise more than 20 percent year on year in 2011, outpacing the overall market, a senior Daimler AG executive said on Monday.
BEIJINGChina's passenger-car sales may grow at a slower pace this year than was earlier estimated by a group of the nation's automakers after the government ended incentives for purchases and raised fuel prices.
With so many irons in the fire of China's red-hot economy, the German automaker Daimler AG takes its strong performance last year as a sign of great things to come.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
