Guangqi Honda Automobile Co, Ltd, will recall 156,302 vehicles sold in China as of Feb 25 due to motor defects, according to the website of the General Administration of Quality Supervision, Inspection and Quarantine on Thursday.
Growth of retail sales of consumer goods in Beijing may slow down in 2011 as car retail sales may decrease by 60 billion yuan due to the license plate lottery, caijing.com reported, citing a preliminary estimation by the Beijing municipal commission of commerce.
Ford Motor Co may build a new car plant in northern China after its three-way car venture splits into two separate entities, a newspaper said on Wednesday.
Chery Automobile, China's largest automobile exporter, said Tuesday its global monthly sales reached a record high of 86,299 vehicles, an increase of 17.52 percent over the same month last year.
With the approval of the Shanghai municipal government, Ding Lei, vice president of the Shanghai Automotive Industrial Corporation (SAIC) and chief general manager of Shanghai GM, will leave Shanghai GM and step in as board chairman of the Shanghai Zhangjiang Hi-tech Park Development Company, the 21st Century Business Herald reported Tuesday.
General Motors will continue "investing aggressively" in the world's biggest auto market, according to the company's top executive.
General Motors Co (GM) plans to introduce more than 20 new and upgraded models in China over the next two years, the Reuters reported Tuesday.
Shanghai Automotive Industry Corp (SAIC), the parent of China's largest domestic automaker, may list all of its operating assets and is studying several options to do so, said two people familiar with the company's plans.
Passenger vehicle sales in China continued to surge in January, registering a 15 percent increase over the same month last year. Analysts said that strong demand in the second- and third-tier cities has offset stagnant sales in big cities because of the policy limitations.
Shanghai General Motors Co will recall 2,806 imported Cadillac CTS vehicles in China to repair faulty track bars to prevent safety risks, China's quality watchdog said on Monday.
Despite the expiration of government incentive programs to fuel auto sales, General Motors set an all-time sales record of more than 268,000 vehicles delivered last month in China, an increase of 22 percent over a year earlier.
Shanghai Automotive Industry Corp, the parent of China's largest domestic automaker, may list all of its operating assets, the Bloomberg News reported on Monday, citing two people familiar with the plan.
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