China's vehicle sales increased 16.9 percent year-on-year in September, with the robust growth bringing the total for the first nine months of the year close to that for the whole of 2009.
Auto sales in China rose 35.97 percent from a year earlier to 13.14 million units in the first nine months of this year, the China Association of Automobile Manufacturers (CAAM) said on Oct 12.
Ford Motor Co plans to focus its expansion efforts in China to help catch up with competitors General Motors Co and Volkswagen AG, Bloomberg reported on Oct 11, citing CEO Alan Mulally.
BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Corp, recently opened a shareholding arm in a crucial move to achieve a stock listing in its entirety and boost its own brand name passenger car business.
Dongfeng Motor Corp, China's third-biggest automotive group, recently signed a contract with Taiwan's Yulon Motors Corp to make passenger vehicles on the mainland.
China's old-for-new car program provided 510 million yuan ($76.35 million) in subsidies for vehicle purchases in September, the Ministry of Commerce (MOC) said Saturday.
The China Association of Automobile Manufacturers predicted that vehicle sales would reach 17 million units in China this year, the highest level in the US auto market's history, Beijing News reported on Oct 11.
The number of motor vehicles on China's roads has hit 199 million, including more than 85 million automobiles, according to a statement released by the the Ministry of Public Security on Oct 7.
China's imported auto market continues to flourish with sales of 460,000 in the first seven months of this year. It represents a growth rate of 150 percent compared with the same period of last year.
Chinese automakers recalled a total of 3.94 million vehicles over the past six years, an average of 1,800 units every day, according to a senior official of the country's quality supervision administration.
A new automaker, established Tuesday, plans to manufacture and sell automobiles under the brand name "Beijing", company management said Wednesday.
Billionaire investor Warren Buffett said Tuesday that he is more confident in Chinese electric carmaker BYD following his visit.
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