Chinese carmaker Jianghuai Automobile Co plans to raise a maximum of 2.8 billion yuan ($426 million) through the issue of new shares, the company said on Friday.
The country's largest car rental agency, China Auto Rental Ltd, halted all taxi services starting Thursday, two days after its primary competitor eHi was denounced on national television for profiting from the lucrative business that violate laws.
The capital's municipal government will spend about 40 million yuan ($6.1 million) on new official vehicles this year, Beijing News reported on Wednesday.
China's Nanfang Space Navigation plans to raise 3.17 billion yuan ($482.4 million) through the issue of new shares, it said on Thursday.
Great Wall Motor Co, China's largest maker of pickup trucks, said profit more than doubled last year as government incentives stoked demand for vehicles.
China's quality authority warned buyers on Wednesday against a defect in Ford's Windstar minivans which may cause drivers to lose control of the vehicle.
The charging network for electric vehicles (EVs) has been expanded to cover all 18 districts in Hong Kong, said Hong Kong's Financial Secretary at an EV publicity event Tuesday.
BYD Co Ltd, a Chinese carmaker backed by US billionaire investor Warren Buffett, expects its auto sales to rise up to 15 percent in 2011, in line with the market.
The operation of Japanese automakers in China won't be affected in the short term even as their domestic production is halted in the aftermath of Friday's severe earthquake and tsunami, automakers said on Monday.
Volkswagen has an enviable position in China's modern automotive history - it was the first global brand to enter the country and it did so when other automakers considered that a risky move.
The central government will spend 100 billion yuan ($14.87 billion) over the next decade to support development of new energy and energy-saving vehicles in China, according to Miao Wei, head of the Ministry of Industry and Information Technology.
Beijing will apply a stricter emission standard for the city's five million motor vehicles next year to reduce automobile exhaust, the biggest source of air pollution in the Chinese capital, an environmental official said Saturday.
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 
