Italian automaker Fiat will recall 1,223 imported vehicles in China's mainland from Wednesday to fix problems that could pose safety risks, China's quality watchdog said Tuesday.
Volkswagen AG's Chinese joint venture began production of its new model of B-class sedan Magotan on Tuesday,according to the relevant sources within the company.
Volkswagen AG unit Audi AG said on Wednesday that it sold 140,699 cars in the Chinese mainland and Hong Kong in the first half, up 28 percent from a year earlier.
General Motors Co, the biggest overseas automaker in China, said its June sales rose in the country, reversing a two-month decline, as customers bought more Buick and Chevrolet passenger cars.
BYD Co Ltd, the Chinese automaker backed by US billionaire Warren Buffet, said it had terminated an agreement to set up a joint venture to provide financing for purchases of automobiles in China.
Central government departments' spending on vehicle purchases and maintenance totaled 6.17 billion yuan ($954.21 million) in 2010, the Ministry of Finance said Monday.
More Chinese customers intend to buy cars from European manufacturers as fewer consider Japanese and domestic Chinese models, according to a study recently released by J.D. Power Asia Pacific.
Japan's Nissan Motor Co recently announced plans to nearly double its market share in China by 2016 as part of its global focus on emerging markets.
Skoda, the Czech unit of Volkswagen Group, says it will produce a new compact car in China in 2013 to expand its local portfolio.
German carmaker Volkswagen recently announced that its two new plants have been approved by the National Development and Reform Commission, the country's top economic planner.
Optimistic about the future of China's auto market, especially the premium compact segment, Daimler AG and its car unit Mercedes-Benz are pushing the accelerator for local R&D and production in the country.
BYD Co, the Chinese automaker part- owned by Warren Buffett's Berkshire Hathaway Inc, surged on its trading debut in Shenzhen on Thursday amid speculation it may benefit from government funding for electric-vehicle development.
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