Bharat Forge Ltd, India's biggest automotive forgings maker, expects its China venture to post an annual profit for the first time since it began four years ago, Bloomberg News reported Thursday.
Christoph Stark has the same polished appearance as many Western CEOs. But it is when he talks in fluent Chinese - not only everyday speech but also business and even philosophical musings - the 56-year-old German really begins to impress.
Beijing is expected to release a package of detailed rules on Thursday to ease its growing traffic gridlock, including axing new car license plates from next year.
Beijing to limit new car plates to 240,000 annually
The 8th China (Guangzhou) International Automobile Exhibition, one of China's top three auto shows, is underway in the southern metropolis from Dec 21 to 27.
Shanghai General Motors Co has decided to recall some of the imported sedans sold in China to fix faulty sensor pads that could lead to front seat passenger air bags failing to operate in a crash.
Hyundai Motor Co, South Korea's largest carmaker, raised its 2010 vehicle sales forecast for China, saying new models may help boost deliveries in the country to more than 700,000 units.
Auto sales in China may outstrip the US for a third consecutive year in 2011 as the world's largest carmakers Toyota Motor Corp, General Motors Co (GM) and Volkswagen AG estimate sales will grow by as much as 15 percent, Bloomberg News reported Monday.
Guangqi Honda Automobile Co Ltd, a Chinese joint venture between Japan's Honda Motor and Guangzhou Automobile Group, will begin selling its Everus brand in the first half of 2011, Reuters reported Monday, citing the company's executive vice-president Yao Yiming.
Top Chinese automaker SAIC Motor Corp Ltd is on schedule to manufacture and sell its MG 6 sedan in Britain in the first quarter of next year, Reuters reported Monday, citing the company's president.
Hong Kong-listed Guangzhou Automobile Group Co Ltd (GAC), China's No 6 domestic automaker, is considering an A-share listing next year, Reuters reported Monday, citing GAC's president.
Volkswagen AG expects its group sales in China to grow 10 to 15 percent next year as the pace of growth slows in the world’s biggest auto market, Bloomberg News reported Monday.
Ford Motor expects its China car venture to sell a record 305,000 Ford brand vehicles this year, up 32 percent from a year earlier, Reuters reported Sunday, citing a senior company executive.
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