China overtook the United States as the world's largest vehicle market in 2009 and has also become the growth engine for global luxury car brands.
Hubei-based Dongfeng Motor Corp, one of China's top-four auto groups, reported year-to-date sales of 2.28 million vehicles by Nov 21, meeting its full-year goal 40 days ahead of schedule.
Lifan Industry Group Co became the first non-State-owned automaker to be listed on the A-share market when its shares began trading on the Shanghai Stock Exchange on Nov 25.
Ford Motor is adding 100 dealers in China this year, mostly in smaller cities in inland provinces, its Asia chief said.
Beijing saw 18,000 new cars, or about 2,571 per day, on roads in the past week, said sources with Beijing Traffic Management Bureau Wednesday.
Shares of Lifan Industry (Group) Co, which raised 2.9 billion yuan ($437 million) in an initial public offering, will make their trading debut in the Shanghai Stock Exchange on Thursday.
General Motors Co and its Chinese partner SAIC Motor Corp Ltd plan to have more than 100 dealerships ready in China for its newly-created Baojun brand before the first car hits the market in the first half of next year, a senior GM executive said on Tuesday.
AutoChina International Ltd, which sells and leases commercial vehicles in China, posted third-quarter sales which missed estimates, partly hurt by a decline in demand for heavy trucks, and cut its 2010 earnings outlook.
General Motors, the biggest overseas automaker in China, unveiled its first car under its newly created Baojun brand on Monday, as it steps up expansion in 3rd- and 4th-tier cities that are becoming its main growth driver in the world's largest auto market.
Shanghai General Motors Co Ltd's auto sales may reach 1.02 million units -- a new high -- this year, China Business News reported Monday.
"Golden September - silver October" is often how the two months are known because of their high automotive sales.
Competition will become so acute in China's fast-growing premium car market, price cuts are likely over the long term, according to a top China executive from Germany's BMW Group.
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 
