Don't have an account yet? Get FREE 7-Day Trial
June 4 – China's automobile imports totaled 372,450 units in the first four months, including 364,229 passenger cars, up 21.6% and 21.8% year on year respectively, customs figures show. Vehicles with an engine smaller than 3.0L made up 82.4% of total auto imports.
May 28 – The Chinese government is working on a round of policies for the slowing auto market, including subsidies to spur purchases, people with knowledge of the issue told Reuters. Cars with smaller displacements or environmentally friendly technologies and car-buying farmers will be subsidized, according to the source.
May 10 – Vehicle sales in China totaled 1.62 million units in April and 6.42 million units in the first four months of 2012, up 5.2% and down 1.3% respectively from the same periods a year ago, the China Automobile Manufacturers Association said.
April 24 – General Motors Co (NYSE: GM) plans to add 600 dealerships in China this year, about a 20% increase, the Wall Street Journal reported, citing CEO Dan Akerson. The addition would bring the company's dealer network in China to 3,500 stores, up from 2,900 at the end of 2011.
April 24 – Toyota Motor Corp (NYSE: TM) aims to begin manufacturing hybrid cars in China by 2015 at the earliest, Toyota China vice president Dong Changzheng said.
April 23 – China's rapid industrialization and urbanization will help auto sales total 30 million units per year by 2015 and 40 million units per year by 2020, the China Association of Automobile Manufacturers predicted.
April 20 – Changan Ford Mazda Automobile Corp, one of Ford Motor Co's (NYSE: F) joint ventures in China, said it will invest $760 million building a plant in Hangzhou, Zhejiang's provincial capital. The announcement came just after news of the joint carmaker's plan to build a $600 million plant in Chongqing. The two new plants are expected to lift Changan Ford Mazda's annual capacity to 1.2 million units.
@2011 China Economy @ The China Perspective.
HOME
