Volkswagen announced that its leading China venture, Shanghai Volkswagen, sold more than 10% fewer cars in 2004 than in 2003. A company executive told Reuters that 355,000 cars were sold las... Read more
US-based Visionary Vehicles said it had agreed to forming a partnership with Chinese auto manufacturer Chery to design, build and import low-cost Chinese-made cars into the US market. The co... Read more
Quoting company sources, Reuters said Japan's Mitsubishi Motors agreed to buy part of China Motor's 50% stake in Southeast Fujian Motor, a Fuzhou-based joint venture with Fujian Moto... Read more
Bloomberg reported that Shenyang-based BMW Brilliance Automotive, BMW's first joint venture in Asia (with Brilliance China Automotive Holdings), will recall 1,685 BMW 5-series cars to fi... Read more
German car parts maker Robert Bosch said it will invest 550m (US$736m) over three years to expand manufacturing activities in Wuxi and Suzhou. The company said it would also spend ?30m on TV... Read more
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