With car prices down and steel prices up, Nissan Motor announced a cost-cutting plan to build a US$362m engine plant in Guangzhou with partner Dongfeng Motor Corp, aiming to start production... Read more

Honda Motor Co, the no. 3 Japanese automaker, credited brisk China sales for pushing up worldwide sales 3.4m units in 2005, up 8% on 2005. The year marked the first time the company's ca... Read more

The China Banking Regulatory Commission gave the green light for DaimlerChrysler AG to set up an auto finance unit to sell loans to its customers, the automaker said. The company said it exp... Read more

Honda Motor, Japan's first carmaker to make vehicles on the mainland, said sales of its Accord sedans grew only 23%, to 92,870 units, in the first 11 months of 2004, compared with a 60%... Read more