Shanghai Automotive Industry Corporation (SAIC) announced it was restructuring its assets into a new holding company as a prelude to an offshore share listing. In a statement to the Shanghai... Read more
Profits for Chinese carmakers dropped by 7.9% in the first three quarters of 2004, their first fall in six years according to official government figures. Profits for Q3 2004 fell 33.6% from... Read more
Dongfeng Peugeot Citroen announced it was cutting the price of its 307 model by RMB20,000 (US$2,400) in an effort to boost flagging sales. The JV between China's Dongfeng Motor Corp. and... Read more
Shanghai GM has started recalling 27,168 of its Buick Regal 2.0 models made between December '02 and October this year to fix defective vacuum hoses. The company said vibration can loose... Read more
Zhongda International Holdings said it had formed a RMB23m (US$2.77m) joint-venture company called Zhongda Emei Coach Manufacturing with Sichuan Bus Manufacture to make and market buses. Off... Read more
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