Auto sales continued to increase rapidly in the first ten months of 2003. From January to October, sales of passenger cars rose 68 percent year-on-year to 1.6 million units. The top two comp... Read more

GM Shanghai, a joint venture of US-based General Motors, announced that it will start to sell its first China-produced sport utility vehicle (SUV). The GM Spark will be sold in 14 cities in... Read more

Shanghai Automotive Industry Corp (SAIC), one of China's largest automakers, announced plans to build a new production plant in Shanghai's suburban Nanhui District. The plant will be... Read more

The China Banking Regulatory Commission (CBRC) issued follow-up rules detailing regulatory requirements and procedures for the establishment of auto financing companies. These companies are... Read more

BMW said that it more than doubled its sales in China in the first 10 months of 2003. The world's No 2 luxury carmaker, sold 11,800 cars in China, including 900 BMW 3-Series cars made in... Read more