Brilliance China Automotive Holdings, which has a joint venture production agreement with BMW, has slashed its sales targets and vowed to cut costs in the face of plunging sales figures. Cha... Read more
KPMG said parts makers have been pushed into bankruptcy or near it as big car makers, faced with slower sales, demanded component price cuts averaging 10%. In its industry survey, KPMG also... Read more
Despite model shortages in its lineup and increasing competition from General Motors and other carmakers, Volkswagen said it was confident it would maintain its 30% market share in China... Read more
Growth forecasts for China's automobile industry output in 2004 have been cut by more than half in the face of sluggish domestic car sales. The National Bureau of Statistics adjusted its... Read more
Toyota announced a joint venture project to build hybrid gasoline-electric vehicles with FAW Group at a plant in northwestern China. Production of Toyota's Prius hybrid cars is expected... Read more
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