China Economic ReviewBMW 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 the city of Shenyang. The Shenyang plant has the capacity to produce as many as 30,000 3-Series and 5-Series […]
Hyundai Motor, South Korea's largest carmaker, announced it plans to start construction on a plant near Beijing to produce 600,000 cars annually by 2007. The factory will be Hyundai's second Chinese plant after it set up a 50:50 JV last year with Beijing Automotive Industry Holding to produce passenger cars. The plant in Beijing has […]
Local officials in Jiangsu province said that plans for a JV with British carmaker MG Rover had been held up by the central government's desire to limit new production capacity. The government was expected to publish a new policy before the end of 2003 that would maintain a ceiling of 50 percent for foreign investment, […]
The first lawsuit involving a foreign car manufacturer since China's entry to the WTO ended with a Beijing court ruling in favor of local Zhejiang-based carmaker Geely. The court rejected Toyota's claim, which accused Geely of using a similar logo to the Japanese carmaker's and asked for compensation of RMB 14 million (US$1.7 million). The […]
The first lawsuit involving a foreign car maker since China's accession to the World Trade Organization has been dismissed by a Beijing court. Toyota Motor Corp said it regretted the court's decision to throw out the trademark infringement lawsuit it had filed against Chinese auto manufacturer Geely Group. Toyota was suing Geely for RMB 14 […]