China Economic ReviewChinese consumers bought 1.36m cars in the first four months of this year, with at least 800,000 of them going to private buyers, Xinhua reported. This confirmed the trend noted last year when 60 per cent of cars sold went to private buyers, the first time that the proportion exceeded 50 per cent. By mid-2003 […]
Shanghai Volkswagen, which makes China's most popular cars, is to shift produc-tion of its Santana model to Yizheng, Jiang-su province. The move will free space at its original Shanghai site to make new models such as the Gol, the Touareq sports utility vehicle and the Golf. More than 2m Santana ears have been sold in […]
China's car output reached 158,600 vehicles in May, 8,300 fewer than in April but up 90 per cent from last May, according to Nation-al Bureau of Statistics figures. Production in the first five months of the year soared 105 per cent to 724,200 units. By contrast, output of trucks and buses dropped by 40 per […]
Guorun Geely, the joint venture between Guorun Holdings of Hong Kong and Geely Group, is to start production of a new model targeting the low end of the domestic market, as part of its strategy to introduce a new model each year, South China Morning Post said. Recently approved by the Chinese authorities, the venture […]
Volvo of Sweden has decided to set up a joint venture with the China National Heavy Truck Corp. The venture will produce Volvo trucks at the corporation's facility in Jinan. Shandong province, starting with 2,000 units a year and growing to 10,000 by 2010. Initially, trucks will be sent to China in kit form for […]