Five transport companies in Beijing have agreed to set up a joint venture that will become the biggest taxi company in the city, Beijing Morning Post said. The five include Kowloon Bus of Ho... Read more
China produced 1.049m vehicles in the first four months of this year, 23.1 per cent more than in the same period of last year, according to the National Bureau of Statistics. Passenger car o... Read more
DaimlerChrysler has decided to extend its joint venture with Beijing Jeep for another 30 years, the Financial Times said. The USGerman auto giant intends to invest around US$226m over coming... Read more
Japan’s largest car maker Toyota is in negotiations with First Automobile Works (FAW) to build a new factory to produce a luxury car for the Chinese market, Reuters reported. The new c... Read more
Volkswagen has pledged to bring worldclass standards to its Chinese joint ventures, said Dr Bernd Leissner, president of the German company’s Asia-Pacific operations. Prices of domesti... Read more
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