China Economic ReviewFollowing the unravelling of its deal with China Brilliance Holdings, British car maker MG Rover is holding talks with Geely, a privately-owned domestic car maker, about setting up a joint venture to produce cars for the Chinese market, the Financial Times said. Geely is based in Ningbo, Zhejiang province, where the proposed joint venture with […]
Shanghai Automotive Industry Corp has raised its output target for this year to 500,000 units from 460,000 units. SAIC, which has joint ventures with Volkswagen and General Motors, sold 410,000 units in 2002. The target increase followed good results in the first four months of 2003, with sales in April alone rising 33 per cent […]
A recent surge in passenger car sales has benefited China's sprawling auto industry, but a rationalisation of the sector remains inevitable. According to official statistics, both sales and output of domesticallymade passenger cars in 2002 were in excess of 50 per cent year-on-year to 1.1m units. This is compared with fewer than 50,000 units in […]
Since the late 1990s, independent English language listings magazines have flourished in Shanghai and other major mainland cities. Now, their days could be numbered.
Mitsubishi Motors and its principal shareholder DaimlerChrysler are expanding their joint dealerships in China. The two partners plan to open 120 outlets by 2005, three times the current number. They will sell a variety of models, especially DaimlerChrysler minivans and Mitsubishi sport-utility vehicles. Mitsubishi Motors' Japanese rivals are all increasing their dealership presence in China. […]