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Business / Latest Motoring News

Dealerships seek $153m from Chrysler joint venture

[2016-02-01 15:23]

Chamber says automaker failed to offer solution after complaints of losses and soaring inventories

Auto maker Chery expands presence in Middle East

[2016-02-01 10:10]

Mirza Sadegh and a dozen of his fellow Iranians are attending a 25-day training course at the headquarters of China's leading car producer, Chery Automobile, in Wuhu city, Anhui province.

Volkswagen recalling 2,120 SUVs over fire hazard

[2016-01-30 10:51]

Volkswagen will recall 2,120 Touareg SUVs in China over fire risks, said the country's top quality watchdog on Friday.

Tencent-backed startup attracts big names in auto industry

[2016-01-29 16:13]

Harmony Futeng, a company backed by Tencent, said that Carsten Breitfeld will take the role as chief executive officer and Daniel Kirchert as chief operating officer of its 'Internet Smart Electric Car' enterprise.

Racing car designed for public roads prepares to wow China

[2016-01-29 08:00]

The BAC Mono makers are convinced the car will become the ultimate 'big boy' accessory among young cosmopolitan executives in China's big cities.

Top 10 best selling cars on Chinese mainland 2015

[2016-01-28 07:00]

SAIC Motor Group's joint ventures made six out of ten best selling automobile models last year in China. SAIC GM Wuling's Hongguang, launched in 2010, was crowned again for a fourth consecutive year the best selling autmobile.

Dongfeng Infiniti appoints new president

[2016-01-27 20:28]

Gaby-Luise Wuest was appointed president of Dongfeng Infiniti Motor Co on Wednesday to replace Daniel Kirchert "who has decided to leave the company to pursue other opportunities", said premium automaker Infiniti.

Kia Motors' Q4 profit rises on strong new models sale

[2016-01-27 15:40]

Kia Motors said Wednesday that its fourth-quarter operating profit rose on the back of strong demand for its new models of sedan and sports utility vehicle.

New energy vehicle subsidies in spotlight as ministries launch probe

[2016-01-27 13:51]

A ministry-level nationwide investigation is set to be launched into fraudulent subsidies of new energy vehicle manufacturers, the Ministry of Finance said on Monday.

CMB eyes mobile payment market, allying with Didi Kuaidi

[2016-01-27 07:27]

China Merchants Bank has teamed up with the ride-hailing major to provide auto financing and expand its reach in the mobile payment industry.

Hyundai Motor's profit falls to 5-year low despite record sales

[2016-01-26 16:42]

Hyundai Motor, South Korea's top automaker, posted the lowest operating profit in five years as sales fell in China.

China's car ownership reaches 172 million

[2016-01-26 14:23]

In 2015, 23.85 million new cars were registered in China, taking car ownership up to 172 million, according to the Ministry of Public Security.

Infiniti's Kirchert leaving for smart car venture

[2016-01-26 09:35]

Premium carmaker Infiniti's China head, Daniel Kirchert, is resigning this week and will join a startup smart electric car venture backed by Internet giant Tencent Holdings and Foxconn Technology Group, sources said on Tuesday.

Delivery business fuels demand for electric vehicles

[2016-01-25 14:58]

Growth in demand for home deliveries will boost the electric vehicle industry domestic express delivery companies are using more such vehicles in their fleets.

BMW gears up for growth with new engine plant in Shenyang

[2016-01-25 11:19]

BMW Brilliance Automotive entered a new phase of local production on Friday as its new engine plant in Shenyang started production of the automaker's latest turbocharged engines.

Critics not optimistic Qoros will meet ambitious targets

[2016-01-25 11:15]

Qoros' new leadership released a series of ambitious plans half a month after its CEO resigned, though experts expressed doubt that the sweeping changes will turn things around for the company.

Lexus' golden rule in China focuses on quality, brand

[2016-01-25 10:54]

Toyota Motor Corp's luxury brand Lexus is not banking on domestic production to propel business in China despite the fact that its competitors, such as Audi, BMW and Mercedes-Benz, have seen sizable volume growth by relying on locally produced autos over the past decade.

BAIC BJEV announces ambitious 5-year plan

[2016-01-25 10:42]

BAIC Group's electric car making arm, Beijing Electric Vehicle Co, has announced its five-year plan for developing new-energy vehicles, after topping the domestic new-energy vehicle market in terms of volume.

China Probes NEV sector for subsidy fraud

[2016-01-25 10:41]

China's central government launched a fraud investigation on Thursday of the new-energy vehicle sector, with the probe to cover government bodies, manufacturers and business customers, after industrial insiders warned of subsidy fraud.

China to tighten checks on subsidies for new-energy vehicles

[2016-01-25 08:07]

China's finance minister said some new-energy vehicle producers have relied too much on government subsidies, noting subsidy-related fraud will be punished severely.

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