China has launched a special campaign to regulate the use of public funds for government vehicles, in a bid to reduce unnecessary public spending in this area.
When Geely Auto snapped up the Swedish carmaker Volvo last year in what was to be China's largest auto acquisition, the uneasy marriage might have best been described by the old Chinese saying: "Same bed, different dreams".
Toyota Corp will resume operations in China in June, two months earlier than expected, Toyota Motor (China) Investment Co announced on Wednesday.
Auto sales in China may continue to grow slowly this year through the second quarter before rising in the second half, said Wang Dazong, president of Beijing Automotive Industry Holding Co.
The German carmaker, Volkswagen AG, will launch electric cars in China under its new 'Kaili 'brand in conjunction with FAW Group, as it joins other foreign players in the race to develop the fledgling sector.
The price of Chinese-made vehicles fell 1.11 percent in April from a year earlier, and declined 0.15 percent from the previous month, according to a statement on the website of the National Development and Reform Commission on Wednesday.
The Japanese carmaker Toyota Motor Corp said fourth-quarter profit fell 77 percent after Japan's record earthquake disrupted production and crimped domestic sales.
Toyota will resume operations in China in June, two months earlier than expected, Toyota Motor (China) Investment Co announced Wednesday.
China's quality control authorities said 6,599 Ford Mondeo-Zhisheng automobiles with defective power cables will be recalled starting Wednesday.
BYD Co Ltd, the Chinese carmaker backed by Warren Buffett, has won regulatory approval for a share sale on the Shenzhen Stock Exchange to fund its expansion in the world's biggest vehicle market.
New data show that China's sluggish automobile market continued its recent downturn in April. Growth in passenger vehicle sales slowed to 1.3 percent year-on-year, the lowest level for more than two years.
BYD gets OK for Shenzhen share sale
China produced 6.43 million vehicles during the first four months of this year, up 5.09 percent from one year earlier.
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