Manufacturing
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- By David Cao
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Chongqing Changan Automobile Co Ltd. expects its net profit in the first three-quarters of 2009 to increase 133 to 150 percent year-on-year to 800 million yuan to 860 milillion yuan, it said October 13.
Read more: Changan expectes 133% growth in net profit from Jan to Sep
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- By David Cao
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As the first model of Geely Geagle, Panda is going well and provides various models including 1.3L, 1.0L and AT model.
Now Geely Geagle is going to provide Mini Car, AO Sedan, SUV, MPV. But the next production model is SUV.
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We will update the news soon.
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BMW’s recent appearance on China’s 2009-2010 government procurement list has created a stir not only among automotive circles but also the general public.
One website headline reads: “When a civil servant drives a BMW, the government official becomes a newly rich.”
A local analyst aptly points out that the strong reaction reflects two kinds of public sentiment. [...]
Read more: BMW, government procurement, home made and independent brands
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After two years of searching for a new partner so as not to be left out of the express bandwagon of China’s automobile market, Fiat Automobiles SpA finally secured a 50:50 JV deal with Guangzhou Automobile Group Corp. (GAC). And it was also significant that a base agreement was signed in Rome in the presence [...]
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