Industry
BYD in need of recharge, analysts say
Chinese car and battery manufacturer BYD Co is reporting an 89 percent fall in first-half net income due to sluggish sales. The Shenzhen-based company...
GM cuts prices to maintain lead in Chinese market
General Motors Co (GM) is sacrificing profit margins to maintain market share in China, cutting prices of low-cost minivans by as much as 15...
Volkswagen to Export the Beetle from Mexico to China
The third generation of the iconic VW Beetle will go on sale in the US in October, and the markets around the world will...
Mercedes-Benz China sales Down in July
Mercedes-Benz says China sales totaled 14,470 in July, down 14.5% from June. Mercedes-Benz's China sales in the first seven months are up 50% from...
China’s BYD to raise up to $939 mn in bond sale
Chinese car maker BYD, which is backed by US investment titan Warren Buffett, said Friday it plans to sell up to six billion yuan...
Volvo S60 and XC60 to be made in China
The Volvo S60 sedan and XC60 SUV will be made in China. They will be the first Volvo's to roll off the the line...
BYD shares plummet, spotlight falls on Buffett
BYD Co’s profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the...
Hertz to start electric vehicle rental program in China
Global vehicle rental giant Hertz Corp announced plans on Wednesday for an electric-vehicle (EV) rental business in China, the first overseas car rental company...
China’s Dongfeng Motor plans to invest in Turkey
The Chinese automotive company Dongfeng Motor, or DFM, plans to invest in the western province of İzmir, said the head of the city’s Chamber...
Volvo aims to sell 50.000 cars in China this year
Volvo Car, owned by China's Geely, aims to sell 50,000 cars in China this year , a senior executive said on Tuesday. Richard...