Industry

Spyker turns to China’s Pangda for Saab rescue

* Gets 30 mln euros immediately for Saab vehicle purchases * Second tranche of 15 mln euros to follow * Deal will later provide 65 mln...

Chrysler recalls 8,309 Jeep Wranglers in China

China's top consumer product quality watchdog said Friday that US automaker Chrysler will recall 8,309 Jeep Wrangler vehicles sold on the Chinese mainland over...

BMW doubles investment in China

Second facility in Shenyang to be finished next year 'in record time' BEIJING - BMW Group recently announced it will almost double the investment in...

More on Volkswagens new Kaili brand in China

While the timetable is uncertain, German carmaker Volkswagen will make an all-new Chinese-brand electric car called the Kaili at its joint venture with FAW...

Shanghai announces new Green Car subsidies

On pic mr Lu Xiaochun, deputy director of Shanghai Municipal Science and Technology Commission. He announced new subsidies in the city of Shanghai for...

Saab, Hawtai deal terminated, talks continue ‎

Via Reuters. Swedish carmaker Saab faced further uncertainty when a deal with China's Hawtai Motor Group collapsed, leaving owner Spyker chasing alternatives. Spyker...

New Saab 9-5 to be Listed in China in August

Saab's new 9-5 sedan will be listed in China in August. Who will sell it is however unclear. GM closed the Saab dealer network...

Auto sales China grow slower Again

April saw a decline in year-on-year and month-on-month statistics BEIJING - New data show that China's sluggish automobile market continued its recent downturn in April....

Sharp growth in China’s BYD Q1 profits

Shenzhen-based automaker BYD sold 45,000 cars in April, up 40.6 percent over its poor showing in the period a year ago, but a decline...

FAW-VW to start new ‘Kai Li’ sub brand, focused on EV’s

Volkswagen will finally make pure EV's but not under the Volkswagen name. The EV's will be made by a new sub brand from the...