Industry

Honda slashes forecast, blames dispute between China and Japan

Honda warned that its full-year results would be much weaker than forecast, as a trade dispute between Tokyo and Beijing dents sales. Investors dumped the...

BYD says profits could be down 98% year-on-year

BYD Co Ltd, China's battery and electric car maker, has warned that profits for 2012 are expected to be down as much as 98...

Nissan offers free repairs for riot-hit cars in China

The China headquarters of Nissan Motors in Guangzhou confirmed to the Global Times Friday that all their customers whose cars were damaged in recent...

Chinese auto makers looking abroad for growth

Battling a slowdown and intense competition in their home market, Chinese carmakers are increasingly looking to exports for growth. Last week Chongqing-headquartered Lifan Industry Group...

Nissan says China expansion will slow down

Carlos Ghosn, chief executive of Nissan, has warned that a protracted breakdown in relations between Japan and China could slow his company’s aggressive expansion...

China approves Chery-JLR joint venture

China has approved a joint venture which will see Jaguar Land Rover (JLR) make and sell luxury cars in China in partnership with domestic...

BYD’s electric taxi going to London

Chinese automaker BYD Auto Co Ltd, which is backed by US business magnate Warren Buffett, will supply 50 electric cars to London taxi firm...

Volkswagen wants to build new $1.6 billion plant in China

Volkswagen AG, Europe's largest automaker, is seeking to build a 10 billion yuan ($1.6 billion) factory in China that could boost its production capacity...

Toyota suspends part of production in China plant

Japanese auto giant Toyota has suspended part of its production at its Tianjin plant due to dampening sales in China, the company announced Wednesday. The...

Beijing want to Halve its number of vehicles on the Road

A proposal to tackle Beijing's traffic gridlock, which would halve the number of vehicles on its streets, has sparked controversy among experts and residents. The...