Honda to build new plant in China
Dec 21, 2009
TOKYO 21st December; Japan Today reported that Honda Motor Co plans to build a new passenger car plant in China to increase production in the rapidly growing market, sources familiar with the matter said Sunday. The plant in Wuhan, Hubei Province, is scheduled to start operations in 2011 at the earliest with an annual ... Continue reading
Dec 17, 2009
POMPANO BEACH, Fla.--Cyclone Power Technologies Inc. (Pink Sheets: CYPW) has completed its License Agreement with Great Wall Alternative Power Systems Ltd. to advance the development and production of Cycloneâs Schoell Cycle heat-regenerative external combustion engines for the China market. Under the terms of the ... Continue reading
Dec 15, 2009
SHIJIAZHUANG, Heibei Province, China--AutoChina International Limited (âAutoChinaâ or the âCompanyâ) , a leading one-stop commercial vehicle sales and leasing company in China offering its customers affordable lease-to-own options, today announced that it has completed the previously announced sale ... Continue reading
BAIC Paid $197 mln for Saab Assets
Dec 14, 2009
STOCKHOLM, Dec 14, 2009; Reuters reported that Beijing Automotive Industry Holding Co (BAIC) paid 1.4 billion crowns ($197 million) to buy the intellectual property rights and equipment to make Saab's 9-5 and 9-3 sedans, daily Dagens Industri reported on Monday. BAIC, China's fifth-largest automaker, said earlier on Mo ... Continue reading
WSJ Reports BAIC Inks Deal for Some Saab Assets
Dec 13, 2009
STOCKHOLM, Dec 13 (Reuters) - Saab can still find a buyer for the whole firm, a spokesman for the loss-making auto maker said on Sunday after The Wall Street Journal reported China's BAIC had agreed with General Motors [GM.UL] to buy some of the Swedish company's assets. Saab, one of Sweden's best known brands, has bee ... Continue reading
China, U.S. to cooperate on clean-energy vehicles
Nov 18, 2009
China, U.S. to cooperate on clean-energy vehicles http://autonews.gasgoo.com/auto-news/1012999/China-U-S-to-cooperate-on- clean -energy-vehicles.html Shanghai, November 18 (Gasgoo.com) Chinese President Hu Jintao and visiting U.S. President Barack Obama announced in Beijing yesterday a far-reaching package of measures ... Continue reading
Sales growth in China of imported cars slows down
Nov 18, 2009
Sales growth of imported cars slows down http://autonews.gasgoo.com/auto-news/1012978/Sales-growth-of-imported-c ars-s lows-down.html Shanghai, November 17 (Gasgoo.com) In the first three quarters this year, sales of imported vehicles in China rose 16.9% to 246,000 units, with September the best month. Among this stabl ... Continue reading
Electrification Coalition Praises U.S.-China Electric Vehicles Initiative, And Why Not?
Nov 17, 2009
Coalition Urges Administration to be Ambitious In Goals WASHINGTON, Nov. 17 /PRNewswire-USNewswire/ -- The Electrification Coalition today applauded the announcement of the U.S.-China Electric Vehicles Initiative, and urged the Obama administration to go even further in its efforts to support an electrified transportat ... Continue reading
Geely will get right to use Volvo licensed technology
Nov 17, 2009
Geely will get right to use Volvo licensed technology http://autonews.gasgoo.com/auto-news/1012990/Geely-will-get-right-to-us e-Vol vo-licensed-technology.html Shanghai, November 17 (Gasgoo.com) Ford Motor's Volvo car division will retain the rights for its licensed technologies, and its Chinese bidder Geely will get t ... Continue reading
Toyota to Exhibit 45 Vehicles at Auto Guangzhou 2009
Nov 16, 2009
Tokyo, Nov 13, 2009; TOYOTA MOTOR CORPORATION (TMC) announces it will display 45 concept and production vehicles, in separate Toyota and Lexus brand booths, at the 7th China (Guangzhou) International Automobile Exhibition (also known as Auto Guangzhou 2009), to be held at the Guangzhou International Convention and Exhi ... Continue reading
Volkswagen set to build new plant in south China
Nov 9, 2009
Volkswagen set to build new plant in south China http://autonews.gasgoo.com/auto-news/1012873/Volkswagen-set-to-build-ne w-pla nt-in-south-China.html Shanghai, November 9 (Gasgoo.com) Later this month, Volkswagen China, along with its joint ventures FAW VW and Shanghai VW, will release their "South Strategy" at the upc ... Continue reading
GM's Sales in China Today Surpass 1.5 Million Units for 2009
Nov 9, 2009
Shanghai November 10, 2009; General Motors Company announced that the automaker and its joint ventures in China today surpassed 1.5 million units in sales for 2009. With a strong October, the GM China family continued its string of record monthly sales that began at the start of the year. âThis has been a year of ... Continue reading
China to be No.1 market for Audi in 2012 -executive
Oct 29, 2009
China to be No.1 market for Audi in 2012 -executive http://autonews.gasgoo.com/auto-news/1012732/China-to-be-No-1-market-fo r-Aud i-in-2012-executive.html Shanghai, October 28 (Gasgoo.com) Audi AG will exceed its sales target in China this year and expects the country to outpace the German luxury carmaker's home turf a ... Continue reading
Ford Confirms Geely as its Preferred Bidder for Volvo Cars
Oct 28, 2009
DEARBORN, Mich., Oct. 28 -- Ford Motor Company [NYSE: F] announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation. Ford said that while it will be engaging in more detailed and focused negotiat ... Continue reading
Electric Vehicle "mycar" Makes First Journey in Hong Kong
Oct 23, 2009
The Hong Kong Polytechnic University (PolyU) and EuAuto Technology Limited (EuAuto) today jointly announced the official launch of their home-grown electric vehicle mycar in Hong Kong. The launching ceremony was held at PolyU campus with Mr John Tsang Chun-wah, Financial Secretary of the HKSAR Government, Prof. Timothy ... Continue reading
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