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  • July 12, 2014
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  1. Business - Companies - CARS

    VW outsells GM to be top carmaker in China

    Posted Jul 12th 2014, 12:52am by BLOOM

    ... race with Toyota Motor for the global sales crown. To win more sales from the projected 1 billion drivers within a decade, VW chief executive Martin Winterkorn this month announced the company ... to be top carmaker in China Volkswagen outsold General Motors in China in the first half of the year, keeping it on track to extend its reign as the best-selling foreign car company ...

  2. Business - China Business - CARS

    VW and partner FAW to invest €2 b in Chinese plants

    Posted Jul 08th 2014, 01:54am by AFP

    ... b in mainland plants German carmaker Volkswagen will build two plants on the mainland as it invests €2 billion (HK$21 billion) along with mainland partner FAW, it announced yesterday during a visit ... is estimated to swell to one billion in the next 10 to 15 years. VW chief executive Martin Winterkorn said in April he expected the company's mainland deliveries this year to rise at least 10 per ...

  3. Business - Companies - CARS

    China Yintai pins hopes on green and glamorous tie-up with Tesla

    Posted Jul 02nd 2014, 01:44am by LANGI CHIANG; KWONG MAN-KI

    ... of eight electric vehicles in April in the capital, battery-powered cars are rarely seen on the streets as many of the orders are yet to be distributed. The company does not disclose the details ... by the daily limit of 10 per cent after its announcement on June 11. So far, there are just two charging ports at the retail-office complex Beijing Yintai Centre in the city's central business ...

  4. Business - Companies - CARS

    Toyota to launch hydrogen fuel-cell car in Japan

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg in Tokyo Green car to go on sale next year as Toyota eyes market for affordable zero-emissions transport Toyota to launch hydrogen fuel-cell vehicle in Japan Toyota Motor's vision of a hydrogen future will begin with a seven million yen (HK ...

  5. Business - Companies - CARS

    Volvo maps out export plans for China

    Posted Jun 18th 2014, 01:19am by Reuters

    ... Reuters in Beijing Volvo maps out export plans for China Volvo Car's plans to turn the mainland into an export hub show parent company Zhejiang Geely Holding is out to disprove pessimists who have cast doubt on Chinese companies' ability to manage global consumer brands. A senior Volvo executive said the Swedish carmaker would start exporting Chinese-made sedans- ...

  6. Business - Companies - CARS

    GM's top brass spared as carmaker sacks 15 after report on safety scandal

    Posted Jun 06th 2014, 11:50am by Reuters

    ... finally began recalling vehicles for repairs. So far, 2.6 million vehicles have been identified. This recall, coupled with others announced by GM this year, has cost the company about US$1.7 ... including a failure to understand "how the car was built". Meanwhile, it said, the highest levels of the company were not made aware. Providing a rare peek into the operations of one ...

  7. Business - China Business - CARS

    Wanxiang's Lu Guanqiu on a mission to sell electric cars in US

    Posted May 20th 2014, 12:56am by BLOOM

    ... "I'll put every cent that Wanxiang earns into making electric vehicles," he said at Wanxiang's headquarters in Hangzhou, Zhejiang province. "I'll burn as much cash ... Each mogul aspires to move his company beyond the US to sell lower-emission cars in China- the world's largest car market. "Fisker brings a unique edge and owning the company no doubt ...

  8. Business - Companies - CARS

    Ford hands keys to new CEO as 'driverless' future looms

    Posted May 03rd 2014, 04:00am by Bloomberg

    ... that has so far been smooth- a departure from the mostly difficult handoffs dating to the exit of founder Henry Ford. The company's leadership team, in announcing the move, underscored ... Bloomberg in Dearborn, Michigan Company veteran Mark Fields must fill shoes of lauded predecessor and steer firm into new era Ford hands keys to new CEO as challenges loom Mark Fields ...

  9. Business - China Business - CARS

    BYD's earnings plummet 94pc

    Posted Aug 28th 2012, 12:00am

    ... the earnings were announced late yesterday. In a stock exchange filing, BYD blamed the profit slide on slowing car sales, a weak domestic economy and the spreading euro-zone debt crisis, and warned ... Reuters in Beijing The Buffett-backed carmaker trails mainland rivals amid poor solar business BYD's earnings plummet 94pc Chinese carmaker BYD, backed by billionaire investor Warren ...

  10. Business - China Business - CARS

    Mainland Chinese car brands worry over competition

    Posted Mar 24th 2014, 04:45am by Kwong Man-ki

    ... market," Xia said. Geely chairman Li Shufu said in the company's results announcement he expected competitive pressure would intensify considerably because foreign brands had been ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Despite good earnings growth, domestic carmakers are cautious about prospects as they feel intense pressure from ventures of foreign marques ...




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