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  • July 11, 2014
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  1. Dongfeng Motor to invest 33b yuan in green vehicles

    Posted Aug 29th 2008, 12:00am by Kandy Wong

    ... Kandy Wong Dongfeng Motor, the mainland's third-largest carmaker, plans to launch an electric car by the end of the decade as it invests 33 billion yuan (HK$37.7 billion) in developing a range of environment friendly vehicles. Dongfeng, which is a joint-venture partner of Japan's Nissan Motor, Honda Motor and France's PSA Peugeot, will develop the green ...

  2. Mitsubishi Motors to solicit new rescue funds

    Posted May 06th 2004, 12:00am by Staff Reporter

    ... Agence-France Presse in Tokyo Mitsubishi Motors will seek 400 billion yen (HK$28.34 billion) to 500 billion yen in rescue funds from group companies and other investors after its major shareholder DaimlerChrysler decided against pumping any more money into the troubled carmaker, according to a report. The Asahi Shimbun yesterday said Mitsubishi Motors would also consider asking ...

  3. Changan Auto to get Avic unit stakes in shake-up

    Posted Nov 11th 2009, 12:00am by Kandy Wong

    ... of a government-backed consolidation of the nation's fragmented car industry. According to a statement by Shenzhen-listed Changan Automobile, it will gain stakes in ventures with Suzuki Motor and Mitsubishi Motors, which Avic held previously. In addition, it will get Avic-owned domestic brands such as Hafei Automobile, which makes minivans, and Changhe Automobile. In return, aircraft maker Avic ...

  4. Motorola looks to develop telematics system for mainland drivers

    Posted May 25th 2005, 12:00am by Staff Reporter

    ... of the world's top car brands are manufacturing vehicles. The OnStar telematics system, which Motorola helped develop for General Motors in 1998, integrates on-board vehicle electronics ... competition. The China Auto Suppliers Group- which includes more than 2,000 component manufacturers supplying carmakers such as GM, Toyota Motor, Nissan Motor and Ford Motor- introduced last year ...

  5. China overtakes US as largest vehicle market

    Posted Jan 12th 2010, 12:00am by Kandy Wong

    ... Motor's sales climbed 22 per cent to 579,600 units and Mazda Motor Corp's sales jumped 41 per cent to 179,700. Among Western carmakers, sales by General Motors surged 67 per cent to about ... five carmakers- Shanghai's SAIC Motor Corp, Jilin's First Auto Work Group, Chongqing Changan Automobile, Hubei's Dongfeng Motor Group and Beijing Automotive Industry Holding- ...

  6. Denway sees tough road for car industry

    Posted Apr 03rd 2009, 12:00am by Kandy Wong

    ... for the third straight day. Investors appear bullish about the growing mainland vehicle market, especially since United States carmakers General Motors Corp and Chrysler have not yet come up ... Kandy Wong Denway Motors, which yesterday posted a 3.5 per cent decline in net profit for last year, said the vehicle industry would continue to be hit by fading demand, overcapacity ...

  7. Merrill, Deutsche win Dongfeng job

    Posted Apr 21st 2004, 12:00am by Eric Ng

    ... material, property and vehicle sectors. Meanwhile, Dongfeng's rival Shanghai Automobile Industry Corp, which has joint ventures with General Motors and Volkswagen, aimed to list the entire ... been appointed managers of a proposed initial public offering by Dongfeng Motor, China's third-largest vehicle maker. This deal is the second the two banks have won together in less than ...

  8. Mainland carmakers to merge with rivals and stop overcapacity

    Posted Jan 30th 2010, 12:00am by Kandy Wong

    ... will be dominated by giants such as Shanghai's SAIC Motor Corp, Jilin's First Auto Work, Chongqing Changan Automobile and Hubei's Dongfeng Motor. Besides the takeover of Changfeng Motors ... an equity swap in November. In 2007, SAIC acquired its direct rival in the eastern coast, Nanjing Automotive Group, for two billion yuan. According to the secretary-general of the China Association ...

  9. Lai See

    Posted Nov 06th 2009, 12:00am by Ben Kwok

    ... on regional economics and the stock and property markets. Shades of the wild, wild West General Motors Corp's shock decision to scrap the sale of European subsidiary Opel to car parts maker Magna has gone down like the proverbial lead balloon with the German company and its political backers who spent months haggling over the deal. 'General Motors' behaviour towards workers ...

  10. Johnson warns of tough year ahead

    Posted Jun 14th 2005, 12:00am by Staff Reporter

    ... General Motors, the world's largest carmaker, last week said it would shut down two to three production plants and cut 25,000 jobs over the next couple of years to help it return ... in the global car market remained weak and prices of the company's raw material supplies continued to fluctuate. Johnson, one of the world's largest micromotor and motor system makers, said ...




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