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  • April 18, 2014
  • Last updated: 9:53am
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  1. Business - China Business - CARS

    Beijing mulls tax waiver and more subsidies for green car users

    Posted Apr 03rd 2014, 05:16am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Development of green vehicles important, says vice-premier in announcing incentives for sector Beijing mulls tax waiver, more subsidies for users The central government is mulling further incentives to boost ...

  2. Business - China Business - CARS

    Volvo chairman urges China to lift curbs on foreign carmakers

    Posted Mar 05th 2014, 01:38am by BLOOM

    ... Bloomberg in Beijing Volvo chairman says mainland needs to let foreign carmakers control their own operations China urged to lift carmaker curbs Li Shufu, the chairman of Volvo Cars, said China should allow foreign carmakers to control their operations to encourage competition and bring down prices. "We should let the market decide and form real competition between Chinese ...

  3. Business - China Business - CARS

    Mainland Chinese car brands worry over competition

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

    ... upbeat about Brilliance China Automotive and Dongfeng Motor, which have foreign partners. "The demand for European-branded cars will remain strong in the Chinese market," she said, noting that the quality of joint-venture brands had better recognition among mainland motorists. While Japanese brands were popular, geopolitical disputes between China and Japan might take ...

  4. Business - Companies - CARS

    GM targets 10pc growth in China sales for 2014

    Posted Feb 22nd 2014, 01:15am by Reuters

    ... to boost sales on the mainland this year by as much as 10 per cent and keep pace with the country's vehicle market for the rest of the decade, the new chief of the company's China ... increasing appetite for sport utility vehicles and luxury cars. He said GM expected China's vehicle market to grow 7 to 10 per cent this year from 2013, roughly in line with industry forecasts. ...

  5. Business - China Business - CARS

    China's Wanxiang wins auction for troubled US hybrid-car maker Fisker

    Posted Feb 16th 2014, 05:10am by BLOOM

    ... Bloomberg Wanxiang wins auction for Fisker China's Wanxiang Group won an auction for Fisker Automotive, a maker of luxury plug-in hybrid cars, with a US$149.2 million bid, almost six ... on without making a payment. Unsecured creditors objected to the price and helped bring in Wanxiang, China's largest car-parts supplier, in December. "It's tremendous," said ...

  6. Business - China Business - CARS

    Doubts raised over China green car push

    Posted Feb 17th 2014, 04:47am by Kwong Man-ki

    ... said. Tesla recently set the retail prices of its Model S series at 734,000 yuan and 852,500 yuan in marking the company's entry into China, the world largest car market. "The costs ... be launched this year and next year, Gangway Securities said in a report. Well-known car brands such as BMW, Audi and Volkswagen were expected to launch their electric cars in China. New energy car ...

  7. Business - China Business - CARS

    Chinese carmakers wary of foreign deals

    Posted Mar 10th 2014, 05:59am by Kwong Man-ki

    ... Automotive Foresight Mainland car sales rose 13.9 per cent last year to 21.98 million vehicles, said the official China Association of Automobile Manufacturers. Of the top ten car brands in terms ... ceiling is set on foreign ownership in car manufacturing ventures. However, the limit on foreign ownership can be lifted as the Ministry of Commerce said China would further open up manufacturing ...

  8. Business - China Business - CARS

    With Europe in its sights, Chinese carmaker Qoros creates buzz in Geneva

    Posted Mar 06th 2014, 02:29pm by AP

    ... Led by former Volkswagen executive Volker Steinwascher, Qoros aims to compete against Europe's premium brands not only in China but also on their home turf. At the moment, it is focusing on marketing and dealership openings as it brings a new car to market. Sales chief Stefano Valenti said the market response has been positive in China, where the car went on sale late last year, ...

  9. Business - China Business - CARS

    Infrastructure snag to deter China's green car buyers

    Posted Feb 11th 2014, 01:57am by Kwong Man-ki

    ... petrol-powered cars or trucks in the country, said Gordon Xie, a partner with Deloitte China who advises the car industry. "The government's subsidies programme will encourage more drivers ...

  10. Business - China Business - CARS

    Tesla goes against the grain in China by slashing price of premium car

    Posted Feb 05th 2014, 11:19am by Reuters

    ... Reuters in Shanghai Tesla wins fans by slashing China prices In China, where higher prices mean prestige, Tesla, a US maker of luxury electric cars, is taking a bold step to win customers ... the lower-than-expected 734,000 yuan (HK$933,000) China price tag for its high-end Model S electric car. The price, still 50 per cent higher than in the United States, includes only "unavoidable" taxes ...




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