A Qoros staffmember said that Qoros has seen a loss of more than 2 billion yuan in the past three years, exclusive the PPE investment.
Volvo Group of Sweden said it is eyeing 50 percent growth of its truck business in Asian countries after it launched a new heavy-duty UD truck range with Dongfeng on Tuesday to venture into the mid- to high-end truck segment in China.
Jaguar's all-new four-cylinder engine range will begin trials in 2014, according to the firm's engineering boss.
Now that Xu Weilun has discovered navigation apps, he has a hard time imagining how he ever lived without them, said Xu, an editor from Beijing's Legal Daily newspaper.
Given the growing role smartphone apps play in everyday life, automakers have begun offering them to existing and potential customers as a kind of value-added service.
Jaguar Land Rover CEO Ralf Speth and Bob Grace, president of the company's China branch, joined UK Prime Minister David Cameron on Dec 2 to commemorate the official opening of the company's training academy in Beijing.
Chinese car maker Dongfeng and France's Renault will set up a joint venture to produce multiple-purpose vehicles and engines, the Chinese firm said.
The new Chinese owner of the iconic London taxi brand, Zhejiang Geely Holding Group (Geely) announced this decision during British Prime Minister David Cameron's trade visit to Shanghai, China.
Automotive information portal Autohome.com.cn plans to make its debut on the New York Stock Exchange on Dec 11.
China's auto lobby has opposed a possible move by Beijing to ease restrictions on foreign ownership in the car industry.
Chinese website autohome.com.cn is scheduled to make its debut on the New York Stock Exchange on Dec 13, as it bids to raise more than $100 million.
UK's Prime Minister David Cameron unveils a plaque commemorating the opening of the Jaguar Land Rover Beijing Training Academy on Dec 2,according to JLR.
Dongfeng Motor Group (DFM) and Schmitz Cargobull AG started the construction of the new trailer plant in Wuhan on Nov 29.
China was expected to be the world's largest car market in 2013 and 2014, said German auto industry association VDA on Tuesday,
Suzuki plans to launch a production variant of the Authentics concept in the second part of next year, according to local media.
After Roewe E50 pure electronic car launched market, SAIC develops another new energy car.
Autohome, which provides online information, listings and reviews for auto consumers in China, announced terms for its IPO on Nov 29.
The Infiniti Q50 2.0T, the brand's first turbo model, made its world premiere in China on Nov. 21 at the 2013 Auto Guangzhou. Chinese customers will be the first to experience the Infiniti's newest sedan with its all-new powertrain system.
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