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  • Vice-premier urges development of China's auto parts industry

    2010-09-28 13:38

    Chinese Vice-premier Zhang Dejiang has urged more efforts to develop China's auto parts industry and new energy vehicles, to increase the international competitiveness of the nation's auto sector.

  • Buffett says BYD investment is 'right choice'

    2010-09-28 11:15

    Billionaire investor Warren Buffett reaffirmed his support in Chinese electric carmaker BYD Auto here Monday after media reports suggested he might reduce his stake in the company.

  • Buffett visits China's clean energy automaker BYD

    2010-09-27 16:31

    US billionaire investor Warren Buffett arrived in south China's boom town Shenzhen on Monday to attend a series of electric car marketing activities of China's fastest growing automaker BYD Co.

  • BYD denies speculation of Buffett's stake sale

    2010-09-26 17:18

    Officials from BYD Co Ltd's public relations department denied speculation that US billionaire Warren Buffett would talk to the Chinese automaker about selling down his stake during his visit next week, the Hong Kong-based Ta Kung Pao reported Sunday.

  • Ford to build engine plant in Chongqing

    2010-09-26 13:53

    Changan Ford Mazda Automobile Co will spend $500 million to build an engine plant in Southwest China's Chongqing, Bloomberg reported Saturday.

  • Toyota fined for commercial bribery

    2010-09-23 11:10

    Officials from the local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said on Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery.

  • SAIC considers buying stake in GM's IPO

    2010-09-21 14:13

    China's top automaker SAIC Motor Corp said it may buy stake in its partner General Motors Co' initial public offering (IPO) if "conditions are favorable", Bloomberg reported Tuesday, citing Hu Maoyuan, the automaker's chairman. 

  • Toyota's China auto finance company fined for bribery

    2010-09-21 09:31

    Officials from a local administration for industry and commerce in Hangzhou, capital of East China's Zhejiang province, said Monday it has fined Japanese carmaker Toyota's auto finance unit in China for involvement in commercial bribery.

  • Nissan to double China capacity to tap hot market

    2010-09-20 16:14

    Japan's Nissan Motor Co Ltd plans to double its production capacity in China to 1.2 million units by 2012, as it aims for a 10 percent share of China auto market, Reuters reported Monday.

  • BMW gets nod for auto financing arm

    2010-09-20 14:27

    BMW Group announced last week that it has government approval to set up an automotive finance company in China that plans to start business in the fourth quarter of this year.

  • US-built cars lose way in China

    2010-09-20 11:48

    Hummer production in the United States has ended, but that has had one unlikely reaction in China - an increasing demand for the SUV which some say is big, brash and ugly.

  • BYD to buy into Tibet lithium producer

    2010-09-17 14:23

    BYD Co will buy 18 percent of the Tibet Xigaze Zhabuye Lithium High-Tech Co for 201.2 million yuan ($30 million), the Oriental Morning Post reported Friday.

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