20m Cars to Sell in 2015 BRIC Market
US, Europe and Japan may be saturated in terms of car ownership, but the four major emerging markets are expected to continue to exhibit strong growth.
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China Now 2nd Largest Car Market
China now has more than 56 million cars, including 35 million private cars, and 87 million motorcycles. There are now 107 million licenced drivers in China,
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Philips Lighting Opens Engineering Centre
Philips Lighting has opened a small engineering centre in China to cater to the Asian market. It is the company’s first such
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Emerging markets to represent 50% of car sales by 2012
Emerging markets will represent 50% of all global car sales by 2012, according to George Magliano, global automotive research director.
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CHINA: Exports from China increased a lot in 2007/2006
China’s automotive exports are continuing to boom, according to figures released today. Data from the country’s customs authorities, cited by news agency Xinhau,
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WTO: China imposes unfair tariffs on auto parts
The World Trade Organization ruled Feb. 13, 2008 that China imposes unfair tariffs on auto parts. The tariffs are designed to encourage parts production in China.
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Toyota: An 8th assembly plant in China?
Toyota Motor Corp. is thinking about building its eighth assembly plant in China, which would bring its capacity there to 1 million vehicles, according to The Nikkei.
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Chinese carmaker Changfeng targets US and also Europe
Li Jianxian, chairman, confirmed that Changfeng was now looking at launching in Europe as well as North America, perhaps as early as late 2009.
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SAAIC to build mass-market cars at UK factory
Under its new, cash-rich Chinese owners, England’s historic Longbridge assembly plant is likely to start building mass-market cars again.
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China production grew 22% in 2007
China’s new vehicle production grew about 22% in 2007 The country produced 8.9 million cars and commercial vehicles in 2007 and sold 8.8 million vehicles
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