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Sales of FAW-Volkswagen passenger cars in China surge in February
The Sino-German auto joint venture FAW-Volkswagen Automotive announced recently that the sales of its passenger cars including imported Audi cars stood at 118,100 units, ranking the first among passenger car enterprises by sales in China.
Volkswagen plans to get more of its electric cars on the road
The Volkswagen Group intends to roll out considerably more electric models than initially planned. By 2028, almost 70 new electric cars are supposed to go on sale, the German carmaker announced on Tuesday in Wolfsburg. VW had previously spoken of 50 new..
SAIC Motor sees 17 pct sales decline in Jan.-Feb.
Chinese carmaker SAIC Motor Corporation Limited saw auto sales fall 16.9 percent year-on-year in the first two months of 2019 amid a wider sales slump in the world's largest auto market.
Passenger car sales down 19 pct in February
Sales of passenger cars in China, including cars, sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) fell 19 percent year-on-year to 1.17 million units in February, according to the data released by China Passenger Car Association (CPCA).
German family-owned businesses globally successful
Germany's family-owned businesses are at the forefront of the global economy.According to a ranking published on Wednesday, 119 of the 750 owner-controlled companies in the world with the strongest turnover come from Germany.
Volkswagen and Microsoft to bring cloud-connected cars to China, US
German carmaker Volkswagen (VW) and US technology giant Microsoft are to offer their planned cloud computing services for cars in more countries than previously announced.
German electric carmaker e.GO to cooperate with Volkswagen
The German electric car manufacturer e.GO plans to cooperate with the Volkswagen corporation and use its toolkit for future electric models, the chief executives of both companies announced on Monday at the Geneva International Motor Show.
Spotlight: Experts say more U.S.-China collaboration needed in EV industry
The potential for the United States and China to deepen collaboration in the booming electric vehicle (EV) industry is expected to be significant, experts have said.
Business Brief -- Foreign Enterprises
Business Brief -- Foreign Enterprises
China's BYD posts strong green car sales in January
Chinese leading electric vehicle maker BYD sold 28,668 new energy vehicles (NEVs) in January, up by 291.11 percent from the same period last year, data posted at the company's website showed.
Volkswagen recalls defective Lamborghini vehicles in China
Volkswagen China has announced a recall of 48 Lamborghini cars due to defective fuel tanks, according to China's market regulator.
Audi sets new monthly sales record in China
FAW-Volkswagen Audi sold 63,888 vehicles in the Chinese market in January, a monthly record high, data posted at the company's website showed.
Chinese firm gets approval from Volkswagen for roller bearing material
Chinese auto bearing firm Changzhou NRB Corporation (NRB, 002708.SZ) announced Wednesday that it had gained approval from Volkswagen for its VW50015 roller bearing material, according to NRB's filing with Shenzhen Stock Exchange.
Chinese, U.S. automakers seek trade opportunities at Detroit Auto Show
Chinese and U.S. automakers are eager to seek opportunities in two-way automobile trade at the ongoing North American International Auto Show, also known as the Detroit Auto Show.
Italian enterprises to visit Guangdong, the most robotic province of China
A group of companies operating in biotech, artificial intelligence, components and semiconductor is meeting a tens of Chinese operators to consider whether to collaborate. The mission is organized by the Innovation Centre of Intesa Sanpaolo...
E China's Anhui mulls a batch of key projects to promote B&R construction in 2019
Anhui Province in East China announced that it is mulling a batch of key Belt and Road cooperation projects to smooth the trade channels in 2019.
VW to invest 800 million dollars to build electric cars at US plant
Volkswagen on Monday announced it will invest 800 million dollars in its factory in Chattanooga, Tennessee for manufacturing electric vehicles.
U.S. automakers see great opportunities in China
U.S. automakers saw great opportunities in Chinese market as the trade issue between China and the United States appears to be moving into a new, calmer phase, automotive executives have told Xinhua at the ongoing North American International Auto Show.
Spotlight: More investment opportunities for foreign firms in China 2019
There will be more opportunities for foreign firms to invest in China in 2019, considering the Asian country's efforts to create a more favorable environment for global business.
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