Search Results for 'China'

Ford set to quadruple SUV sales in China

BEIJING • Ford, seeking to tap into China’s growing appetite for brawny sport-utility vehicles, will quadruple its offerings in that segment over the next year. The U.S. automaker, a late-comer in the world’s largest auto [...]

Posted On : Apr, 24 2012 | Comments : 0

Cadillac to build 3 models in China

General Motors Co. will begin to build Cadillacs in China within a year as the automaker works to establish the luxury Cadillac brand globally, according to Joel Ewanick, GM's global marketing officer. GM is expected to announce [...]

Posted On : Apr, 13 2012 | Comments : 0

China: BMW Group Sales up 41% at 30,593 vehicles

“We have had an outstanding first quarter and the best ever in the company’s history,” BMW sales chief Ian Robertson said at the New York auto show, according to a prepared statement. BMW, the second-largest premium carm [...]

Posted On : Apr, 11 2012 | Comments : 0

BMW hits record as China buys Mini and Rolls-Royces

The German company, which owns the Mini and Rolls-Royce car brands, said revenues rose 14pc to €68.8bn (£58bn) in 2011 while pre-tax profits increased by 52pc to €7.6bn. BMW sold 1.7m cars last year. Norbert Reithofer, chi [...]

Posted On : Mar, 09 2012 | Comments : 0

BMW to send cars from China to Gulf

The company is hoping to export long-wheelbase versions of its 5 series model abroad, making it the first foreign luxury car producer to send vehicles from China. The intention to export cars to the region was announced this week by [...]

Posted On : Nov, 29 2011 | Comments : 0

China, Germany drive 20 per cent sales increase for Audi

Volkswagen AG's luxury brand Audi said Tuesday that sales rose 20 per cent in May from a year earlier, thanks to strong demand in its German home base as well as in emerging markets. Audi sold 113,400 cars worldwide. Unit sales were u [...]

Posted On : Jun, 07 2011 | Comments : 0

China has top sales team for GM cars

China is at the top of the sales market for General Motors cars. The iconic American automaker, which is owned by US taxpayers, is now more popular in its newly-announced top sales market. GM and its Chinese joint venture partne [...]

Posted On : Jul, 05 2010 | Comments : 0

Luxury-Car Battle Moves to China

Europe's three big luxury-car makers BMW AG, Audi AG and Daimler AG's Mercedes-Benz already locked in a three-way war for global sales supremacy, are taking their battle to a new stage: China. BMW sales chief Ian Robertson said r [...]

Posted On : May, 07 2010 | Comments : 0

BMW looks to China for global sales rally

German premium car maker BMW expects a gradual recovery in global sales in 2010, with double-digit growth in China to offset its domestic downturn, Reuters reported Friday, citing the company's head of sales. "There are genuinely stro [...]

Posted On : Dec, 07 2009 | Comments : 0

Land Cruiser-based 2010 Lexus GX460 to debut in China

Lexus will introduce the 2010 GX460 at the upcoming Auto Guangzhou 2009 motor event that will take place between November 23rd and 30th in China. The GX will be a smaller SUV than the recent Toyota Land Cruiser that was revealed about two m [...]

Posted On : Nov, 18 2009 | Comments : 0

Automakers on uphill road to build brand in China

After driving his BMW 5 series model for just three years, Chinese futures trader Jerry Lin traded in his car for an Audi A6. His decision had less to do with performance and more with image: BMWs have become associated with China's n [...]

Posted On : Sep, 08 2009 | Comments : 0

Audi to open 100000-vehicle assemble plant in China

German luxury carmaker Audi AG, which is owned by Volkswagen Group, plans to open a new 100,000-vehicle assemble plant in September in China to meet growing demand in the world's biggest auto market, reported Monday's China Daily. The 1 bi [...]

Posted On : Jul, 27 2009 | Comments : 0

Hyundai to launch $3,500 small car in China by 2011

Shanghai, Korean auto giant Hyundai Motor is planning to launch a small car in China and India by 2011 with a price tag of $3,500, which the company said is to meet the demands for small cars in the two fast-growing large markets and other [...]

Posted On : Jun, 03 2008 | Comments : 0

Automakers expect big growth in China market

Global automakers made ambitious forecasts Sunday of up to 65 percent sales growth in China's booming market this year - a striking contrast to the gloom in the United States and elsewhere. Sales of some models soared by up to 10 [...]