Post Tagged with: "china car market"

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China economic situation may lead to auto mergers

China economic situation may lead to auto mergers

With the auto industry having obvious overcapacity according to officials, Chinese regulators said they encourage weaker car makers to merge or be acquired in the face of a problematic overcapacity phenomenon. Qu Guochun, a deputy director at the Ministry of Industry and Information Technology said Saturday at a forum in […]

Report: China car market to grow 10 percent in 2013

Report: China car market to grow 10 percent in 2013

China car sales mai increase by up to 10 percent in 2013, despite fears of new government policies to limit car ownership, according to a report from the South China Morning Post cited by Just-auto.com. China sales rose last year by 4.3 percent to 19.3 million, half the forecast of […]

Johnson Controls plans 10 new seating plants in China

Johnson Controls plans 10 new seating plants in China

Johnson Controls has announced plans to build 10 more auto seating plants in China within five years as part of the company’s strategy to continue its growth in the world’s largest car market. The strong expansion in China and the slow expansion in North America will help Johnson Controls offset […]

BMW China CEO to step down at the beginning of next year, report says

BMW China CEO to step down at the beginning of next year, report says

BMW China president and CEO Christoph Stark will officially announce his retirement this weekend, according to Economic Observer News. The weekly newspaper quoted internal sources according to which Christoph Stark will continue to assume his post until the beginning of next year, when his replacement will be announced. BMW is […]

New car sales in China start growing again

New car sales in China start growing again

New car sales in China rebounded in October but Japanese brands continued to fall amid a territorial dispute between Beijing and Tokyo. Auto sales in the world’s biggest auto market rose 6.4 percent to 1.3 million vehicles, according to China Association of Automobile Manufacturers (CAAM). The result represents a recovery […]