Post Tagged with: "chinese carmakers"

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U.S. dealers fear Chinese carmakers

U.S. dealers fear Chinese carmakers

Chinese automakers could also endanger the U.S. auto industry’s dealer franchise system if they mirror Tesla’s  practice of selling directly to customers, according to the chairman of the National Automobile Dealers Association. Tesla, the California-based electric startup and currently the largest producer of premium electric cars, sells its cars without […]

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 […]

Guangzhou Auto’s 2012 profit down 70-80 percent

Guangzhou Auto’s 2012 profit down 70-80 percent

Guangzhou Automobile Group, one of China’s big state-owned auto companies, announced it expects its 2012 net profit to decline by 70 to 80 percent from a year earlier. “The estimated results have not been audited by any certified accountants,” reads the statement cited by Reuters, adding that the figures represent […]