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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 the use of franchised dealers and owns the sales outlets. NADA, ...
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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 ...
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 ...
China’s car exports topped 1 million for the first time
China's vehicle exports exceeded 1 million units for the first time last year. According to the latest stats from China's Association of Automobile Manufacturers (CAAM), the country shipped overseas a total ...
CAAM: China should develop its brands to become an “automotive superpower”
China should try to become an “automotive superpower” in order to maintain its economic growth, said the head of the country's carmakers group, the CAAM. This goal could be met by ...

latest automotive news
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