• China's car dealers pay the price for rapid expansion and neglect of after-sale service

    2018-07-27
    Dealers in China have good reason to criticize carmakers for burdening them with excessive vehicle stockpiles -- a market dynamic that has forced them to slash prices and swallow losses.But a report released this month by the China Automobile Dealers Association shows that retailers are partially to blame for their predicament.The report analyzes 1...
  • Industry group sticks with 8% sales growth forecast for 2015

    2018-07-27
    Despite a significant slowdown in auto sales growth in April, the China Association of Automobile Manufacturers is sticking with its previous forecast that China's light-vehicle sales will grow 8 percent to 21.3 million units this year."Affected by the stabilizing domestic economic growth, China's auto market has also entered a phase of a relativel...
  • Why global brands are cutting China prices

    2018-07-27
    SHANGHAI -- In this market, price wars are normally started by Chinese automakers trying to compensate for a weak brand image and obsolete technology.But nothing is normal in China anymore. This time it's global brands -- not the domestics -- that are launching a price war.General Motors and Volkswagen AG -- the two biggest foreign automakers in Ch...
  • FAW halt trading on merger reports

    2018-07-27
    EIJING (Reuters) -- State-owned automakers Dongfeng Motor and FAW Group today halted trading in shares of their listed subsidiaries, although Dongfeng said it has not received any information from authorities.Trading in Dongfeng Automobile Co., FAW Car Co. and Tianjin FAW Xiali Automobile remained halted. FAW said the stoppage was due to media repo...