• Changan, China's top domestic carmaker, must beware of reckless expansion

    2018-07-27
    SHANGHAI -- Unlike some state-owned carmakers, China Changan Automobile Group Co. is not content to live off the profits of its lucrative joint venture with a foreign partner.Changan has worked aggressively to design and sell its own products, and this year its passenger vehicle sales have surpassed all other Chinese brands.But success breeds overc...
  • SRG to open 2nd China auto parts factory

    2018-07-27
    SRG Global Inc., a U.S. supplier of molded and chrome-plated auto parts, plans to open its second plant in China, an injection molding, plating and painting operation in Hubei province.The company, headquartered in suburban Detroit, said the 23,000-square-meter plant will open in early 2016.In addition to injection molding, the new plant will inclu...
  • VW will launch more than 20 EVs and plug-in hybrids in China

    2018-07-27
    SHANGHAI -- Volkswagen Group said Tuesday it will launch more than 20 electric vehicles and plug-in hybrids in China over the next few years."In the near future, Volkswagen will be offering Chinese drivers more than 20 NEVs, from small cars to large-sized SUVs, from plug-in hybrids to pure electric cars," said Jochem Heizmann, head of Volkswagen Gr...
  • Top Chinese official accused of taking bribe from Toyota JV

    2018-07-27
    A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping to approve the opening of a Toyota Motor Corp. dealership.Liu Tienan, 59, former deputy head of the National Development and Reform Commission, and his son Liu Decheng took 35.6 million yuan ($5.8 million) in ...