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Shanghai VW names industry veteran Chen Zhangxian as president
2018-07-27
Shanghai Volkswagen Automotive Co., a joint venture between the Volkswagen Group and SAIC Motor Corp., has hired veteran auto industry executive Chen Zhangxian as its new president.Chen was president of United Automotive Electronic Systems Co., a supplier joint venture between Robert Bosch GmbH and SAIC's China United Electronics Co. subsidiary. Hi...

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Antitrust laws are needed, but China's regulators must not abuse their power
2018-07-27
China's recent antitrust investigations have caused great concern among auto executives.Anti-monopoly laws are needed in any maturing market. Since there is a natural tendency to create monopolies, there must be a way to limit their negative impact on consumers.Antitrust investigations into monopolies are common in Europe as well as other markets.A...

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S. Korea's auto parts exports hit all-time high in H1: data
2018-07-27
South Korea's exports of auto parts jumped to an all-time high in the first half of this year, driven by robust sales of vehicles in overseas markets, government data showed Monday.According to the data by the Ministry of Trade, Industry and Energy, South Korea exported $13.58 billion worth of auto parts during the January-June period, up 5.4 perce...

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Audi China sales rise 13% in September on strong crossover demand
2018-07-27
Audi AG says sales in China rose 13 percent year on year in September to 51,614 vehicles as demand for the Q3 and Q5 crossovers remained robust.For the first nine months of the year, Volkswagen AG's luxury brand increased its China sales 16 percent to a record 415,704 vehicles."This result clearly demonstrates our market leadership as the premium b...

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