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Saab is allowed to reconstruct
A SWEDISH court yesterday ruled Saab can continue its reconstruction after reviewing two Chinese companies’ plans to invest 660 million euros (US$933 million) in the struggling brand and cut 500…
China’s automobile emission inspection network to cover all prefecture-level cities by 2012
China will step up automobile emission inspections and build inspection agencies in all prefecture-level cities by 2012, according to the country’s environmental watchdog. Currently, there are a total of 1,206…
Spotlight on homegrown brands at Macao auto expo
The largest-ever automobile exposition in Macao special administrative region was on show from Oct 28 to 30 at the Venetian Resort Hotel, with a rich display of around 300 vehicles…
FAW reports $7.88m net loss in Q3
FAW Car Co, a unit of one of China’s three largest auto makers, reported Sunday a net loss of 49.86 million yuan ($7.88 million) in the third quarter of this…
Beiqi Foton Motor profits down 60%
Beiqi Foton Motor Co, China’s largest commercial vehicle manufacturer, said Sunday that its third-quarter profits slid 59.9 percent from one year earlier because of falling sales. The car maker’s profits…
BYD warning
BYD Co, the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc, yesterday said its full-year profit may drop by as much as 65 percent, dragged down by slowing…
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