news

News comes from China State-Owned Media

China's state-owned newspaper, People's Daily, is reporting that the government-owned China Investment Corp. is considering buying between 4% and 10% of Daimler.  "In general, we always welcome any new investors as a bal...

The biggest harm would come to European luxury makers

China is strengthening threats of instituting higher tariffs on imported cars, specifically those with more than 2.0-liters of displacement. The move could harm European auto makers importing cars into China at the same time as China has been resp...

China forecasted to build 19.6 million cars

The industrial power of the world is rapidly moving toward China. The Financial Times is predicting that China will produce more cars than Europe, including Russia and Turkey, for the first time ever in 2013.  China is predicted to build ...

Wants to be a car to appeal to young people

While the Qoros GQ3 will not be officially unveiled until the Geneva Motor Show in March and go on sale in Europe in 2014, the company continues to tell more about the car ahead of its debut. It is aiming the car to be a high quality C-segment sed...

Every little kid fools around with a remote control car at some point in his or her life. China's BYD has taken that to a whole other level on their F3, though.  The car, which is basically a copy of a Toyota Corolla, is offered with ...

Sales could hit 20 million by 2020

Chinese car sales are on track to overtake the United States by the end of the decade as the world’s largest single car market. Sales are estimated to hit 20 million by 2020 and 40 million by 2030 according to the Global Automotive Forum. ...

They want experienced designers immediately to give Chinese cars personality

China instituted a policy decades ago that for automakers to avoid high tariffs on imported cars they must form joint ventures with Chinese automakers to build factories in China. The government's idea was to give automaker's access to its...

Growth of the Chinese market is slowing. While the market it still growing, it is no longer the 30%-50% annual growth seen just a few years ago. Chinese auto sales grew by 2.5% last year.  It is forcing Chinese automakers to look for small ma...

Chinese brand Qoros is planning to make its European debut at the Geneva Motor Show in March with a new four-door, C-segment sedan. The company includes former employees from Magna Steyr, Continental, Bosch and Microsoft.  The company pla...

It appears that one of China's main strategies for boosting its domestic auto industry is failing at least for now. Domestic market share for Chinese auto brands has dropped 25% in the past two years. China currently has 171 domestic auto bran...