Global Carmakers Converge On China As Rare Slowdown Looms

Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world’s biggest car market. Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, … Read more

China Passenger Car Sales To Grow Nearly 13%

Passenger car sales in China, the world’s biggest auto market, will grow nearly 13 percent this year from a year earlier, data from an industry association showed Tuesday. Judging from this year’s sales trend, sales of passenger and commercial vehicles will increase 10 to 12 percent year on year, according to China Passenger Car Association. … Read more