
China will launch two new pilot carbon trading schemes this week in Beijing and Shanghai as it strives to cut soaring rates of greenhouse gas, reduce choking smog and determine the best system for a nationwide roll-out.

China will launch two new pilot carbon trading schemes this week in Beijing and Shanghai as it strives to cut soaring rates of greenhouse gas, reduce choking smog and determine the best system for a nationwide roll-out.

Young Chinese businesswomen are the driving force behind Maserati’s fast-growing order book.

Daimler today completed its purchase of a 12 percent stake in BAIC Motor. The German company paid 625 million euros ($845 million) for a share in the passenger-car unit of its Chinese joint-venture partner, Beijing Automotive Group Co.

The International Energy Agency says China and India are becoming the world’s main drivers of energy demand.

Volvo Car Group said global sales rose 14 percent year-on-year in September, its third straight month of rising deliveries, on the back of strong growth in China and Europe.