By Tangi Quemener
Young, rich and hungry for speed: a new generation of Chinese drivers is reshaping the global market with their taste for powerful cars, according to a study released on Wednesday.
Tag Archives: China
BMW brand sales rise 6% in August on China, U.S. demand
BMW said sales of its core brand increased 6 percent in August to 126,152, boosted by strong demand in China and the United States.
China fines Audi, Chrysler on monopoly charges
By JOE McDONALD
China on Thursday announced it will fine Audi $40.5 million and Chrysler $5.2 million in a sweeping anti-monopoly probe of the auto industry that has prompted complaints foreign businesses are being treated unfairly.
Europe business chamber: China won’t force foreign suppliers to form JVs
The European trade body in China said Beijing is not planning to force foreign suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European firms.
Germany’s Stuttgarter Zeitung newspaper reported that China had urged three German suppliers to form partnerships with local rivals, citing the head of German parts supplier ElringKlinger.
China considers $16 billion funding for EV chargers
China is considering providing as much as 100 billion yuan ($16 billion) in government funding to build electric-vehicle charging facilities and spur demand for clean cars, according to two people familiar with the matter.
