German carmaker Volkswagen will build two new vehicle plants in China as it invests €2 billion ($2.7 billion) along with its partner, it announced Monday during a visit by Chancellor Angela Merkel.
Tag Archives: China
Audi delivers more than 50,000 cars in China in one month for the first time; 3x US sales
Audi achieved new record figures in the Chinese market in the first half of the year, increasing unit sales in China including Hong Kong and Macau by 17.8% to 268,666 automobiles.
China to replace US as diesel generator set market leader by 2020
China is set to overtake the US as the global diesel generator set (genset) market leader, increasing its share from 26% in 2013 to 33% by 2020, according to a new report from research and consulting firm GlobalData.
BMW sees big auto finance growth potential in China
BMW Group has received a big boost from its consumer finance company, AFC, which was launched in China in 2010, and the carmaker sees potential for the unit to grow further in the market.
Valeo opens starter plant in China
French supplier Valeo has opened a starter plant in Shanghai, China, IHS Automotive reported in its weekly supplier newsletter.
