
The Chinese carmaker BAIC Motor, partly owned by Daimler of Germany, has hired four banks for an initial public offering in Hong Kong worth up to $2 billion.

The Chinese carmaker BAIC Motor, partly owned by Daimler of Germany, has hired four banks for an initial public offering in Hong Kong worth up to $2 billion.
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.

Kiekert, a German supplier of automotive door locks and latches, has named Karl Lambertz director of its Asian operations.

BMW X4 debuted earlier this year at the New York Auto Show with prices starting from £36,590.
Team Peugeot-Total released first details about the 2008 DKR for 2015 Dakar Rally back in April.