With a new form of JV, PSA embarks on market expansion in China 2010-07-19
PSA Peugeot Citroën (PSA) seems to be well aware of the changing conditions of China's cutthroat automobile market to act quickly and decisively in China. The speed with which PSA signed its joint venture agreement with new partner Chang'an Automobile Group is in sharp contrast to its otherwise slow and protracted decision-making process over the past two decades.
China approves Valin-ArcelorMittal auto sheet plant 2010-07-20
ArcelorMittal said it has received Chinese government approval for a steel sheet production project with China's Valin Iron & Steel Group that domestic media said would have estimated production capacity of 1.1 million tonnes a year.
Changan signs China Automotive as steering supplier 2010-07-20
Shanghai July 13--Changan Automobile Co. has signed a deal with Wuhan Jielong Power Steering Co. Ltd. a subsdiary of China Automotive Systems, Inc., to make electric steering units for Changan vehicles, media reported today.
Nissan Motor evaluates Baosteel as global supplier 2010-07-20
Baosteel Group Corp., China's largest supplier of auto-sheets, said Nissan Motor Co. is evaluating its products for global purchasing as the Japanese carmaker seeks to lower raw material costs.
Great Wall Motor H1 sales up 87.6% to 170,000 vehicles 2010-07-20
BAODING, Hebei - Chinese automaker Great Wall Motor's vehicle sales in the first half of the year surged 87.
FAW-Volkswagen Audi car H1 sales up 64 percent to 108,600 units 2010-07-18
CHANGCHUN - FAW-Volkswagen Automobile Co., Ltd. sold 21,203 Audis in June, up 62 percent year-on-year, setting an all-time monthly sales record for the brand in China, said the company. In the first half of this year, sales of the Audi brand vehicles totaled 108,600 units in China, up 64 percent from the same period last year, and surpassing its total sales for the first nine months of 2009.
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