GM poised to get approval to build $1.1 billion China plant

Toyota to invest $400M, shift Highlander hybrid output to Indiana plant

Toyota will invest $400 million to build a hybrid version of the Highlander crossover at a plant in Indiana. Toyota already builds the Highlander in Indiana, but the hybrid Highlander has been assembled in Japan.... Read More »

Nissan reports strong third-quarter profit on China sales

Nissan today said it boosted its third-quarter profits as the carmaker reached record sales in China. Net income rose 3.2 percent to 82.7 billion yen ($1 billion) in the three months ended Dec. 31, the company said in a statement.... Read More »

GM's China sales post first drop in 6 months

GM reported its first drop in China sales in six months as purchases slowed during the weeklong Lunar New Year holiday. Deliveries to Chinese dealers fell 8 percent to 246,654 vehicles in January, from 268,071 a year earlier, the company said in a statement today. This year's holiday extended from Jan. 23 to Jan. 29 and marked the start of the year of the dragon.... Read More »

Jaguar Land Rover plan JV with Chery for China output

Jaguar Land Rover plans to partner with Chery Automobile to build vehicles in China, two people with direct knowledge of the matter said. The companies have applied for regulatory clearance to establish the joint venture and the partnership may be officially announced at April's Beijing auto show, they added.... Read More »

China's Youngman makes fresh bid for Saab, reports say

Zhejiang Youngman Lotus Automobile has made a fresh bid for Saab, Swedish public radio reported. The Chinese group plans to turn its passenger-car unit into a competitive global brand and buying Saab assets would fit into that goal.... Read More »