China

Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014....
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VW says China sales may decline this year

July 29, 2015 17:19 CET

Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market....
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GM plans $5B vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets....
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Chinese supplier YFS to build plant in Detroit

3:08 pm U.S. ET | July 28, 2015

Chinese auto supplier YFS Automotive Systems said it plans to construct a 150,000-square-foot plant on 30 acres of vacant industrial property in Detroit....
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Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market....
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Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies....
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GM profit weathers China slowdown

12:01 am U.S. ET | July 27, 2015

General Motors' second-quarter results offered a sigh of relief - at least temporarily - to investors and other market watchers worried about slowing growth in China....
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VW: No plans to cut China production

9:04 am U.S. ET | July 25, 2015

Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said Saturday in response to a media report....
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Barra pressed for cost cuts, other moves to help GM hit China target

6:29 am U.S. ET | July 24, 2015

GM Chief Executive Mary Barra has been pushing executives in China since the first signs of trouble in the market early this year to find ways to hit the company's target of delivering 9 to 10 percent profit margins, despite falling car prices and weak economic growth....
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GM shrugs off China worries with $1.1B Q2 profit

7:45 am U.S. ET | July 23, 2015

GM's strong second-quarter results in China seemed to allay investors' concerns that a slowdown in Chinese demand would dent the company's bottom line. The automaker posted net income of $1.1 billion last quarter, fueled by strong demand for pickups and SUVs, and higher pretax profit and margins in China....
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Japan auto lobby chief warns of 'downward spiral' in China

11:51 am U.S. ET | July 23, 2015

The head of Japan's auto lobby, warning of a "downward spiral," says China's economic situation looked tough and that he was not optimistic about the outlook for the country's auto market....
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Toyota delays decision to produce Lexus lineup in China

1:24 pm U.S. ET | July 23, 2015

Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan....
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Japanese automaker group says China market in 'downward spiral'

July 23, 2015 12:34 CET

China's vehicle market is showing signs of a "downward spiral" driven by excessive competition and overcapacity that will eventually hit Japanese carmakers, according to the chief of Japan's auto association....
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Audi will replace its China chief amid sales decline

July 22, 2015 13:27 CET

Audi will replace the head of its Chinese operations, Dietmar Voggenreiter, as the carmaker grapples with an accelerating sales decline in its No. 1 market....
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Fiat Chrysler and Guangzhou Auto plan joint venture for sales in China

July 21, 2015 10:41 CET

Fiat Chrysler and Guangzhou Automobile will create a joint venture to integrate sales and marketing for the Fiat, Chrysler and Jeep brands in China. Fiat Chrysler aims to sell 850,000 locally built and imported vehicles annually in China in 2018, up from fewer than 195,000 in 2014....
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Faurecia explores sale of bumpers unit, report says

July 21, 2015 10:26 CET

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said...
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Livery fleets, China sales XTend life of Cadillac XTS

12:01 am U.S. ET | July 20, 2015

XTS production is scheduled to last until at least 2018 and possibly 2019 before being phased out, according to three people familiar with General Motors' plans....
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Audi will give aid to China dealers, report says

July 20, 2015 11:19 CET

Audi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month....
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BMW will unveil redesigned, upgraded models in China as sales slow

July 17, 2015 12:56 CET

BMW will unveil a new 7-series sedan, an upgraded version of the 3 series and cheaper versions of the X5 and X6 SUVs in China this year. The company is aiming to shore up weak sales and raise its competitiveness against German rival Mercedes in the market....
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VW, GM shudder as China profit engine sputters

5:47 pm U.S. ET | July 16, 2015

Shock waves from a drop in Chinese car demand are reverberating in Wolfsburg and Detroit, where Volkswagen and GM are feeling the effects of a slowdown in a market that has been their big profit engine. Barclays downgraded GM shares on Thursday, saying it was likely to face the sharpest of the China headwinds among automakers and auto parts makers....
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China's Yanfeng plans $55 million Tennessee factory to supply VW

12:32 pm U.S. ET | July 16, 2015

Yanfeng Automotive Interiors, a Chinese supplier, will build a $55 million factory in Chattanooga to supply components to Volkswagen AG's nearby assembly plant....
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Tesla to sell Model X in China in first half of 2016

10:23 am U.S. ET | July 16, 2015

Tesla Motors expects to start selling its Model X SUV in China in the first half of next year after first introducing it in the U.S. this quarter....
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Audi reviews China 2015 sales target

July 16, 2015 10:57 CET

Audi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected....
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Swedish supplier SKF sees demand falling as carmakers cut orders on China

July 16, 2015 11:35 CET

Swedish supplier SKF predicts demand at its automotive unit will drop in the current quarter as clients see weakening orders from China....
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Jaguar Land Rover lowers China sales target

July 14, 2015 13:02 CET

Jaguar Land Rover cut its sales targets and prices in China amid slowing demand in the world's largest auto market. The UK automaker gets about a quarter of its sales from China....
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