SAIC Q4 net up 67% on demand for GM and VW marques

2012-03-30 10:24:14

SAIC Motor Corp reported a 67 percent surge in quarterly earnings, citing solid demand for German and US cars made at its Shanghai ventures as well as a $4.4 billion asset purchase from its state parent.

Geely profit up 13% in 2011

2012-03-26 14:42:04

Domestic carmaker Geely posted a 13 percent gain in profit last year.

FAW: 88 percent fall in profit

2012-03-19 15:59:07

FAW Car Co, a listed subsidy of FAW Group, reported an 88 percent fall in net profit last year to only 217 million yuan due to sluggish sales.

Feb auto sales rise 24.5%

2012-03-12 09:40:36

Automobile sales rose 24.5 percent year-on-year to reach 1.57 million units in February this year, the China Association of Automobile Manufacturers (CAAM) said.

Beiqi Foton's 2011 profits slump 30%

2012-03-05 14:18:23

Beiqi Foton Motor Co, one of China's largest commercial vehicle manufacturers, said Friday that its profits slumped nearly 30 percent year-on-year in 2011 due to falling sales.

VW says vehicle sales rise 1.3% in Jan

2012-02-20 10:23:00

Volkswagen AG, Europe's biggest car maker, said group vehicle sales rose 1.3 percent in January, powered by a 28-percent gain in North America.

Auto exports hit record high in 2011

2012-02-13 13:23:37

China's auto exports hit 849,000 units last year, the highest level seen since the onset of the global financial crisis.

GM China sales drop during New Year holiday

2012-02-13 13:17:48

General Motors Co, the world’s biggest automaker, reported its first drop in China sales in six months as purchases slowed during the weeklong Lunar New Year holiday.

Mercedes-Benz sales slow in Jan

2012-02-06 14:23:28

Germany's Daimler said sales growth of its Mercedes-Benz car brand slowed to 5.1 percent in January from a rate of 15.1 percent in December, reaching 86,921 vehicles as it sold fewer cars in China.

Volvo reports record high net sales

2012-02-06 09:39:50

Net sales of the Swedish Volvo group in 2011 reached a record high level of 310.3 billion Swedish kronor ($46 billion), up 17.2 percent compared to 2010.

SAIC Motor forcasts over 40% rise in 2011 profit

2012-02-01 09:49:21

Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.