The power and prestige of senior Chinese officials and their taste in cars may prove the new restrictions on imports to be a paper tiger. Previous attempts to curb government spending on expensive foreign makes have failed....More
PSA Peugeot Citroen’s 2012 priorities include cutting costs by E1 billion, successfully launching four cars in Europe and reducing debt. The auto maker also will continue expanding in China, Russia and Latin America....More
China may be the world’s largest automotive market, but heavy reliance on foreign technology and weak R&D capability among local producers makes it a mere “factory” for global car makers, one analyst says....More
The auto maker says the new plant may build China-specific vehicles such as the K5 D-segment sedan that shares a platform with sister company Hyundai’s Sonata, as well as the K2-branded China version of the Kia Rio subcompact....More
The central government has a general plan to push Chinese auto makers onto the international stage and this year is encouraging them to expand their presence in Africa, South America and parts of Asia....More
The central government’s concern about looming overcapacity is creating a furor among domestic auto makers currently reaping the whirlwind, while world markets worry the overflow of vehicles will be dumped on them, sparking trade wars....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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