Price cuts have become so frequent that customers now wait for the next round, causing demand to fall, further depressing the market. Nevertheless, some estimates call for the domestic market to grow 10% this year....More
Like other auto makers, Audi AG has ambitions plans for China. "We hope Audi output in China will reach 70,000 to 80,000 units by 2005," Erich Schmitt, a member of the Audi AG board, tells local media....More
First Automotive Works, China’s No.1 vehicle-producing conglomerate, joins forces with small-car maker Tianjin Automotive Industry Corp., in the first of what is expected to be many mergers as China moves toward full World Trade Organization membership....More
We call out vehicles with problematic fit-and-finish, materials, ergonomics or unfortunate design choices. Each of these items resulted in points deducted as WardsAuto editors selected the 2016 Wards 10 Best Interiors.
The Australian Competition and Consumer Commission says a proposed 20% cap on dealer sales of add-on insurance products more likely would transfer wealth from dealerships to insurers than reduce prices for consumers....More