Negative growth likely for 2015
China's GDP in the 2nd quarter was up 7 percent year-on-year, according to the National Statistics Bureau. The growth rate was exactly the same as in the 1st quarter. But the country's declining automobile sales in June as well as in the first half of the year can hardly support the 7 percent GDP growth number in the first half of 2015.
REYKJAVIK, Iceland – Chinese automaker Geely Holding Group inked a deal on July 3 to make an investment of $45.
SHENZHEN – The Chang’an Eado EV rolled off the assembly line of Chang’an PSA Automobiles Co., Ltd.
CHANGCHUN, Jilin – FAW-Volkswagen is planning SUVs and a raft of revamped vehicle models as part of its efforts to reverse sales decline in the first half of the year, reported auto.
BEIJING – China produced 25,000 new energy vehicles in June, up 3 folds from a year earlier, according to statistics released by the Ministry of Industry and Information Technology (MIIT) on July 7.
HAVANA, Cuba – BYD received an order for a fleet of 719 tourist rental vehicles from Cuba on July 3, the largest vehicle order in the Cuba market, according to a company news release.
Toyota Motor Corp. and its two Chinese joint ventures FAW-Toyota and GAC-Toyota sold about 100,600 cars in China last month, up 41.