Graft in China's automobile sector may be serious
Three senior executives of China's First Automobile Works (Group) (FAW) have reportedly been investigated by the country's anti-graft authority, the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China.
FOR SUBSCRIBERS ONLY
China’s passenger vehicle (passenger car, SUV, MPV and microvan) sales in 2013 increased 15.71 percent on a yearly basis to nearly 18 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on January 9.
China’s heavy-duty truck sales may reach 760,000 units this year, up 19 percent from last year, representing a volume increase of more than 120,000 units.
It seems obvious that Franco Amadei is hardly able to streamline Fiat-Chrysler Automobile’s China business.
BEIJING – Six automakers, including Great Wall Motor (GWM), BYD, Dongfeng, Chang’an, Geely and Chery, appeared on the list of the 200 most valuable Chinese brands announced by Shanghai-based Hurun Research Institute at the end of last June.
RUGAO, Jiangsu – Double Coin Group (Rugao) Tire Co., Ltd. has reached an agreement with Caterpillar to supply heavy-duty tires for the construction and mining giant, reported tirechina.
XI’AN, Shaanxi – Shaanxi Fast Gear Co., Ltd. (SFGW) signed a cooperation agreement with Eaton Corp.