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GAC’s auto finance company opens business in Guangzhou

GUANGZHOU - Guangzhou Automobile Group Co., Ltd. (GAC)'s financing arm, GAC-Sofinco Automobile Financing Co., Ltd., held an inauguration ceremony in Guangzhou on July 13. The new auto finance company is a 50:50 joint venture between GAC and Credit Agricole Consumer Finance. Located in Guangzhou, GAC-Sofinco is the 11th auto

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Bosch to build its first intensive logistics distribution center in China

Bosch Automotive Diesel Systems Co., Ltd (RBCD) signed on Thursday a contract with Global Logistic Properties (GLP), Asia's largest industrial and logistics infrastructure provider, to build the first intensive logistics distribution center of RBCD in China. GLP Wuxi New Area Logistics Park is to provide finished stock storeroom for the

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Truckmakers intensify efforts on the self-production of transmissions

Shaanxi Fast Gear (Fast Gear), controlled by Weichai Power, has been a dominant leader in the domestic heavy-duty truck transmission market since the company introduced technologies from Eaton back in the 1980s. In recent years, the company has maintained a solid market share at over 80 percent in the heavy-duty

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