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Audi Dealer Association sends letter of discontent to Audi over senior exec comments

BEIJING – On March 20, five days after Audi senior executives told the Chinese media in an interview that Audi would not force dealers to maintain relationship against their will if trust is lost, the CADA Audi Dealer Association expressed its discontent over the comments in a heated letter requesting clarification

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Market “on drugs,” time for “medication” to stop?

“Crazy” or “strange” probably would be an understatement to describe what has transpired in the industry toward last few remaining months of 2016. All kinds of sales records were shattered as many carmakers had already reported sales exceeding 2015 totals or significantly surpassing sales targets for 2016 long before December

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Trade volume of China’s used vehicle market to surpass 10 million units in 2016

BEIJING – China’s used vehicle trade volume is expected to surpass 10 million units in 2016, according to the Used Vehicle Financial Risk Management Report jointly released recently by iResearch and dycd.com. (Update: China’s used vehicle transactions reached 10.39 million units in 2016, up 10.33 percent from 2015, according to

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Market “on drugs,” time for “medication” to stop?

“Crazy” or “strange” probably would be an understatement to describe what has transpired in the industry this year especially over the remaining few months. All kinds of sales records are being shattered as many carmakers had already reported sales exceeding last year’s totals or significantly surpassing sales targets for this

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AutoLab forum talks manufacturing, using and financing the vehicle

The Third AutoLab Auto Industry Annual Forum organized by AutoLab, a communications and service platform focused on new energy vehicles, telematics, aftermarket, e-commerce and entrepreneurship and investment, was held on December 2 in Shanghai. With a theme of “Uniting Forces and Confronting Transformation,” the forum discussed new manufacturing movement, smart

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Dealers triumph as Audi halts talks with SAIC on network and channels

BEIJING – Audi has decided to temporarily stop negotiations with SAIC Motor on dealer network and sales channels, according to an internal letter sent to China Automobile Dealers Association (CADA) Audi Dealer Association on November 30 by Audi China President Joachim Wedler. “When the existing dealers have a long-term and

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Audi’s “engagement” with SAIC a dangerous but necessary move

Get used to Audis produced and sold by SAIC-Volkswagen. SAIC Motor’s MOU signed with partner Volkswagen Group on November 11 to produce and sell Audis at their joint venture SAIC-Volkswagen, following several days of rumor mills, is the latest shocker in an industry already filled with blockbuster news this year.

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Despite uncertainties in Q4, “gushing” September points to another record year

“Prehistoric powers,” words used by Chinese swimmer Fu Yuanhui describing her efforts at this summer’s Olympic Games, might be a good phrase to describe China’s auto market in September and third quarter. China sold 2.56 million automobiles in September, up 26.14 percent year-on-year, according to data released by China Association

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Guazi.com A round financing surpasses $204.5 millio

BEIJING – Guazi.com’s A-round financing has surpassed $204.5 million, according to CEO Yang Haoyong on the one year anniversary of the establishment of Guazi.com here on September 13. Investors for this round of investment were Sequoia Capital China and Guangxin Capital. Other investors included Capital Hike and Star Angel Fund, valued

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MAS@Beijing 0817 recap: Dealers should rebuild trust to survive

BEIJING – Dealers are under greater pressure in China than elsewhere in the world due to a combination of consumer behaviors and active interests from outside the industry and they must rebuild trust from consumers to survive. That was the conclusion from CBU/CAR’s Monthly Automotive Salon (MAS) held on August

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