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Roundup of commercial vehicle enterprise financial reports in 2015 (I)

Major public-listed commercial vehicle and construction machinery manufacturers recently released their financial performance for 2015. Below are some highlights of their financial reports. DFG sales revenue increases 52.3 percent According to the 2015 yearly performance of Dongfeng Motor Group Co., Ltd. (DFG), the company witnessed sales revenue increase of 52.3

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Chinese domestic carmakers announce 2020 sales goals

Six major automakers in China have announced their 2020 sales goals, including FAW, Dongfeng Motor Group (DFG), SAIC, Chang’an, GAC and Brilliance Auto, reported gasgoo.com.  FAW FAW plans to sell more than 4 million vehicles, including 2 million Chinese brand models in 2020, and introduce 18 new Chinese brand models.

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Dongfeng-Volvo: an alliance based on trust and understanding

Dongfeng Motor Group Co., Ltd. (DFG) and AB Volvo held an inauguration ceremony in Shiyan, Hubei Province on January 26, 2015 to celebrate the establishment of Dongfeng Commercial Vehicle Co., Ltd. (DFCV). The two companies signed a strategic cooperation agreement exactly two years ago to establish the joint venture based

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Dongfeng-Honda’s new plant in Wuhan gets approval

WUHAN, Hubei – Dongfeng-Honda’s third plant in Wuhan, Hubei Province has been approved by Hubei Provincial Development and Reform Commission, according to a report on auto.souhu.com. With a total investment of ¥5.2 billion ($867 million), the plant will be built in two phases and capable of producing 240,000 vehicles per

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Honda recalls vehicles in China over faulty airbags

Honda’s two joint ventures with Chinese partners GAC-Honda and Dongfeng-Honda announced plans to recall vehicles over faulty airbags on December 16, according to a statement on the website of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). GAC-Honda, a joint venture between Honda and Guangzhou Automobile Group Co.,

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