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Renault to drive China growth with 7 new locally-produced models by 2022, eyes sales of 550,000 units

PARIS – Groupe Renault plans to launch seven new locally-produced models in China by 2022, including three electric vehicles, as it plans to increase sales in the world’s largest automobile market by more than 15-fold from just over 36,000 units to 550,000 units. The move is part of Drive the

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GAC-Mitsubishi to acquire Mitsubishi China Sales Co.

GUANGZHOU – GAC-Mitsubishi Motors Co., Ltd. will offer no more than ¥348 million ($54.5 million) for 100 percent controlling stake in Mitsubishi Motors Sales (China) Co., Ltd., the sole distributer of imported Mitsubishi vehicles in China, according to a statement from parent company Guangzhou Automobile Group Corp. (GAC) on November

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Japanese car sales plunge in September amid anti-Japan protests

BEIJING – Japanese automotive brands saw sales plunge in China in September as anti-Japan protests intensified during the month caused by rival claims on a group of disputed islands between the two countries. Toyota said its China sales in September dropped 48.9 percent year-on-year to only 44,100 units, while Honda,

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Top 20 imported cars in 2011

According to vehicle registration data, China sold 832,216 imported passenger vehicles in 2011. BMW ranked No. 1 and Mercedes-Benz No. 2, each selling over 110,000 units. The top 10 imported brands were BMW, Mercedes-Benz, Lex, Audi, Volkswagen, Subaru, Toyota, Land Rover, Hyundai and Kia. The top 20 imported brands and

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