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Multinationals pessimistic about the China market

“Overcapacity and insufficient demand will be a long-term phenomenon in China,” Shen Jinjun, director of China Automobile Dealers Association (CADA), was quoted as saying in a signed article published by Jingji Guancha Bao or Economic Observer. Given the current situation, multinational OEMs in China are forced to lower their 2015

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Volkswagen and SAIC sign cooperation agreement on e-mobility research

BERLIN – Volkswagen and SAIC signed an agreement on expanding the main plant of the Chinese joint venture Shanghai-Volkswagen in Anting to meet the new challenges associated with local production of electric vehicles at the Volkswagen Group Forum DRIVE in Berlin on June 3, according to a company news release.

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Shanghai-GM announces major price cut

SHANGHAI – Shanghai-GM announced a price cut for its Buick, Cadillac and Chevrolet brand vehicles on May 12, becoming the fifth joint venture which started vehicle price reduction in China after Shanghai-Volkswagen, FAW-Volkswagen, Chang’an-Ford and Beijing-Hyundai. Information on Shanghai-GM’s price cut campaign is included in the following table. Price reduction

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Hangzhou dealers offer subsidies to car license plate applicants

HANGZHOU, Zhejiang – Dealers started to offer subsidies to car license plate applicants in Hangzhou, Zhejiang Province, in an attempt to attract potential car buyers after the city implements the car ownership restriction policy this year, reported National Business Daily. Hangzhou provided 6,666 car license plates in May, including 5,866

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Automotive brands’ aftersales service satisfaction index drops in China in 2013

BEIJING – Aftersales service satisfaction index of automotive brands operating in China saw a decline in 2013, according to the “2013 China Auto Brand Satisfaction Survey” released by Lansion Technology Co., Ltd. on November 28. The average satisfaction index of Chinese independent brands on aftersales service dropped 28 points year-on-year

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