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Equity restriction of 50:50 remains in China’s automotive industry

BEIJING – Vehicle manufacturing remains restricted in China and foreign companies still cannot hold more than 50 percent equity shares of a vehicle manufacturing joint venture, according to a revised version of the Industry Catalogue for Foreign Investment (Amended 2011) released by China’s National Development and Reform Commission (NDRC) on

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Volkswagen should respect Chinese consumers

BEIJING – FAW-Volkswagen will recall 563,605 New Sagitars due to a possible defect in the rear suspension system starting on February 2, 2015, according to a statement released by China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) on October 17.  The company said it will fix metal plates to

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Local carmakers give up land

Two local carmakers recently gave up their land to local governments and terminated their investment projects for automobile assembly and parts and components, according to local media. At a recent media briefing in Beijing, Youngman Automobile Group chairman Pang Qingnian (Qingnian means youngman in Chinese) confirmed that the company has

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Volkswage’s DSG Rashomo

By Sun Xiaohong, CBU Guest Columnist Volkswagen’s DSG problem is now a hot topic that keeps popping up whenever media people meet. While many publications choose to remain silent, some who question the fairness of VW’s decision have spoken out. Let us first review what has happened. Owners of

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China announces a£¤6 billion subsidy on energy-saving vehicles

BEIJING – The Chinese government announced on May 16 a ¥6 billion ($952 million) subsidy on 1.6L and under energy-saving vehicles to promote their sales during the period of the 12th Five-Year Plan. Based on the calculation of ¥3,000 per vehicle, there will be two million energy-saving vehicles which will

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