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Latest Automobile industry in China Stories

2009-12-21 05:15:00

WUHAN, China, Dec. 21 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that at the Company's annual meeting on December 17, 2009, Mr. Hanlin Chen, Chairman, Mr. Qizhou Wu, Chief Executive Officer, Mr. Guangxun Xu, Mr. Bruce Carlton Richardson, Mr. Robert Tung and Mr. William E. Thomson were elected as directors. Guangxun Xu served as the Chief Representative of NASDAQ in...

2009-11-12 05:00:00

SHENZHEN, China, Nov. 12 /PRNewswire-FirstCall/ -- Cogo Group, Inc. (Nasdaq: COGO), a leading platform services provider for the technology and industrial sectors in China, today announced a series of module design wins within the automotive sector. Cogo, in conjunction with its partner, a leading global semiconductor supplier for the auto industry, will provide highly technical module and software solutions for a variety of applications, including intelligent key/locks, dynamic vehicle...

2009-10-28 07:00:00

BEIJING, Oct. 28 /PRNewswire-Asia/ -- The China Economic Monitoring Center of the China National Bureau of Statistics and Sinotrust International Information & Consulting (Beijing) Co., Ltd. jointly release the "2009 Q3 China Automotive Industry Climate Index". 1. The Comprehensive China Automotive Industry Climate Index registers 99.6 points The China Automotive Industry Climate Index records 99.6 points in the third quarter of 2009 (2001=100), up 2.7 points over the...

2009-10-28 06:38:00

HANGZHOU, China, Oct. 28 /PRNewswire-Asia/ -- Zhejiang Geely Holding Group Co. Ltd., a privately-owned Chinese automotive company, today welcomed Ford Motor Company's decision to name it as the preferred bidder for Volvo Car Corporation. Geely, having built one of the fastest growing automotive car companies in China, will now embark on further detailed discussions with Ford, paving the way for a potential acquisition of Volvo that will enshrine management independence at the famous...

2009-10-07 05:00:00

WUHAN, Hubei, China, Oct. 7 /PRNewswire-Asia-FirstCall/ -- China Automotive Systems, Inc., the "Company", (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced it will make a presentation at the 2009 Roth China Conference at the Fontainebleau Miami Beach Hotel. Additional details of the Company's presentation are: Date: October 14, 2009 Time: 10:30 AM - 11:00 AM Venue: Glimmer 4 room About...

2009-09-12 06:52:06

U.S. President Barack Obama has announced a 35 percent import tariff on Chinese car and light-truck tires that U.S. workers contend are disrupting the market. In a proclamation Friday night, Obama said he was acting after the U.S. International Trade Commission determined Chinese car and truck tires were being imported into the United States in such increased quantities or under such conditions as to cause or threaten to cause market disruption to the domestic producers of like or directly...

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2009-08-06 12:27:40

Sources close to the deal making said Chinese automaker Geely Automotive Holding is assembling a bid to purchase Volvo Cars from Ford Motor Co. The bid for the Swedish car company will include a consortium of interests, including an undisclosed investor from Sweden, The Local reported Thursday. Former Volvo Chairman Pehr Gyllenhammar is assisting British investment bank Rothschild to help Geely present its case as a viable bidder, the newspaper said. The plan includes building up market share...

2009-07-23 07:00:00

BEIJING, July 23 /PRNewswire-Asia/ -- China National Bureau of Statistics and Sinotrust jointly released the "2009 Q2 China Automotive Industry Climate Index". 1. Comprehensive China Automotive Industry Climate Index registers at 96.9 The China Automotive Industry Climate Index records 96.9 in the second quarter of 2009 (2001=100), down 1.6 points over the first quarter, which indicates the true recovery of the auto market is not yet in sight, and the industry is still...

2009-07-04 08:00:00

HONG KONG, July 4 /PRNewswire-Asia/ -- The bankruptcy of Chrysler and GM has shocked the entire auto industry chain in America. The falling of giants has set off a chain of bankruptcies of related enterprises on the up and down-stream. Auto-part makers, such as Hayes Lemmerz, the world-famous maker of automobile wheels and braking systems, and Lear, the world's biggest auto-seat maker, are dying off. The U.S. auto industry is on the verge of a complete collapse. While on the other hand,...

2009-06-23 04:00:00

-- Proof that DIAS Business Strategy is Sound -- ALLEN PARK, Mich., June 23 /PRNewswire-FirstCall/ -- DIAS Holding, Inc. (OTC Bulletin Board: DSHL), owner and operator of an International Auto Salon, with 300,000 square feet of exhibition space for Asian companies to display their abilities as component resources, and Asia Forging Supply (AFS), maintaining a decade long record of success as a one-stop supplier for the auto and other industries, today said it noted with significant interest a...