Cars
China to Withdraw Support for Foreign Investments in the Auto Industry in 2012
The new year will bring some significant changes for carmakers that had plans to invest in China as the world's most populous country will stop encouraging foreign investment in the auto industry putting an end to seven years of benefits that included reduced tariffs on imported equipment. China's National Reform and Development Commission (NRDC) and the Ministry of Commerce made a joint announcement on the move that is due to come into effect on January 30, 2012.
Read more »
-
Daimler And China's Byd Name Their New Ev Brand Denza
It's been close to two years since Mercedes-Benz's parent company Daimler and China's BYD formed a new 50-50 joint venture under the name BDNT (BYD Daimler New Technology Co. Ltd) for the development and production of affordable electric...
-
Gm Not Worried About China’s Latest Measures Against Foreign Automakers
As we reported earlier this week, in a second move this month after imposing new duties on U.S.-made cars, China’s National Development and Reform Commission and its Commerce Ministry announced that they are putting an end to investment incentives,...
-
China Slaps New Duties On U.s.-made Cars Because It’s Damaging Its Domestic Industry!
Another chapter in the tense relationship between the world’s two biggest economies, those of the United States and China, has opened today with the announcement by Chinese authorities of new duties on U.S.-made cars that are imported into the...
-
China ‘outwits’ The Wto By Raising Taxes On Large Displacement Engines
For a while now, the US, Canada and the European Union have been fighting China over Beijing’s unfair tax treatment for imported foreign car parts. According to the Chinese law, imported new cars are subject to a 25% tariff while foreign parts...
-
Honda To Create New Brand In China - First Model To Be Introduced In 2010
Honda’s manufacturing joint venture in southern China, Guangzhou Honda Automobile Co, officially announced its plans to develop a car that will be marketed under an all-new brand. This is the first time that a foreign car venture will develop...
Cars