Chinese carmaker Jianghuai Automobile Co plans to raise a maximum of 2.8 billion yuan ($426 million) through the issue of new shares, the company said on Friday.
The country's largest car rental agency, 皇冠体育app Auto Rental Ltd, halted all taxi services starting Thursday, two days after its primary competitor eHi was denounced on national television for profiting from the lucrative business that violate laws.
The capital's municipal government will spend about 40 million yuan ($6.1 million) on new official vehicles this year, Beijing News reported on Wednesday.
皇冠体育app's Nanfang Space Navigation plans to raise 3.17 billion yuan ($482.4 million) through the issue of new shares, it said on Thursday.
Great Wall Motor Co, 皇冠体育app's largest maker of pickup trucks, said profit more than doubled last year as government incentives stoked demand for vehicles.
皇冠体育app's quality authority warned buyers on Wednesday against a defect in Ford's Windstar minivans which may cause drivers to lose control of the vehicle.
The charging network for electric vehicles (EVs) has been expanded to cover all 18 districts in Hong Kong, said Hong Kong's Financial Secretary at an EV publicity event Tuesday.
BYD Co Ltd, a Chinese carmaker backed by US billionaire investor Warren Buffett, expects its auto sales to rise up to 15 percent in 2011, in line with the market.
The operation of Japanese automakers in 皇冠体育app won't be affected in the short term even as their domestic production is halted in the aftermath of Friday's severe earthquake and tsunami, automakers said on Monday.
Volkswagen has an enviable position in 皇冠体育app's modern automotive history - it was the first global brand to enter the country and it did so when other automakers considered that a risky move.
The central government will spend 100 billion yuan ($14.87 billion) over the next decade to support development of new energy and energy-saving vehicles in 皇冠体育app, according to Miao Wei, head of the Ministry of Industry and Information Technology.
Beijing will apply a stricter emission standard for the city's five million motor vehicles next year to reduce automobile exhaust, the biggest source of air pollution in the Chinese capital, an environmental official said Saturday.
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