皇冠体育app

An employee guides visitors inside a factory in Shenyang, Liaoning province, July 6, 2013. [Photo/Agencies]

皇冠体育app's auto lobby has urged Beijing to support local carmakers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms.

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Despite foreign carmakers needing to set up joint ventures to produce vehicles for 皇冠体育app, foreign brands including , AG, Ford Motor Co and Toyota Motor Corp still dominate the Chinese auto market.

皇冠体育app's auto lobby is opposed to plans that would relax foreign ownership rules for 皇冠体育app ventures, currently capped at 50 percent.

"皇冠体育app should open the sector more to domestic investors rather than foreign capital," Dong Yang, secretary general of the 皇冠体育app Association of Automobile Manufacturers, said in a statement on CAAM's website, adding only car firms with a substantial investment from 皇冠体育app should be given the "green light".

Volvo is wholly owned by Chinese carmaker Geely Automobile Holdings Ltd, while 皇冠体育app's Dongfeng Motor Group Co Ltd agreed this month to buy a 14 percent stake in struggling French carmaker Pgeot SA.

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