The Shanghai Automotive Industry Corporation is planning to purchase shares in the upcoming General Motors IPO.
Category Archives: Car Companies
Global Vehicles USA hoping to begin Mahindra sales by spring 2011
Global Vehicles USA is hoping to begin sales of Mahindra’s pickup trucks by spring 2011, despite the ongoing dispute between them and Mahindra.
GM becomes first global automaker to sell 2 million vehicles in China in a single year
General Motors has become the first global automaker to sell 2 million vehicles in the Chinese market in a single year.
Uwe Gemballa’s killer put behind bars
The man responsible for the murder of Uwe Gemballa about a month ago was reportedly arrested, convicted, and sentenced last week, all in a mere 24 hours.
BYD profits fall by 99 percent
BYD, the Warren Buffet-backed Chinese automaker, experienced a 99 percent drop in profits during the third quarter of this year, with a net income of $1.7 million.
Citroen putting Metropolis into production
Citroen will reportedly be putting the Metropolis into production as part of their plan to enter the luxury car market in China.
Ford posts $1.7 billion profit for Q3 2010
Ford has announced that they posted a $1.7 billion profit during the third quarter of this year. This marks Ford’s sixth consecutive quarterly profit.
GM to use new advertising slogan for Chevrolet: “Chevy runs deep”
General Motors will be using a new advertising slogan for Chevrolet: “Chevy runs deep”.