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  • Innovation and localization become the core competitiveness

    2014-11-08

    China is becoming one of the most important car markets in the world, this view has also been confirmed by the leader of tape manufacturer—tesa. In order to improve the competitiveness, tesa has been accelerating the process of localization and increasing the investment for research and development to bring the most advanced technology. Meanwhile, in order to cater to the trend of lightweight and environmental protection, tesa provides a wide range of solutions for the car makers. tesa’s marketing director of Greater China said that the reason why tesa owns a high reputation in China is not only because of their product, but also because of their professional employees.【view】

  • Ex-Ferrari boss Montezemolo picked to be chairman of Italys Alitalia, report says

    2014-11-07

    Alitalia has lined up former Ferrari boss Luca Cordero di Montezemolo as chairman and Etihad Airways CEO James Hogan as his deputy in the new company that will be formed when the Italian airline ties up with the Abu Dhabi-based carrier, two sources close to the matter told Reuters today.【view】

  • VW China plans to introduce over 20 new energy vehicle models by end of 2018

    2014-11-07

    Gasgoo.com (Shanghai November 7) - Volkswagen is planning to release over 20 new energy automobile models in China by the end of 2018, the National Business Daily reported today, quoting a statement made by VW China President and CEO Jochem Heizmann. The majority of these vehicles will be manufactured in China. According to Dr. Heizmann, new energy vehicles will play an important part in VW's global strategy. Dr. Heizmann also believes that China will lead the global new energy vehicle industry.【view】

  • BMW ready for slower growth in China

    2014-11-07

    Gasgoo.com (Shanghai November 7) - BMW is well-prepared for slowing sales growth rates in the Chinese automobile market, BMW AG CEO and Board Chairman Norbert Reithofer (pictured) stated, yicai.com reported today. According to Dr. Reithofer, although Chinese market growth this year is estimated to exceed ten percent, the rapid growth rates from the previous years will not reoccur. As growth in the Chinese market begins to normalize, it will soon start to resemble the US market, Dr. Reithofer explained.【view】

  • German car sales rise 4% in October, boosted by demand from business customers

    2014-11-06

    Car sales in Germany rose 4 percent in October, extending the increase seen so far this year in Europe's largest auto market despite a weakening domestic economy.【view】

  • “Chinese Auto Parts Industrial Development Annual Report (2014)” Review Meeting Held in Beijing

    2014-11-06

    [CAAM] On Oct. 22nd, “Chinese Auto Parts Industrial Development Annual Report (2014)” review meeting was held in Beijing. The expert group members, the secretaries general and representatives of auto parts branches as well as related staff of Parts Department of CAAM attended this meeting. The meeting was hosted by the Deputy Secretary General of CAAM Mr. Ye Shengji.【view】

  • Audi profit margin slips as plant costs offset sales gains

    2014-11-04

    Audi's profitability slipped during the third quarter as spending on new factories and models outweighed gains from record sales. Profit as a proportion of sales at Audi eased to 9.2 percent in the third quarter, from 9.4 percent a year ago, the carmaker said.【view】

  • Toyota recalls 466,000 vehicles globally for spare tire, braking issues

    2014-05-23

    Toyota Motor Corp (7203.T) said on Thursday it is recalling 466,000 minivans and cars globally, mostly in the United States, for possible faulty brakes and loss of a spare tire.【view】