September 09, 2010

Chinese Auto Sales Over 1 Million in August

Retail passenger car sales in China soared almost 60% over last year in August. Year-to-date the top auto sellers are the SAIC group (including Shanghai GM now run directly from Shanghai); GM; Dongfeng Motor; Toyota; and Honda.

Ford Motor ranks number 6 but is growing fast including a brand new partnership with Chongqing Changan Auto to build cars for export outside China.

In other auto news Chongqing Changan Auto's joint venture with Peugeot will invest billion$ to produce Citroen's top DS line of small cars and create a new brand for the company....

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