UPS Inc. and FedEx Corp. have won licenses to begin domestic courier operations in China, Bloomberg reported.
September 11, 2012Government
Volvo-Dongfeng China Truck Venture to Begin Operations in Early 2014
Volvo AB’s $900 million joint venture with China’s Dongfeng Motor Group Co. is on track to begin operations early next year, Volvo CEO Olof Persson said, according to Chinese press reports.
April 9, 2013Government
U.S. Files Trade Complaint Against China
The Obama administration filed an automobile-related complaint against China at the World Trade Organization on Monday, accusing it of illegally subsidizing exports of automobiles and auto parts, Bloomberg reported.
September 17, 2012Government, Business, Equipment
Daimler’s China Venture to Build Engine Plant
Daimler AG and its joint-venture partner, China’s Beiqi Foton Motor Co., said they will build a $166 million plant with the capacity to make as many as 45,000 engines a year for its trucks to serve the fast-growing Chinese market.
July 19, 2012Government
Daimler, Foton to Begin China Truck Production in 3Q
Daimler AG and Beiqi Foton Motor Co.’s Chinese joint-venture will produce its first vehicle in the third quarter of this year, Daimler said.
February 21, 2012Government
Chinese Manufacturer Planning Heavy-Duty Truck for U.S., European Markets, Report Says
Chinese truck maker Beiqi Foton Motor Co. has launched a heavy-duty truck for the U.S. and European markets, the first Chinese model built for high-end overseas markets, the China Daily reported.
September 7, 2011Government
Chinese Truckers Protest High Diesel Prices
Truckers in China protested high fuel prices for a third day, the Wall Street Journal reported Friday.
April 22, 2011Government
China’s 2010 Heavy-Duty Truck Sales May Top 1 Million
Sales of new heavy-duty commercial vehicles in China surged 83% from a year ago in the second quarter, ACT Research Co. reported.
September 8, 2010Government
China’s Sinotruk Reports Surge in First-Half Sales, Profit
China’s biggest heavy-duty truck maker, Sinotruk Hong Kong Ltd., said its first-half income surged 77% on higher demand for commercial vehicles, Bloomberg reported.
August 30, 2010Government
China Overtakes U.S. as World’s Largest Energy Consumer
Oil held over $76 a barrel Monday following three straight declines, and the Wall Street Journal reported that China has overtaken the United States as the world’s largest energy consumer.
July 19, 2010