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Joint-venture partners plan to invest $5bn by 2030 and cut costs through increased local sourcing
Statement comes after allegations that forced labour was used at a test track
Local automaker capitalises on rising demand amid price war that Tesla sparked last year
Marketed as ‘commuting tool’, Hong Guang Mini has won over drivers and outsells Model 3
Market predicted to become third largest with number of first-time buyers set to increase
Japan’s dominance could be challenged within a decade as investment in region surges
German carmaker eyes greater control of unit while boosting overall margins
Buying streak set to double last year’s record total despite deal scrutiny
Investors unsettled by decision to lift foreign investment restrictions
Carmaker in talks with union and government on future of remaining three factories
Filing in India shows smartphone maker is considering moving into vehicles
Success at home counts for little when challenging established players abroad
Local governments take up baton in China’s efforts to revive slowing economy
New family of vehicles to be developed with Chinese partner SAIC
Carmaker challenges Japanese grip on the region
The euphoria from the biggest automotive boom in industrial history is being tempered by unexpected risks
Quality improvements have not been enough to arrest a dramatic drop in market share for local car companies this year
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