• VW will launch more than 20 EVs and plug-in hybrids in China

    2018-07-27
    SHANGHAI -- Volkswagen Group said Tuesday it will launch more than 20 electric vehicles and plug-in hybrids in China over the next few years."In the near future, Volkswagen will be offering Chinese drivers more than 20 NEVs, from small cars to large-sized SUVs, from plug-in hybrids to pure electric cars," said Jochem Heizmann, head of Volkswagen Gr...
  • Top Chinese official accused of taking bribe from Toyota JV

    2018-07-27
    A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping to approve the opening of a Toyota Motor Corp. dealership.Liu Tienan, 59, former deputy head of the National Development and Reform Commission, and his son Liu Decheng took 35.6 million yuan ($5.8 million) in ...
  • Shanghai VW names industry veteran Chen Zhangxian as president

    2018-07-27
    Shanghai Volkswagen Automotive Co., a joint venture between the Volkswagen Group and SAIC Motor Corp., has hired veteran auto industry executive Chen Zhangxian as its new president.Chen was president of United Automotive Electronic Systems Co., a supplier joint venture between Robert Bosch GmbH and SAIC's China United Electronics Co. subsidiary. Hi...
  • Antitrust laws are needed, but China's regulators must not abuse their power

    2018-07-27
    China's recent antitrust investigations have caused great concern among auto executives.Anti-monopoly laws are needed in any maturing market. Since there is a natural tendency to create monopolies, there must be a way to limit their negative impact on consumers.Antitrust investigations into monopolies are common in Europe as well as other markets.A...