Guangzhou Auto News
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Three months after a territorial dispute led rioters to vandalize Japanese cars in China, automakers from Toyota Motor Corp. to Nissan Motor Co. are luring back buyers with discounts and guarantees. Dealers like William Chen may take more persuasion to invest in the brands.
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Bloomberg's Paul Allen reports on the Guangzhou auto show where Japanese car makers are finding the sales pitch harder than before.
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Toyota Motor Corp. and Honda Motor Co., recovering from a consumer backlash in China, will continue to expand in the world’s largest auto market as their local venture partner said the worst is over.
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Asian stocks rose this week by the most in two months as U.S. jobs and home data and China’s preliminary manufacturing report showed signs the world’s two largest economies are recovering.
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General Motors Co., which counts China as its biggest market by volume, said its sales in the world’s largest auto market may see a lift next year from gains in commercial vehicle deliveries and demand for passenger cars.
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Toyota Motor Corp., which saw its China sales plunge for the last two months, said it expects demand for Japanese cars to soon return to levels before protests erupted in September over a territorial dispute.
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Denway Motors Ltd. , the carmaker being taken over by Guangzhou Automobile Group Co., halted trading of its shares in Hong Kong ahead of an announcement on the deal.
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Guangzhou Automobile Group Co., which makes cars with Toyota Motor Corp., Honda Motor Co. and Fiat SpA, reported first-half profit that missed analysts’ estimates amid an industry-wide slowdown in vehicle demand.
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Guangzhou Automobile Group Co. , the Chinese partner of Toyota Motor Corp., offered stock valued at HK$26 billion ($3.3 billion) for the rest of Denway Motors Ltd. to gain auto ventures in the world’s largest car market.
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Guangzhou Automobile Group Co. , the Chinese partner of Toyota Motor Corp., offered stock valued at HK$26 billion ($3.3 billion) for the rest of Denway Motors Ltd. to gain auto ventures in the world’s largest car market.
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