China’s passenger-car sales in April rose 1.3 percent from a year earlier to 1.08 million units, China’s Passenger Car Association said today in an e-mailed statement.
Toyota Motor Corp. , Nissan Motor Co . and Honda Motor Co. said car production in China was unaffected after the strongest earthquake on record in Japan forced parts makers to halt plants.
Japan’s auto parts makers, faced with continuing production interruptions after the March 11 earthquake, may relocate more factories to China as a result of the disaster, according to a Chinese government official.
General Motors Co., the biggest U.S. automaker, expects its sales in China to rise by as much as 15 percent next year as demand for vehicles gains in the world’s fastest-growing major economy.
Mazda Motor Corp. fell 3.3 percent to 207 yen as of 9 a.m. in Tokyo trading after Nikkei English News reported Ford Motor Co. may reduce its stake in the Japanese automaker.
Toyota Motor Corp. will recall a total of 1.53 million vehicles globally for a brake fluid problem, spokesman Paul Nolasco said by phone from Tokyo.
When Warren Buffett visits Chinese carmaker BYD Co. next week, he’ll find a company facing sliding sales and legal disputes with the government and Foxconn International Holdings Ltd.
Cathay Pacific Airways Ltd. offered to raise pay to its pilots by as much as 12.3 percent, the South China Morning Post reported today, citing an unidentified company spokeswoman.
China’s vehicle imports may rise about 20 percent, China Securities Journal reported, citing the China Automobile Dealers Association.
Sales at BYD Co., the Chinese automaker backed by Warren Buffett, totaled 33,085 vehicles in September, Jasmine Huang, a spokeswoman for the Shenzhen-based company, said by phone today.