Yale Zhang News
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Toyota Motor Corp.’s Prius hybrid is emerging as the likeliest winner from China’s faltering attempt to dictate the future of world motoring.
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China’s appetite for cars has slowed and Zhu Dongwei, an auto salesman in the central Chinese city of Zhengzhou, is doing all he can to whet it.
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General Motors Co. outsold Volkswagen AG in China in 2012, keeping its lead among foreign automakers in the country for an eighth year, after sales of the U.S. carmaker’s Wuling minivans climbed to a record.
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Daimler AG investors value Mercedes- Benz at half what Bayerische Motoren Werke AG is worth as Chief Executive Officer Dieter Zetsche’s effort to reclaim the title of world’s biggest luxury-car maker falters.
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Pi Wenhui would have bought a 249,800 yuan ($36,600) Mazda if she had gotten a loan. She couldn’t, so like 90 percent of Chinese drivers she paid cash -- and bought a cheaper car.
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Mia Zhao says her parents, part of the generation that came of age in the 1970s, before China introduced free-market reforms, would never spend beyond their savings. Zhao, by contrast, has no problem with debt if it helps her get the things she wants -- like an $88,000 BMW 530Li.
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China’s passenger-car sales rose at the slowest pace in six months, as monetary tightening and the removal of government incentives dented demand at Chery Automobile Co. and Honda Motor Co.
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Honda Motor Co. , Japan’s second- biggest carmaker, said it will resume some production in China as it seeks to reach an agreement with workers to end a strike that halted all its production in the country.
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General Motors Co., the best selling overseas automaker in China, said sales in the nation rose at the weakest pace last month since March 2009, as growth slowed at its SAIC-GM-Wuling Automotive Co. joint venture.
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Geely Automobile Holdings Ltd. said it aims to become China’s largest auto exporter in two years, overtaking Chery Automobile Co. by focusing on expansion in developing countries.
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