Archive for June, 2010
Happy days – Price of fuel falls at the pump
Chinese drivers have been paying record prices for their fuel prices over the past six months, and today on Children’s Day, the government has lowered the price of fuel slightly at the pump, showing that somebody does indeed think of the children. Gasoline prices have dropped by 230rmb per metric ton, and diesel has dropped [...]
BYD to take fight into JV segment
BYD have run amok in the Chinese car industry in the past two years, seemingly coming from nowhere with their purchase of a bankrupt state owned car maker into one of the power houses of the Chinese car industry that has made Chery’s and Geely’s growth look rather meager in comparison. BYD saw sales of [...]
Honda to use imported parts to continue production
Honda’s workers at its Chinese plants recently went on strike demanding that their pay rise from 1,500RMB per month to 2,500rmb per month, as a result this has severely affected Honda’s production in China and has led to Honda relying on imported auto parts. Honda’s workers still remain on strike, Honda are relying on parts [...]
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