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September 24, Monday 2018 7:03 AM       

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       China to lift foreign ownership limits on automakers
 
         Posted on :17:27:17 Apr 17, 2018
   
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       Last edited on:17:27:17 Apr 17, 2018
         Tags: China, lift foreign ownership limits, automak
 

BEIJING: China announced a timeline for lifting ownership limits on foreign automakers Tuesday, meeting a longtime demand of the United States and Europe that President Xi Jinping pledged to fulfil last week.

The country will end shareholding limits for new energy vehicle firms this year, followed by commercial vehicles in 2020 and passenger cars in 2022, the National Development and Reform Commission said.

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Next Article: VW's new CEO asserts authority as sets out on road to reform
 
 
AUTOMOBILE HEADLINES
Gill holds on to lead in Maruti Suzuki Dakshin Dare  
Honda Navilution sale crosses one lakh mark  
Tata Motors plans to roll out 10-12 new passenger vehicles in next 5 years  
Harley seeks alliance for lightweight bikes to grow India business  
Maruti Suzuki to Recall 1,279 units of new Swift and Dzire models  
Hyundai to drive in an electric SUV in India next year  
New Fiat Chrysler boss set to stay on course in post-Marchionne era  
Passenger vehicle sales rise 38% in June; car sales up 34%  
Hyundai crosses 8 mn cumulative production milestone in India  
India could have 10 million CNG vehicles on roads by 2025: Report  
Apple signs deal with Volkswagen for driverless cars  
Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
 
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