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       AUTOMOBILE Next Article: VW's new CEO asserts authority as sets out on road to reform  
       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
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  
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
China to lift foreign ownership limits on automakers  
VW's new CEO asserts authority as sets out on road to reform  
Paris Motor Show 2018 to be trendsetter in showcasing futuristic technologies in automobile space  
Mahindra Electric, Zoomcar partner to offer self-drive EVs on rent  
Ford could make electric cars in Germany after 2023  
 
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