According to the latest statistics from the China Association of Automobile Manufacturers, in the first four months of 2009, compared with the situation of the same period of last year, auto vehicle manufacturers’ auto export vehicles experienced a decline of more than 50% eac.......

Cummins Inc. recently announced its first-quarter 2009 financial report that the company’s net profit for the first quarter was US$7 million, a decrease of 96% from last year.

In terms of company performance, Cummins achieved sales of US$2.44 billion in the first quarter, .......

In recent years, China's self-owned brand auto companies have formulated engine development strategies and achieved certain achievements in engine R&D and production. The gap between the recently put engines and foreign advanced levels is continuously narrowing.

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The average annual compound growth rate of the gas turbine industry in the past 10 years is 13.5%, which is higher than the GDP growth rate over the same period. The sales volume of automotive internal combustion engines accounts for 15.2% of the internal combustion engine industry, .......

Li Tiansheng, general manager of Guangxi Yuchai Machinery Co., Ltd. and his six-member delegation came to Zhongtong bus to visit and discuss strategic cooperation issues. Zhong Hong Bus Holdings Co., Ltd. General Manager Shi Honggong, Deputy Secretary of the Party Committee Yan Hongtao, D.......

The “renewal of old” policy has a huge impact on light trucks and other commercial vehicle markets.

Bus sales are also stimulated by the new policy.

"New trade" subsidies to rescue the market

Last week, the State Council decided to extend t.......

The State Council executive meeting has researched and deployed policies to encourage the “renewal of old cars” policy, and decided to adopt a financial subsidy on the basis of the existing retirement and replacement subsidy policy for old cars. This year, the central governme.......