Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

China's GAC, BMW expect China sales to grow this year

share with twitter share with LinkedIn share with facebook
09/28/2020 | 11:31am EDT
Man walks past the logo of Chinese automobile maker GAC Group at the company headquarters in Guangzhou

Chinese automaker GAC and Germany's BMW expect sales to grow this year in China, the world's biggest auto market, as consumption revives from COVID-19 lockdowns, officials said on Saturday.

Guangzhou-based GAC, which has partnerships with Toyota Motor and Honda Motor, expects its full-year sales and production to be positive, said general manager Feng Xingya.

Jochen Goller, head of BMW China, said the carmaker expects "single digit growth" in China this year.

The executives were speaking at the Beijing International Automotive Exhibition 2020. GAC previously said it aimed to increase sales by 3% in 2020.

(Reporting by Yilei Sun and Norihiko Shirouzu in Beijing; Editing by William Mallard)


Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.74% 63.48 Delayed Quote.-13.70%
HONDA MOTOR CO., LTD. 2.13% 2585 End-of-day quote.-16.59%
TOYOTA INDUSTRIES CORPORATION 0.74% 6810 End-of-day quote.7.58%
TOYOTA MOTOR CORPORATION 1.70% 6945 End-of-day quote.-9.97%
share with twitter share with LinkedIn share with facebook
Latest news "Companies"
11:38aAEM Salutes Candidates for Supporting Equipment Manufacturers
GL
11:36aTesla to export China-made Model 3 vehicles to Europe
RE
11:36aAnglian Water Services Financing Plc - Publication of Prospectus
PR
11:35aNotification by Bank of Slovenia on the debt-service-to-income (DSTI) ratio limit
PU
11:35aNotification by Magyar Nemzeti Bank (Central Bank of Hungary) on amendments of the FFAR, FECR and IFR regulations
PU
11:35aNotification by the Finnish Financial Supervisory Authority (FIN-FSA) on the loan-to-value (LTV) ratio limit
PU
11:35aNotification by the Financial Market Authority of Liechtenstein on three other systemically important institutions (O-SIIs)
PU
11:35aNotification by the Central Bank of Cyprus (CBC) on five other systemically important institutions (O-SIIs)
PU
11:35aTUI : Directorate Change
PU
11:34aWHITE HOUSE SPOKESWOMAN SAYS CAUTIOUSLY OPTIMISTIC THAT HOUSE SPEAKER PELOSI IS MOVING TOWARD A DEAL ON CORONAVIRUS STIMULUS --FOX NEWS Interview
RE
Latest news "Companies"