TWO Midland carmakers
have secured Chinese investment as part of a series of business announcements during the state visit by China's president to London.
The President LG Chem Kwon Young-soo revealed, "With this deal, we have secured more than half of China's top 10 carmakers
The Jiangsu pricing regulator said it had also fined some dealers of the luxury carmaker
Europe's second-largest carmaker
has been looking to shore up its finances and secure a stronger beachhead in China, the world's top car market, since the slump in European auto sales forced it to seek a state bailout for its finance arm in 2012.
It is currently the world's third-biggest manufacturer, behind Japan's Toyota and US carmaker
, which was losing as much as $100 million a day at the time.
Amit Kaushik, principal analyst at IHS Automotive, says there is huge potential in this segment: "Luxury carmakers
have started addressing the emerging community, which is a large buyer base.
Qatar Holding is already a long-term investor in German companies including carmaker
Porsche Automobil Holding and builder Hochtief.
0 earthquake in March rocked northeastern Japan and forced carmakers
to slash output.
The breach involved the unauthorized access of information in 2009 records, specifically name, address, Vehicle Identification Number (VIN), and in a small number of cases, Honda Financial Services (HFS) account numbers, the carmaker
Nissan, Japan's second-largest carmaker
, has declined 7 percent, while third-ranked Honda has fallen 8.
Renault saw January group sales fall 5.