SAIC Volkswagen's move to set up an Audi division comes after the premium German marque acquired a 1 percent stake in the joint venture in late June.
SEOUL - President of the Republic of Korea (ROK) Moon Jae-in will visit Washington next month for the summit meeting with US President Donald Trump, the ROK's presidential Blue House said Friday.
Russian President Vladimir Putin hailed his first one-on-one summit meeting with US President Donald Trump as "successful and useful". And Trump described Putin as a "good competitor", while calling that a compliment, after their two-hour closed-door discussions in Helsinki on Monday.
SAIC Motor, China's largest carmaker by sales volume, reported a 15 percent drop in first-quarter net profit on April 29. Net profit for the January-March was 8.25 billion yuan, compared to 9.71 billion yuan a year earlier. Meanwhile, SAIC Motor generated a total revenue of 200.2 billion yuan, down 16.18 percent year-on-year.
Ruyi said "it plans to continue to look for suitable acquisition targets in accord with its development direction, which is to focus on developing business in relation to its core business pursuits".
SAN FRANCISCO - Seattle mayor Jenny Durkan on Saturday announced a city-wide curfew for Satruday and Sunday from 5:00 pm (2100GMT) to 5:00 am (0900GMT) after protests broke out downtown.
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SHANGHAI -- Tesla China said Thursday that its Shanghai gigafactory was adjusting the production arrangement, as a response to recent media coverage about its production after the Labor Day holiday.
Rural road mileage in Tibet is currently 60,421 km, compared with 53,244 km in 2012, thanks to heavy investment in this field.
SEOUL, South Korea — Exit polls in South Korea forecast that liberal candidate Moon Jae-in will win an election Tuesday to succeed ousted President Park Geun-hye.
SEOUL - The Democratic People's Republic said on Thursday it had successfully test-fired a new submarine-launched ballistic missile, or SLBM, from the sea to contain external threats and bolster self-defense, ahead of fresh nuclear talks with the United States.