Subscribe
Newsletters

China to scrap foreign ownership caps on automakers by 2022

Workers assemble vehicles at Changan Ford plant in Harbin in March. (REUTERS)
NS
By:
Norihiko Shirouzu and Adam Jourdan
April 17, 2018 05:00 AM

BEIJING/SHANGHAI -- China will end foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to global automakers.

Featured Stories

Opinion
Column: Full-size electric pickups are failed product planning experiment and industry disaster

Automakers took a big swing with full-size EV pickups, betting different powertrains wouldn't change Americans' love for big trucks. But automakers were wrong.

LP
By:
Larry P. Vellequette
Column: Full-size electric pickups are failed product planning experiment and industry disaster
Ram
That thing’s got a Hemi again: Ram revives its roaring V-8
VB
By:
Vince Bond Jr.
That thing’s got a Hemi again: Ram revives its roaring V-8
Buy-Sell
Top 150 auto retailer adds Infiniti store among latest buy-sell deals tracked across 8 states
GK
By:
Gail Kachadourian Howe
Top 150 auto retailer adds Infiniti store among latest buy-sell deals tracked across 8 states
China
Report: Burning ship bound for Mexico carried cars from Chinese brands; photos released
BN
By:
Bloomberg News
Report: Burning ship bound for Mexico carried cars from Chinese brands; photos released

Latest News

Mercedes proposes deal to allow tariff-free U.S. exports to Europe
China warns BYD, rivals to self-regulate on price war woes
EEOC sues Maryland dealership, alleges store did not allow disabled veteran to bring service dog to work
Canada’s April auto exports plummet 17% in face of U.S. tariffs
Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Register for the Automotive News Congress, Sept. 10-11, in Detroit
Register for the Automotive News Europe Congress, June 11-12, in Turin
Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy
Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more
Staying current is easy with newsletters delivered straight to your inbox.