. 24/7 Space News .
CAR TECH
China auto sales jump in February: industry group
by Staff Writers
Shanghai (AFP) March 10, 2017


Automobile sales in China jumped more than 22 percent year-on-year in February, an industry group said Friday, in fresh evidence that a cut in purchase taxes was supporting demand in the world's largest car market.

Sales reached 1.94 million units last month, up 22.37 percent compared to the same time last year, the China Association of Automobile Manufacturers (CAAM) said in a statement.

The result provided fresh evidence of solid sales in the sector after authorities slashed a purchase tax in late 2015.

Auto sales surged nearly 14 percent in 2016, marking the fastest full-year growth in three years.

February's sales marked a drop from January of 23.03 percent, the CAAM said, blaming the Chinese New Year holiday that lasted for much of the first half of last month.

Originally set at 10 percent, China halved the tax rate for small-engine passenger cars in October 2015 to buoy sales.

However, the finance ministry announced last month that the tax would be increased to 7.5 percent beginning January 1 of this year and restored to the original rate of 10 percent next year.

The Chinese auto market is crucial to manufacturers worldwide, but February saw some foreign firms in the slow lane, with US auto giant General motors selling 246,730 vehicles, up only 0.4 percent year-on-year, while Ford's sales rose 2 percent to 64,641 units.

CAR TECH
Pressure mounts on Uber and CEO after missteps
Washington (AFP) March 7, 2017
After a series of embarrassing revelations, ridesharing giant Uber faces challenges in keeping growth on track, with top executive Travis Kalanick likely to face pressure to give up some control. Analysts say Uber's rocky past month - marred by disclosures about a culture of sexism and its covert use of law enforcement-evading software - underscores the need for more mature management at t ... read more

Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
India has capability to develop space station, says top official

Orion spacecraft achieves key safety milestone

The NASA Imager Dentists Use Daily

Marshall shakes, packs, ships and tracks NASA payloads

CAR TECH
Elon Musk: tech dreamer reaching for sun, moon and stars

ULA launches NROL-79 payload for NRO

SpaceX says it will fly civilians to the moon next year

Moon tourists risk rough ride, experts say

CAR TECH
Humans May Quickly Evolve on Mars, Biologist Claims

NASA Orbiter Steers Clear of Mars Moon Phobos

Remnants of a mega-flood on Mars

Science checkout continues for ExoMars orbiter

CAR TECH
Riding an asteroid: China's next space goal

Thinking Big: China Hopes to Conduct 2nd Mission to Mars by 2030

China to Conduct Test Flight of CZ-8 Carrier Rocket by 2018

China to launch first high-throughput communications satellite in April

CAR TECH
Iridium Safety Voice Communications Installs Surge Past 500 Aircraft

OneWeb, Intelsat merge to advance satellite internet

Turkey Moves Closer to Launching Own Space Agency

GomSpace to supply satellites for Sky and Space Global constellation

CAR TECH
Understanding what's happening inside liquid droplets

3-D printing with plants

Researchers remotely control sequence in which 2-D sheets fold into 3-D structures

Aireon and Thales Begin Validation of Space-Based ADS-B Data

CAR TECH
Hunting for giant planet analogs in our own backyard

Faraway Planet Systems Are Shaped Like the Solar System

Biochemical 'fossil' shows how life may have emerged without phosphate

The missing link in how planets form

CAR TECH
Juno to remain in current orbit at Jupiter

Europa Flyby Mission Moves into Design Phase

NASA receives science report on Europa lander concept

New Horizons Refines Course for Next Flyby









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.