Subscribe free to our newsletters via your
. 24/7 Space News .




CAR TECH
US car giants report record October in China
by Staff Writers
Shanghai (AFP) Nov 5, 2012


Two US car makers said Monday that their sales in China hit record highs in October, as Japanese brands suffered in the Chinese market due to a political dispute between the Asian giants.

General Motors' sales in China -- the world's largest auto market -- surged 14.3 percent year-on-year in October to a record for the month of 251,812 vehicles, the company said in a statement.

For the first ten months of the year, GM and its ventures sold around 2.3 million vehicles in China, up 10.5 percent year-on-year, it said. GM sold more than 2.5 million vehicles in China last year.

Separately, Ford Motor said its sales in China reached a record 60,518 vehicles in October, jumping 48 percent from the same month last year, according to a statement.

Analysts say the row over disputed islands in the East China Sea, known as Diaoyu in China and Senkaku in Japan, has affected Japanese automakers operating in China and helped boost demand for other foreign brands.

Toyota said Monday that it expects to sell 200,000 fewer vehicles in China in the second half of its fiscal year and take a 30 billion yen ($373 million) hit to its bottom line from slumping demand in China.

Toyota, Japan's biggest automaker, sold 900,000 vehicles in China in 2011.

Japan's Honda said last week that the firm would cut its full-year sales forecast in China to 620,000 vehicles from 750,000 units.

China's nationwide auto sales slowed last year from 2010 after the government rolled back purchasing incentives and some cities imposed limits on car numbers to ease traffic congestion and cut pollution.

The nation's auto sales rose just 2.5 percent to 18.51 million units in 2011, compared with an annual increase of more than 32 percent in 2010.

But some foreign manufacturers have managed to buck the trend with better brand recognition and perceptions of better quality among domestic consumers.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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








CAR TECH
Hyundai, Kia to pay owners for inflated mileage
Washington (AFP) Nov 2, 2012
South Korean automakers Hyundai and Kia said Friday they will reimburse car owners in the United States and Canada for having exaggerated the fuel efficiency of their vehicles. The announcement came after the US Environmental Protection Agency said it had discovered inflated gasoline economy numbers on a wide range of Hyundai and Kia models in an investigation sparked by consumer complaints. ... read more


CAR TECH
Moon crater yields impact clues

Study: Moon basin formed by giant impact

NASA's LADEE Spacecraft Gets Final Science Instrument Installed

Astrium presents results of its study into automatic landing near the Moon's south pole

CAR TECH
Mars Longevity Champ Switching Computers

NASA Rover Finds Clues to Changes in Mars' Atmosphere

Survey Of Matijevic Hill Continues

Preliminary Self-Portrait of Curiosity by Rover's Arm Camera

CAR TECH
Voyager observes magnetic field fluctuations in heliosheath

New NASA Online Science Resource Available for Educators and Students

'First' Pakistan astronaut wants to make peace in space

Space daredevil Baumgartner is 'officially retired'

CAR TECH
Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

China to launch 11 meteorological satellites by 2020

China makes progress in spaceflight research

Patience for Tiangong

CAR TECH
Crew Prepares for Spacewalk After Progress Docks

Crew Preparing for Cargo Ship, Spacewalk

Russian cargo ship docks with ISS: official

Packed Week Ahead for Six-Member Crew

CAR TECH
Russian Proton Briz-M Launches Yamal Satellites Into Orbit

SpaceX Transitions to Third Commercial Crew Phase with NASA

Globalstar Birds To Launch On Soyuz Next February

Ariane 5s are readied in parallel for Arianespace's next heavy-lift flights

CAR TECH
Physicists confirm first planet discovered in a quadruple star system

Planet-hunt data released to public

New Study Brings a Doubted Exoplanet 'Back from the Dead'

New small satellite will study super-Earths for ESA

CAR TECH
ORNL Debuts Titan Supercomputer

UNH Space Scientists to Develop State-of-the-Art Radiation Detector

Samsung muscle versus Apple's 'cool'

1.2 billion smartphones, tablets to sell in 2013: survey




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement