Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Space Industry and Business News .




CAR TECH
Style, luxury and performance in Detroit as auto sales boom
by Staff Writers
Detroit, Michigan Jan 14, 2013


GM says China car sales hit record high in 2012
Shanghai (AFP) Jan 14, 2013 - US auto giant General Motors said Monday that its sales in China, the world's biggest car market, hit a record 2.84 million vehicles last year, despite the country's slowing economy.

GM's China sales grew 11.3 percent in 2012 from 2011, which recorded the previous record of around 2.55 million vehicles, the company said in a statement.

GM's sales growth outpaced China as a whole. A Chinese industry group said Friday that China's auto sales rose only 4.3 percent year-on-year to 19.31 million vehicles in 2012.

"GM remained a leader in our company's largest market in spite of a downturn in the commercial vehicle segment," President of GM China Bob Socia said in the statement.

Analysts say a fall in sales of commercial vehicles -- which includes heavy trucks and buses -- hurt growth in China's overall vehicle sales last year.

Passenger car sales were hit by limits on car numbers imposed by some Chinese cities to ease traffic congestion and cut pollution, as well as a political row between China and Japan that hurt sales of Japanese cars.

But other foreign car makers have grabbed market share as Chinese consumers shunned Japanese cars after Tokyo nationalised a chain of islands in the East China Sea which are also claimed by Beijing, sparking nationwide protests.

In December, GM and its ventures in China sold 242,486 vehicles, rising 23.2 percent year-on-year and setting a record for the month, the company said.

Separately, Germany's Volkswagen said on Monday that it sold 2.81 million vehicles in China last year, up 24.5 percent from 2011.

Foreign auto companies in China have been helped by stronger brand recognition and perceptions of better quality among domestic consumers.

Stand-out styling, performance and luxury dominated the Detroit auto show Monday as carmakers jostled for position amid booming sales and renewed optimism after a deep downturn. "Wow, what a difference three years make," Fred Diaz, head of Chrysler's Ram brand said as he accepted the truck of the year award for the Ram 1500 pickup truck. GM, which like Chrysler was restructured under bankruptcy protection in 2009, was awarded the car of the year for its Cadillac ATS sedan. US sales are expected to rise to between 15 and 16 million vehicles this year after jumping 13 percent to 14.5 million vehicles in 2012, the biggest yearly gain since 1984. The Detroit Three carmakers are raking in huge profits again after years of painful restructuring and a renewed focus on the product side of their business. Their Asian and European counterparts are also investing heavily in the United States, as they jostle for position in the highly competitive market and look for a place to boost sales amid a slowdown in China and Brazil and the collapse of European demand. "The product is the best consumers have seen in a long time," Jesse Toprak, an analyst with the automotive site TrueCar.com, told AFP. GM's new Corvette was the most hotly anticipated of the show. The muscular and sculpted Corvette Stingray shares a name with the iconic 1963 model but is an entirely new vehicle, sharing only two parts with the previous generation Corvette. "The soul of our company is sitting right here in Corvette," GM North America president Mark Reuss said. "This car is the reason I work at GM." Daimler also offered a sneak peak at an entirely new car, the compact, stylish -- and lower priced -- Mercedes CLA coupe which is aimed squarely at the youth market. "The CLA is a style rebel," Mercedes design chief Gordon Wagener said. "The dynamic design idiom is manifested in breath-taking proportions, muscular, flowing contours and sculptural surfaces." Both vehicles will have to compete with luxury sports cars from Audi, BMW and a new muscle car from specialty carmaker Shelby. Pickup truck fans will also have plenty of new models to feast their eyes upon, with the new Chevy Silverado and a concept (or pre-production) truck from Ford ahead of the 2015 launch of the next version of its top-selling F-series. Honda will be testing out a concept for a smaller sport utility vehicle, as did Ford's luxury Lincoln brand. There will be plenty of new hulks on the floor as well, especially from Chrysler's Jeep and Dodge brands. And even the more down-market vehicles are going to be decked out with features that were once reserved for luxury brands, like collision avoidance technology and heated side mirrors. "Those features tend to be fairly profitable because once they get into the mass market they're not that expensive to install and consumers will pay fairly well for them," said Jeremy Anwyl, vice chairman of automotive site Edmunds.com. Drivers looking for improved fuel economy will have a wide range of options as automakers push hybrids, diesel and electric vehicles, and boost the efficiency of standard gasoline engines ahead of upcoming tough new government standards. But with hybrids and other alternative powertrains still only making up about three percent of the US market, carmakers are going to have to work harder on their green car pitches. Meanwhile, Toyota on Monday regained the global sales crown lost when the 2011 Japanese tsunami devastated its supplies as US rival General Motors saw its share of the global market shrink. Toyota first overtook GM as the world's biggest carmaker in 2008, a position GM had held for 77 consecutive years. While the largest US automaker is once again making record profits, its sales have been hit by a deep downturn in Europe, the reduction in its offerings and a decision not to chase market share with costly incentives and low-margin fleet sales. "As I said last year, I didn't necessarily want to be number one in sales as I wanted to be number one in profitability -- that's what we focus on," GM chief Dan Akerson told reporters on the sidelines of the auto show. More than 50 new models will be revealed on Monday and Tuesday as automakers vie for the attention of some 6,000 journalists from around the world. The show opens to the public on Saturday and runs through January 27.

.


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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CAR TECH
GM says China car sales hit record high in 2012
Shanghai (AFP) Jan 14, 2013
US auto giant General Motors said Monday that its sales in China, the world's biggest car market, hit a record 2.84 million vehicles last year, despite the country's slowing economy. GM's China sales grew 11.3 percent in 2012 from 2011, which recorded the previous record of around 2.55 million vehicles, the company said in a statement. GM's sales growth outpaced China as a whole. A Chine ... read more


CAR TECH
Study reveals ordinary glass's extraordinary properties

Bottom-up approach provides first characterization of pyroelectric nanomaterials

Chemical modules that mimic predator-prey and other behaviors

Government funding for 'super-material'

CAR TECH
TS Receives Funding For SNAP Deployable Satellite Systems Equipment

MUOS Waveform Will Improve Secure Communications Capabilities

DARPA selects SwRI's K-band space crosslink radio for flight development as part of System F6 Program

BAE pulls out of Australian comms tender

CAR TECH
Roscosmos Releases Report On Proton Launch Anomaly

Russia plans replacement for Soyuz rocket

Arianespace's industry leadership will continue with 12 launcher family missions planned in 2013

Arianespace addresses The Insurance Institute of London

CAR TECH
New location system could compete with GPS

Beidou's unique services attractive to Chinese companies

China eyes greater market share for its GPS rival

Researchers told to ward off navigation system interference

CAR TECH
China-owned BOC Aviation says ordering 50 Airbus A320s

Taiwan expecting US-made Apaches: report

China approves second Beijing airport: state media

Turkey postpones order for its first two F-35 fighters

CAR TECH
New biochip technology uses tiny whirlpools to corral microbes

Power spintronics: Producing AC voltages by manipulating magnetic fields

Researchers demonstrate record-setting p-type transistor

Marvell hit with billion-dollar verdict in patent case

CAR TECH
Canada Launches Final Stage of RADARSAT Project

China no longer reliant on satellite image imports

TerraSAR-X image of the month - the coastal cliffs of Christmas Island

Joint Polar Satellite System Common Ground System now serving newest mission

CAR TECH
China pollution anger spills into state media

Beijing choked by third day of hazardous smog

Italy extends emergency powers for Costa shipwreck

Pollution turns Hong Kong harbour from 'fragrant' to foul




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