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Shanghai (AFP) April 9, 2010 China's auto sales jumped 55.8 percent year-on-year in March to 1.74 million units, setting a new monthly record, according to figures released by an industry group Friday. Vehicle sales in the first quarter rose 71.8 percent from the same period last year to 4.61 million, Dow Jones Newswires reported, citing the China Association of Automobile Manufacturers. The March sales surpassed the previous record set in January, when auto makers sold more than 1.66 million vehicles. Sales of passenger vehicles rose 63.2 percent on year in March to 1.26 million units, while sales in the January-March period rose 76.3 percent to 3.52 million units, it said. China's auto sales hit 13.64 million units in 2009, overtaking the United States to become the world's top auto market as Beijing offered incentives such as lower taxes to boost the sector.
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US, Canada finalize new auto fuel economy standardsWashington (AFP) April 1, 2010 The US government Thursday finalized new automobile fuel economy standards starting with 2012 models, a move officials said would save billions of barrels of oil and reduce greenhouse emissions. The rules announced by the Department of Transportation and Environmental Protection Agency "will significantly increase the fuel economy of all new passenger cars and light trucks sold in the United ... read more |
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