Space Industry and Business News  
CAR TECH
China auto sales increase in May: industry group
by Staff Writers
Beijing (AFP) June 13, 2016


Car sales in China, the world's top auto market, increased at a faster pace in May than the previous month, an industry group reported Monday, despite continued woes in the country's economy.

A total of 2.09 million vehicles were sold in China last month, up 9.8 percent from a year ago, the China Association of Automobile Manufacturers (CAAM) said in a statement.

The numbers were an increase on the 6.3 percent gain posted in April.

The pickup came despite protracted weakness in the world's second-largest economy, where growth slowed to 6.7 percent in the January-March period, the worst quarterly expansion in seven years.

Key economic indicators further deteriorated in May, with official figures released this week showing the increase in fixed-asset investment, a main gauge of infrastructure spending, has slowed to its weakest pace in 16 years.

Some economists have predicted China's expansion will slow further in the second quarter.

Auto sales in the country reached 24.6 million last year, and in October the government sought to boost the market by slashing the purchase tax on passenger cars with small engines.

Sales of passenger cars reached 1.79 million units in May, up 11.3 percent year on year, CAAM data showed.

US automaker General Motors outperformed the overall market, reporting earlier this month a 16.9-percent surge in May sales in the country to nearly 300,000 units on the back of strong demand for its sport utility vehicles, multi-purpose vehicles and luxury cars.

Japanese car manufacturer Toyota sold more than 100,000 vehicles in China last month, up 12 percent year-on-year, according to Chinese media reports.

wf/dly/ds

TOYOTA MOTOR

GENERAL MOTORS


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


.


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

Previous Report
CAR TECH
Google co-founder fuels flying car labs: report
San Francisco (AFP) June 9, 2016
Google co-founder Larry Page has secretly poured more than $100 million into building flying cars, Bloomberg reported Thursday. Page has backed Zee.Aero while striving to keep his involvement hidden, according to the report that cited unnamed sources described as having intimate knowledge of the flying car startup launched in 2010. "Based in the heart of Silicon Valley, Zee is developing ... read more


CAR TECH
Lean Xbox One eyes gamers as PlayStation VR turns heads

E3 video game show comes with rise of celebrity player

Neutrons reveal unexpected magnetism in rare-earth alloy

Plant lignin improves efficacy of sunscreen

CAR TECH
Air Force receives Rockwell Collins receivers

UK Looking to Design Next-Gen Military Satellites

Airbus DS to provide German armed forces with satcomm services for the next 7 years

L-3 Communications to open new facility in Canada

CAR TECH
EchoStar XVIII and BRIsat are installed on Arianespace's Ariane 5

United Launch Alliance gets $138 million Atlas V contract

SpaceX makes fourth successful rocket landing

Arianespace to supply payload dispenser systems for OneWeb constellation

CAR TECH
Russian Glonass-M satellite reaches target orbit

And yet it moves: 14 Galileo satellites now in orbit

Arianespace continues the momentum for Europe's Galileo program on its latest Soyuz flight

China to launch 30 Beidou navigation satellites in next 5 years

CAR TECH
Nigeria hoping for U.S. approval of Super Tucano sale

Danish parliament approves F-35 buy

First AH-64 Apache Guardian arrives in South Korea for army

Canada PM Trudeau shows doubts on F-35 fighter jet

CAR TECH
Ferroelectric materials react unexpectedly to strain

Spintronics development gets boost with new findings into ferromagnetism in Mn-doped GaAs

Skyrmions a la carte

Scientists build gene circuits capable of complex computation

CAR TECH
Airbus Defence and Space has completed PeruSAT-1 in less than 24 months

Constraining the composition of Earth's interior with elasticity of minerals

Mapping that sinking feeling

New cheap method of surveying landscapes can capture environmental change

CAR TECH
How 'super organisms' evolve in response to toxic environments

Lake Michigan turtles used as pollution barometer

Study: Air pollution affects young people's psychiatric health

Mexico cracks down on capital's car pollution









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.