. Space Industry and Business News .




.
CAR TECH
GM says China sales hit record high for February
by Staff Writers
Shanghai (AFP) March 6, 2012


US auto giant General Motors said Tuesday it sold 240,554 vehicles in China in February, a record for the month and up more than 30 percent on the year, despite an overall slowdown in the Chinese market.

The number of cars and trucks that GM sold was also the third highest number for any month in the company's history in China, according to the statement.

The growth figure may been boosted by the low comparative base in February 2011, when there were fewer working days due to the Chinese Lunar New Year holiday, also known as the Spring Festival.

China's total auto sales rose just 2.5 percent to 18.51 million units last year, according to industry group the China Association of Automobile Manufacturers, against an increase of more than 32 percent in 2010.

The slowdown in the world's largest vehicle market came after China phased out sales incentives and some cities imposed restrictions on car numbers.

In January, the nation's auto sales slumped nearly 27 percent year on year to 1.39 million units, though the industry association blamed fewer shopping days due to the unusually early Lunar New Year holiday.

Analysts say foreign automakers have been outperforming their local rivals as Chinese consumers favour better-known brands and higher quality vehicles.

GM sold 487,208 vehicles in China in the first two months of this year, up 7.7 percent from the same period last year, the statement said.

Beijing has grown alarmed at the dominance of foreign car makers, prompting the government last year to slap import tariffs on some US-made vehicles and formally withdraw support for foreign investment in the sector.

Last month, China announced a preliminary list of preferred vehicles for government fleet purchases, which did not include any foreign brands.

The European Union Chamber of Commerce in China said Monday that such government purchases represent a potential market of more than one million cars annually and called the list "discriminatory".

Related Links
Car Technology at SpaceMart.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. 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
GM suspends production of electric Volt
Chicago (AFP) March 2, 2012
General Motors said Friday it has suspended production of its electric Chevy Volt for five weeks in order to match supply to weak demand. "We're going to take five weeks of downtime at the plant as we are going to build to what the market demands," spokeswoman Michelle Bunker Malcho told AFP. "We had a great month in February (over 1,000 in sales) and are very pleased with what we see ha ... read more


CAR TECH
IBM making the Louvre Museum smarter

In Swiss city, 'augmented reality' is out of this world

Virtual blue skies brighten the office of the future

Ubisoft assassin videogame heads for US colonies

CAR TECH
Raytheon And DARPA to Help Friendly Forces Communicate While Conducting Electronic Warfare

Lockheed Martin Team Completes On-Orbit Testing Of First AEHF Satellite

Raytheon's US Air Force Satellite Terminal Achieves Two Critical Milestones

Northrop Grumman Airborne Network Demonstrates Tactical Potential at Army Integration Exercise

CAR TECH
Lockheed Martin Selects Alaska's Kodiak Launch Complex To Support Future Athena Launches

The initial Ariane 5 for launch in 2012 completes its final assembly

Arianespace maintains its open dialog with the space insurance sector

SwRI and XCOR agree to pioneering research test flight missions

CAR TECH
Galileo to spearhead extension of worldwide search and rescue service

LightSquared Undertakes Search for New CEO

Galileo on the ground reaches some of Earth's loneliest places

China launches 11th satellite for independent navigation system

CAR TECH
Hong Kong Airlines may cancel A380 order: report

ISRO bets on satellite navigation for aviation services

Boeing to sell ten 777s to China Southern

Aircraft of the future could capture and re-use some of their own

CAR TECH
UBC researcher invents "lab on a chip" device to study malaria

Solving a Spintronic Mystery

Transforming computers of the future with optical interconnects

Penn Researchers Build First Physical "Metatronic" Circuit

CAR TECH
TerraSAR-X brings lively winter view into focus

SOA gains control of China's oceanic surveying satellite

NASA Researchers on the Snow Patrol

Europe's Global Monitoring for Environment and Security Program Examined

CAR TECH
Singapore top carbon emitter in Asia-Pacific: WWF

In what ways does lead damage the brain?

China says most cities fail to meet new air standard

Mobile industry eyes savings by recycling


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - 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