. Space Industry and Business News .




.
CAR TECH
GM's China sales hit record high for March
by Staff Writers
Shanghai (AFP) April 5, 2012

Peugeot factory hit by Iran sanctions fallout
Paris (AFP) April 5, 2012 - Operations at a Peugeot auto plant in northeastern France have been suspended until at least September because of the lack of spare parts from Iran, union officials said on Thursday.

"There is a tentative plan to resume activity and shipments in September," CFTC union official Franck Don told AFP after a work's council meeting.

Management from PSA Peugeot Citroen last week put 220 employees at its Vesoul factory in partial redundancy for the month of April due to a slowdown caused by blocked shipments from Iran.

This latest decision will require redeploying another 300 workers and the axeing of 300 part-time jobs, a CGT union source said.

PSA Peugeot Citroen halted activity with Iran on February 20 when economic sanctions against the Islamic Republic for its nuclear programme came into effect.


US auto giant General Motors said Thursday that its China sales set a record for March, despite an overall slowdown in the world's biggest car market.

The company, the world's biggest automaker by sales, sold 257,944 vehicles in March, up more than 10 percent from the same month last year, and its highest total for the month, according to a company statement.

Strong March sales -- helped by demand for the Buick brand -- brought total sales for the first quarter to 745,152 vehicles,which is also a quarterly record, it said.

"GM has maintained our growth in our largest market in 2012, despite an overall industry slowdown," Kevin Wale, president of GM China Group, was quoted as saying.

China's overall auto sales have slowed after the government rolled back sales incentives and some cities imposed tough restrictions on car numbers to ease chronic traffic congestion and pollution.

Nationwide 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.

The China Association of Automobile Manufacturers has yet to release auto sales figures for March.

In February, China's total vehicles sales surged 24.5 percent to 1.57 million units but were likely boosted by seasonal factors.

Analysts say domestic consumers favour foreign brands over their local rivals for name recognition and perceptions of higher quality.

GM sold more than 2.5 million vehicles in China last year.

As the world's largest auto market, China has become increasingly important to foreign players, like GM and Germany's Volkswagen.

Separately, Ford Motor Co. said Thursday it would introduce four new vehicles to the China market this month, as part of previously announced plans to bring 15 new vehicles to the country by 2015.

Related Links
Car Technology at SpaceMart.com




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




US auto giant Ford to invest $600 mln in China
Shanghai (AFP) April 5, 2012 - US giant Ford Motor Co. said Thursday that it would invest an additional $600 million in China to expand production in the world's largest auto market.

The investment, which brings Ford's investment in China to $4.1 billion, will lift production capacity at its operations in the southwest city of Chongqing by 350,000 vehicles annually, it said in a statement.

Ford estimates output capacity in China will be 950,000 vehicles a year by 2014 following the expansion.

The investment will be used to build a new assembly line, the statement said. Ford already has two assembly plants and an engine factory in Chongqing. Two more plants making auto parts are also under construction in the city.

As the world's largest auto market, China has become increasingly important to foreign players.

Ford also said Thursday it would introduce four new vehicles to the China market this month, as part of previously announced plans to bring 15 new vehicles to the country by 2015.



.

. 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
BMW, Guggenheim salvage Berlin 'lab' after threats
Berlin (AFP) April 3, 2012
German automaker BMW and New York's Guggenheim Museum said Tuesday they have found a new site in Berlin for an urban design "laboratory" after irate residents of a trendy district forced them out. The BMW Guggenheim Lab, which is on a tour of cities around the globe, had been scheduled to arrive on a vacant lot in the Kreuzberg area of the German capital in May for a two-month stint before c ... read more


CAR TECH
Court revives Viacom copyright suit against YouTube

Google gives glimpse of Internet glasses

Handover of Japan-built Radar to NASA

New understanding of how materials change when rapidly heated

CAR TECH
Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

'See Me' satellites may help ground forces

CAR TECH
Spy satellite-carrying rocket blasts off

Orbital Receives Order for Minotaur I Space Launch Vehicle From USAF

Space Launch System Program Completes Step One of Combined Milestone Reviews

Russian Proton-M Puts Military Satellite into Orbit

CAR TECH
Hardware 'bug' hits TomTom nav devices

How interstellar beacons could help future astronauts find their way across the universe

ISS Keeps Watch on World's Sea Traffic

Many US police use cell phones to track: study

CAR TECH
Engine failure forces Cathay jet to turn back

China Southern committed to Airbus orders: report

Asia gets new budget airline eyeing Chinese flyers

South Africa, Singapore airlines fined for price-fixing

CAR TECH
Giant piezoelectricity from ZnO materials, comparable with perovskite, was achieved

Quantum information motion control is now improved

Australian WiFi inventors win US legal battle

Researchers discover a new path for light through metal

CAR TECH
Key ice shelf in Antarctica has shrunk by 85 percent

ESA and NASA join forces to measure Arctic sea ice

NASA Sees Fields of Green Spring up in Saudi Arabia

Checking CryoSat reveals rising Antarctic blue ice

CAR TECH
35,000 gallons of prevention

State of the planet

Oil from Deepwater Horizon disaster entered food chain in the Gulf of Mexico

Study shows air emissions near fracking sites may impact health


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