GM executive says aiming to beat market growth in China, 2009 sales may exceed 1.6 mlnOctober 14th, 2009 General Motors aiming to beat China market growthSHANGHAI — General Motors Co. is aiming to beat the already fast pace of growth in the Chinese market, with sales in 2009 possibly surpassing 1.6 million vehicles, its China President Kevin Wale said Wednesday.
Auto sales up 14 percent in first half this fiscalOctober 13th, 2009 NEW DELHI - Total automobile sales increased 14.51 percent between April and September this fiscal over that in the corresponding period last fiscal, as per data released by an industry body Tuesday. Sales of passenger vehicles grew 13.46 percent in the period under review, but that of commercial vehicles slid 0.52 percent, according to the Society of Indian Automobile Manufacturers (SIAM).
Government think tank says China's 2009 auto sales should reach 12.6 million, up 35 percentSeptember 25th, 2009 China's 2009 auto sales forecast to hit 12.6MBEIJING — China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing to extend, a government researcher said Friday. China's auto sales have surpassed those of the limping U.S.
General Motors China, China's FAW announce $293 million commercial vehicles joint ventureAugust 30th, 2009 GM China, China's FAW launch joint ventureSHANGHAI — General Motors China and state-owned automaker FAW Group Corp. have launched a 2 billion yuan ($293 million) joint venture to make light-duty trucks and vans, initially for the fast-growing Chinese market.
China's July auto sales up 64 percent to 1.1 million, outpacing US monthly sales againAugust 7th, 2009 China's July auto sales up 64 percentBEIJING — China's auto sales surpassed the United States' again in July, jumping 64 percent over a year earlier to 1.1 million vehicles as sales tax cuts and government subsidies spurred demand, according to data reported Friday. The figures are a boost to global automakers that are looking to China to drive revenues amid sluggish demand elsewhere.
General Dynamics second-quarter earns down 3.6 percent, revenues up, 2009 guidance raisedJuly 29th, 2009 General Dynamics 2Q net earns dip 3.6 percentWASHINGTON — General Dynamics says its second-quarter earnings edged down 3.6 percent due to one-time gains a year ago, but the defense contractor's profits still surpassed Wall Street expectations. The Falls Church, Va.-based company also raised its outlook for 2009 by a nickel per share.
China passes US auto market in first half as June sales surge 36.5 percentJuly 9th, 2009 China beats US auto market in first-half sales of 2009
BEIJING — China surpassed the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier, according to data reported Thursday. China's vehicle sales in June rose to 1.14 million, the second-highest month to date after April's 1.15 million units, the China Association of Automobile Manufacturers said.
Ford says China sales up 14 percent in first half on strong passenger car demandJuly 6th, 2009 Ford says China sales up 14 percent in first halfBEIJING — Ford Motor Co. said its sales in China surged 14 percent in the first half of 2009, another positive sign for global automakers that are counting on China to drive revenues as they struggle in North America.
China has 176.5 million motor vehicles, 188.8 million driversJuly 4th, 2009 BEIJING - With more than 176.5 million motor vehicles in the country, a whopping 14 percent of Chinese nationals have obtained a driving licence, the Chinese Ministry of Public Security has revealed. According to the ministry, over 188.8 million Chinese have learnt driving by the end of June.
General Motors says China sales up 38 percent to record 814,442 in 1H on strong minivan salesJuly 1st, 2009 General Motors says China sales up 38 percentSHANGHAI — General Motors Corp. said Wednesday that sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles.
China passenger vehicle sales surge 47 percent in May as incentives entice buyersJune 9th, 2009 China auto sales surge 47 percent in MaySHANGHAI — China's passenger car sales shot up nearly 47 percent in May to 829,100 units, buoyed by tax cuts and other government incentives, the China Association of Automobile Manufacturers reported Tuesday. But a month-to-month rebound in U.S.
China's April vehicle sales jump 25 pct to monthly high 1.15 millionMay 8th, 2009 China vehicle sales hit monthly high of 1.15 mlnSHANGHAI — China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to industry figures released Friday. Passenger car sales surged 37 percent over a year earlier to 831,000, outpacing U.S.
Report: China auto sales rise to fresh monthly high, helped by tax cuts, stimulusMay 8th, 2009 Report: China car sales rise to fresh monthly highSHANGHAI — China's passenger car sales likely rose to a record monthly high of 1.15 million units in April, the official Xinhua News Agency reported Thursday, citing industry figures. Official figures from the government-affiliated China Association of Automobile Manufacturers are due within days.
China offers subsidy for hybrid cars usersJanuary 30th, 2009 BEIJING - China will provide special subsidy to companies and institutions that use hybrid vehicles like the electric and fuel cell cars, the finance ministry said. The ministry said the scheme in 11 cities, including Beijing and Shanghai, would offset the extra fuel costs companies incur on ordinary vehicles.
Over 73,000 killed in road accidents in China last yearJanuary 3rd, 2009 BEIJING - About 73,500 people lost their lives in road accidents in China last year, a drop by 10 percent from a year ago, the ministry of public security said Sunday. China, which has one of the world's worst safety records, saw 265,204 accidents in 2008, killing 73,484 people and injuring 304,919 others.
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