China to make 12 million vehicles in 2009September 5th, 2009 BEIJING - China is expected to manufacture a record 12 million vehicles in 2009, an official with the country's top economic planning agency said Saturday. Chinese domestic auto makers were expected to produce and sell more than eight million vehicles in the first eight months this year, said Chen Bin, director of the department of industry under the National Development and Reform Commission (NDRC).
GM sees US auto sales growing by 2 million in '10, boosted by consumer confidenceAugust 28th, 2009 GM sees US auto sales growing by 2 million in '10NOVI, Mich. — An executive with General Motors said Friday the company sees U.S.
Edmunds projects August auto sales hit highest level this year, helped by clunkers boostAugust 27th, 2009 Edmunds: Aug. was year's best month for auto salesSANTA MONICA, Calif.
China's AirMedia Group posts $7M 2nd-quarter loss, expects high fees to continue; shares slideAugust 18th, 2009 AirMedia posts steep 2Q loss on higher costsSEATTLE — AirMedia Group Inc., which runs networks of digital screens that carry advertising and content in airports and places ads on airplane TV screens, on Monday reported a second-quarter loss as costs surged as it expanded its business. AirMedia said it doesn't expect those costs to ease this year, and issued sales guidance below Wall Street expectations.
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.
Bridgestone tumbles into red in first half of year on slumping auto demandAugust 7th, 2009 Bridgestone tumbles into red in first half of yearTOKYO — Bridgestone Corp. said Friday it tumbled into the red in the first six months to June, hit by a prolonged slump in auto demand at home and abroad.
Tata Motors net profit jumps 57.5 percentJuly 27th, 2009 MUMBAI - Auto major Tata Motors Monday reported 57.5 percent surge in its net profit at Rs.513.7 crore (Rs.107 million) for the quarter ended June 30, as compared to Rs.326.11 crore in the like period last fiscal. Total income, however, decreased 7 percent to Rs.6,723.9 crore from Rs.7,244 crore, the company said in a regulatory statement.
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.
Industry group says China's June auto sales up 36.5 percent; passenger cars set sales recordJuly 9th, 2009 China's June auto sales up 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.
Industry group says China's June auto sales soar 36.5 percent; passenger cars set sales recordJuly 9th, 2009 China's June auto sales surge 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.
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.
Backed by stimulus steps, auto sector posts marginal growthApril 8th, 2009 NEW DELHI - India's auto industry, which was hit hard by the global financial crisis that started in mid-2008, ended last fiscal with a marginal 0.7 percent growth in sales, thanks to the government's stimulus measures. The auto makers sold 97,23,391 vehicles in 2008-09, up from 96,54,435 units the year before, data released Wednesday by the Society of Indian Automobile Manufactures (SIAM) said.
China auto sales rose 6.7 percent in 2008January 11th, 2009 BEIJING - Auto sales in China rose 6.7 percent in 2008 despite slackening sales on the global market, China Association of Automobile Manufacturers (CAAM) said Monday. It was the first non-double digit growth for Chinese auto sales since 1999.
Bajaj Auto two-wheeler sales down 33 percentDecember 31st, 2008 NEW DELHI - Bajaj Auto Ltd Thursday reported 33 percent dip in its last month's two-wheeler sales. The company sold 119,215 two-wheelers in December 2008 as against 177,249 units a year earlier, said an official statement.
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