Showing posts with label Automobile News. Show all posts
Showing posts with label Automobile News. Show all posts

Monday, April 11, 2011

DTN News - Asian Defense News: China News ~ China's Car Sales Rise 6.5% In March As Market Rebounds

DTN News -
Asian Defense News: China News ~ China's Car Sales Rise 6.5% In March As Market Rebounds
(NSI News Source Info) TORONTO, Canada - April 11, 2011:
China's auto market rebounded in March as car sales rose by 6.5%, compared with the same month a year ago.

New passenger car sales stood at 1.35m, according to the latest data by the China Association of Automobile Manufacturers (CAAM).

That marks a 39% jump from the previous month. The numbers were being closely watched, after sales in February grew at the slowest pace in two years.

China overtook the US in 2009 to become the world's biggest auto market.

Car sales for the first three months of the year grew by 9.1%, compared with the first quarter last year.

The rebound in the sector was led by Toyota. The world's biggest car manufacturer saw sales surge by 37.4% in March, from the same time a year ago.

However, rival Japanese car makers Mazda and Honda reported a slide in their sales.

Chinese car manufacturer BYD, which is backed by billionaire investor Warren Buffett, also reported a fall in its sales numbers, despite announcing a massive price cut earlier in the year.

*Source: BBC World News

Global Car / Automobile Industry

*Speaking Image - Creation of DTN News ~ Defense Technology News
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News

©

COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS

DTN News - Asian Defense News: Automobile News ~ China Auto Sales Rebound But Growth Weak

DTN News -
Asian Defense News: Automobile News ~ China Auto Sales Rebound But Growth Weak
(NSI News Source Info) TORONTO, Canada - April 11, 2011:
China's auto sales rebounded in March but growth was well below last year's rapid expansion asgasoline pricesrose and government incentives wound down.

An industry group, the China Association of Automobile Manufacturers, says sales rose 5.4 percent over a year ago to 1.8 million vehicles. That was up from February's 4.6 percent increase but below 2010's 30 percent expansion.

China passed the United States in 2009 to become the biggest auto market by number of vehicles sold.Industry analysts expect total Chinese sales to rise 10 to 15 percent this year though growth should be much slower than in 2010.

*Source: AP - Associated Press - The Associated Press

Global Car / Automobile Industry

  1. News for China Auto Sales

    INAUTONEWS
  2. China auto sales rebound but growth weak 1 hour ago
    AP , 04.11.11, 04:25 AM EDT SHANGHAI -- China's auto sales rebounded in March but growth was well below last year's rapid expansion as gasoline prices rose ...
    Forbes - 43 related articles
  3. China auto sales up 4.6% last month - Taipei Times

    10 Mar 2011 ... Auto sales in China, the world's largest car market, rose by 4.57 percent last month from a year earlier, data from an industry group showed ... www.taipeitimes.com/News/biz/archives/2011/03/10/2003497791 - Cached
  4. China's auto sales growth seen near 2010 rate-exec | Reuters

    11 Mar 2011 ... BIRMINGHAM, Mich., March 11 (Reuters) - The Chinese automarket'ssalesgrowth in 2011 will be close to last year's 32percent increase ... www.reuters.com/article/.../china-autos-idUSN1129734320110311 - Cached
  5. China Auto Industry: GM First Quarter China Auto Sales Up 10% - CNBC

    3 Apr 2011 ... General Motors said on Saturday it sold 685583 vehicles in China in the first quarter, up 10 percent from a year earlier. www.cnbc.com/id/.../GM_First_Quarter_China_Auto_Sales_Up_10 - Cached
  6. With Tax Incentives Gone, Chinese Auto Sales Drop Like A Rock

    9 Mar 2011 ... China's automobile sales market just tanked, declining 33%, month-over-month ... Definitely a slow down auto investors should take note of. ... www.businessinsider.com/china-auto-sales-february-2011-3 - Cached
  7. Chinese auto sales hit monthly record - Business - CBC News

    18 Feb 2011 ... Factory sales of Chinese passenger cars rose 16.8 per cent in January from the same month a year earlier, an industry grouped reported ... www.cbc.ca/news/business/story/2011/02/.../china-auto-factory-orders.html
  8. China Auto Sales Jump 27 Percent in November | CNSnews.com

    9 Dec 2010 ... Shanghai (AP) - China's auto sales powered ahead in November, jumping 27 percent to 1.7 million vehicles as car buyers rushed to beat ... www.cnsnews.com/news/.../china-auto-sales-jump-27-percent-novembe

*Speaking Image - Creation of DTN News ~ Defense Technology News
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News

©

COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS

Saturday, May 08, 2010

DTN News: Automobile News May 8, 2010 ~ India's Mahindra Pickups Could Hit U.S. In Under 90 Days

DTN News: Automobile News May 8, 2010 ~ India's Mahindra Pickups Could Hit U.S. In Under 90 Days Source: DTN News / Auto News (NSI News Source Info) MUMBAI, India - May 8, 2010: Plagued by a series of setbacks, delays, and that little thing called "the chicken tax," Mahindra has yet to receive EPA Tier 2 Bin 5 federal emissions certification for its TR20 and TR40 pickups. But man, they must be getting really close. Right? John Perez, CEO of Global Vehicles USA, Mahindra's exclusive U.S. distributor, says that all the emissions testing on the trucks has been completed and the paperwork is being submitted to the EPA for final approval. Approval itself is expected to take about 30 days. At that point, Global Vehicles could begin importing the trucks to the United States. They'd arrive on our shores 30 to 60 days later. By our math, that sounds like we could have Mahindra pickup trucks on U.S. roads before the end of August, but neither Perez nor Mahindra's corporate offices are talking sale dates yet. Experience has probably taught them not to make predictions, but with 330 dealers signed up and raring to go, we're sure that official sales date can't come soon enough for any of the parties involved. When they eventually go on sale, Mahindra pickups will be offered in two configurations: a two-door regular cab, the TR20, and a four-door crew cab, the TR40. Both will offer Mahindra's slightly modified version of the mHawk 2.2-liter inline-four-cylinder diesel engine. Official EPA numbers obviously haven't been determined yet, but the trucks are expected to have fuel economy ratings around 30 miles per gallon on the highway. Not too shabby considering their 1.3-ton hauling capability. Pricing is expected to start around $22,000

Monday, March 29, 2010

DTN News: Automobile News March 30, 2010 ~ Toyota Global Sales Up 13% In February

DTN News: Automobile News March 30, 2010 ~ Toyota Global Sales Up 13% In February Source: DTN News / AFP (NSI News Source Info) TOKYO, Japan - March 30, 2010: Crisis-hit Toyota said Monday that global sales rose 13 percent year-on-year in February, but analysts warned that the fall-out from recent mass safety recalls would continue to hang over the firm. A factory worker checks an assembled Prius hybrid vehicle in its final stage of the assembly line at Toyota Motors' Tsutsumi factory in Toyota, Aichi prefecture. Crisis-hit Toyota said that global sales rose 13 percent year-on-year in February, but analysts warned that the fall-out from recent mass safety recalls would continue to hang over the firm. The Toyota group, which includes brands Daihatsu and Hino trucks, sold 613,845 vehicles worldwide last month, up from 543,435 a year earlier, a spokesman said. The group's global production in the same period jumped 69.2 percent to 734,631 units, of which 655,180 were for the Toyota brand alone. Analysts said the figures were unsurprising given the auto industry's troubles a year earlier as the world economic downturn eroded demand. "The robust figures were largely due to a rebound from its sizeable slump a year earlier. There was no surprise. The figures were within expectations," said Mamoru Kato, auto analyst at Tokai Tokyo Research Centre. "It is too early to be optimistic about the fate of Toyota." One of Japan's most famed companies, Toyota has been battered by both the global economic downturn and by its massive safety woes over faulty accelerator and brake systems. In recent months, the world's largest automaker has been forced to recall more than eight million vehicles worldwide mostly due to problems with sudden acceleration, which have been blamed for 58 deaths in the United States. Domestic sales continue to rise however, surging 32.1 percent year-on-year to 210,767 units, with sales in the Toyota brand alone up 49.9 percent. The figures were largely boosted by the success of the Prius hybrid model, the best selling car in Japan for the ninth consecutive month, according to statistics released earlier by a professional body. Vehicle exports from Japan more than doubled to 161,533 units, Toyota said in a statement. However, "the negative impact of its mass recall is being felt in developed countries except Japan," said Kato. "The prospect for Toyota's business activities is still uncertain." In Tokyo trade, Toyota Motor shares closed 0.53 percent lower at 3,740 yen Monday. Earlier this month, the automaker said sales in the United States fell 8.7 percent year-on-year in February to 100,027 units. The company last week faced its first US courtroom challenge as lawyers pressed for angry car owners to be allowed to bring a multi-billion-dollar suit against the Japanese firm. It also announced a North American "quality task force" as it struggles to repair its reputation. The task force will answer to Toyota chief executive Akio Toyoda, the grandson of the company's founder. Other Japanese auto giants also reported on Monday strong year-on-year increases in production and sales in February as demand continued to pick up. Japan's second biggest automaker Honda said production worldwide increased 49.3 percent to 284,711 units while Mazda production surged 73.7 percent to 100,126. Nissan saw worldwide sales gain 21.7 percent year-on-year.

Friday, March 19, 2010

DTN News: Automobile News March 19, 2010 ~ McLaren Launches New Supercar

DTN News: Automobile News March 19, 2010 ~ McLaren Launches New Supercar
Source: DTN News / AFP (NSI News Source Info) LONDON - March 19, 2010: Formula One automaker McLaren has launched a supercar, part of a drive by the firm to shift up a gear in its battle to capture the high-performance commercial sports car market. The MP4-12C -- modelled on technology used by McLaren's Formula One team -- will go into production next year with 1,000 of the cars expected to roll off the production line in 2011, the firm said at a launch Thursday. It will have a price tag of 150,000 pounds (230,000 dollars, 170,000 euros) and its production will create 300 new jobs, said McLaren. The firm hopes to be producing 4,000 of the vehicles by the middle of the decade, and it is the first of a series of top-end sports cars McLaren plans to build in the coming years. "We have long held the dream of building a range of McLaren high-performance sports cars that take the raw elements of Formula 1 principles," said McLaren Automotive chairman Ron Dennis. "It is inspired by Formula One, built on the pride and passion to the highest quality and rich in McLaren DNA," he added. Dennis said the plans "confirm our intention to challenge convention at the highest levels of automotive design, from a hi-tech home that I am proud to say will deliver jobs, expertise and innovation in manufacturing and engineering." The 12C will be built at a specially designed plant south of London due to start production next year. McLaren will sell the car through retailers in 19 countries, with North America expected to account for up to 40 percent of the market.

Tuesday, March 09, 2010

DTN News: Automobile News March 10, 2010 ~ Toyota Hits Back At Claims Of Electronic Defects

DTN News: Automobile News March 10, 2010 ~ Toyota Hits Back At Claims Of Electronic Defects Source: DTN News / AFP (NSI News Source Info) LOS ANGELES - March 10, 2010: Toyota sought Tuesday to dispel fears about the safety of its electronics, but was put on the defensive when a Prius went speeding out of control along a California highway. The Japanese automaker insisted that mechanical fixes it is applying to more than eight million vehicles recalled worldwide are sufficient and that its tests are rigorous. It empanelled engineers from Stanford University and a top consulting firm to dismiss as "unrealistic" and contrived a study showing crossed wires could send a false signal that would cause Toyota cars to speed out of control. David Gilbert, a professor of automotive technology at Southern Illinois University, told a US congressional investigation last month that some Toyota and Lexus vehicles may have an electronics design flaw. Toyota dismissed his findings, saying he had re-engineered and rewired the signals from the accelerator pedal in order to create the flaw. "If an electrical system is re-engineered and rewired it's not surprising that subsequent testing of the system may cause unrealistic results," Toyota spokesman Mike Michaels told reporters. US regulators said last week that they had received more than 60 complaints from Toyota owners reporting sudden unintended acceleration despite having their recalled vehicle repaired by a Toyota dealer. Toyota is in the process of investigating those complaints and has found that some of the incidents were a result of incomplete repairs, Michaels told reporters. "We remain confident that if the modifications to the vehicle are deployed and done properly that they are effective," he said. Yet just hours after Toyota's trenchant criticism of Gilbert's findings, the company was grappling with another public relations nightmare after a runaway Prius drama in California. James Sikes, 61, was driving on the busy Interstate 8 freeway outside San Diego when he noticed his car was starting to accelerate of its own accord, the California Highway Patrol said. The terrified motorist was helpless as the car raced along the road at speeds of more than 90 miles (145 kilometers) per hour. Tragedy was only averted after Sikes was able to call police, and officers using a loudspeaker talked the driver through the process of slowing down by using his emergency brake and then turning off the engine. "I was on the brakes pretty healthy," Sikes told NBC San Diego. "It wasn't stopping, it wasn't doing anything to it, and just kept speeding up." Toyota later issued a statement saying a technical specialist had been sent to San Diego "to investigate the report and offer assistance." The drama was a chilling echo of the tragic accident last August where off-duty California Highway Patrol Officer Mark Saylor and three family members were killed when the accelerator of the Lexus ES350 they were in got stuck. Minutes later, the Toyota-made vehicle slammed into the back of a sport utility vehicle at about 100 miles per hour, veered off the freeway, overturned and burst into flames. All four family members died. Meanwhile, the chairman of a congressional committee sent a letter Monday to Toyota North America President Yoshimi Inaba, ordering the company to turn over a memo in which senior employees reportedly flagged their concerns about the safety of Toyota cars. "If senior Toyota officials ignored important safety concerns raised by their own employees, it calls into question Toyota's corporate priorities and its commitment to safety," wrote Edolphus Towns, chairman of the House Oversight and Government Reform Committee, in a statement. Towns has given Toyota until Friday to respond. Toyota, which overtook General Motors in 2008 to become world number one automaker, has seen its reputation tarnished by a litany of complaints ranging from unintended acceleration to brake failure and steering problems.