Energy News  
CAR TECH
GM China sales hit record high in 2010

by Staff Writers
Beijing (AFP) Jan 4, 2011
US auto giant General Motors said Tuesday that its sales in China, the world's largest car market, increased 28.8 percent year-on-year in 2010 to a new annual record of 2.35 million vehicles.

Its manufacturing joint ventures and major brands all set new annual sales marks, the company said in a statement.

"GM kept pace with the needs of our customers by introducing 11 new and upgraded models that are leaders in their segments in design, technology and fuel economy," Kevin Wale, president of GM China Group, said in the statement.

"At the same time, we continued to expand our local presence to position GM for long-term growth in China."

China has become increasingly important to GM due to strong domestic demand -- in November, the company became the first international carmaker to sell two million vehicles in a year in the country.

The Asian nation -- now the base of GM's international operations -- overtook the United States in 2009 to become the world's biggest auto market.

The largest US automaker was left reeling by an industry slump when the global economic crisis hit. It received 49.5 billion dollars from the US Treasury and emerged from a bankruptcy restructuring in July 2009.

The company successfully returned to public trading in November by raising 23.1 billion dollars in an initial stock offering -- the largest in history.

GM has established a few joint ventures in China, including Shanghai General Motors, a partnership with SAIC Motor Corporation Ltd., and runs several brands such as Buick and Chevrolet, according to its website.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Car Technology at SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


CAR TECH
Beijing traffic rules turn car showrooms into ghost towns
Beijing (AFP) Jan 2, 2011
For the past year, car showrooms in Beijing have been heaving with people keen to buy their slice of the country's new middle-class dream. But now they are deserted. Last month, Beijing said it would slash the number of new registrations for 2011 to ease chronic gridlock and thick pollution in the capital - good news for frustrated drivers but terrible news for car dealers and would-be buye ... read more







CAR TECH
NASA: More Earth science missions coming

Hole Punch Clouds Over West Virginia

TerraSAR-X Image Of The Month: Ice Flow Like Molten Metal

GOES-13 Satellite Captures Powerful Snowmaker Leaving New England

CAR TECH
Galileo Pathfinder GIOVE-A Achieves Five Years In Orbit

Launch Of New Russian Navigation Satellite Postponed To Next Year

Galileo's Navigation Control Hub Opens In Fucino

China Launches Seventh Orbiter For Indigenous Global SatNav System

CAR TECH
Indonesia picks Borneo for forest preservation scheme

Comprehensive Report On Sudden Oak Death

Beetle-ridden forests lose climate help

Ancient Forest Emerges Mummified From The Arctic

CAR TECH
New Miscanthus Hybrid Discovery In Japan Could Open Doors For Biofuel Industry

Team Overcomes Major Obstacles To Cellulosic Biofuel Production

Create Sustainable Rural Villages Through Clean Pig Farming And Renewable Green Energy

Industrial Biofuel Collaboration Heating Up

CAR TECH
Solis Partners Participates In Distributed Solar Summit 2010

SunPower Completes Sale 44MW Montalto Di Castro Solar Park

Enhancements Increase Efficiency Of Kalahari Greentech's Solar System

U.K. solar plane record confirmed

CAR TECH
Keenan 2 Wind Farm Commences Commercial Operation

US challenges Chinese wind power subsidies at WTO

Italy wind farm seized by prosecutors

Outsmarting The Wind

CAR TECH
China mine blast death toll up to 26: state media

Seven found dead in China mine flood: state media

China mine flood traps at least seven: state media

29 still trapped in New Zealand coal mine

CAR TECH
China orders state-owned firms to pay more money to Beijing

China orders crackdown on land hoarding amid rising prices

China political satire scores big at box office

Jailed China milk activist free on parole, supporters worry


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. 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 SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement