. Military Space 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
U.S. may cut Israel missile shield funds

First European Missile Successfully Carries Out Ballistic Intercept

Poland asked US about missile shield uses: WikiLeaks

First MEADS Battle Manager Ready For System Tests

CAR TECH
France to sell HOT missile to Lebanon

India tests two nuclear-capable missiles

Pakistan test fires nuclear-capable missile

Western Military District Gets First Iskander Tactical Missile System

CAR TECH
US missile salvo kills 15 in Pakistan: officials

Critical Global Hawk Sensor Delivered To USAF

Obama's other 'surge': US drone war in Pakistan

Euro Hawk UAV Shows Stamina With 30-Hour Flight

CAR TECH
IBCS Completes Warfighter-Centered Design Exercises

Arianespace Will Orbit Sicral 2 Milcomms Satellites

Codan Receives JITC Certification For 2110 HF Manpack

Northrop Grumman Bids for Marine Corps Common Aviation CnC

CAR TECH
12 killed in Russia military cargo jet crash

Argentina military grapples with old stuff

Radiant Mercury System Certified

Ultra Fast Camera Enhances Understanding Of High Explosive Detonation

CAR TECH
Quiet spy expulsions won't spoil the party

Nigeria arms scandal hurts Iran in Africa

U.S. dominates Middle East arms market

Israel still eyeing free F-35s

CAR TECH
China in 2010: economic power, but more diplomatic isolation

Commentary: Third World America?

Indians to outnumber Chinese in 2025: US

S.Korea and China military chiefs to hold talks in Beijing

CAR TECH
Navy test fires electromagnetic cannon

Joint High Power Solid State Laser Keeps Lasing And Lasing

Boeing Installing Beam Control System On HEL Laser Demonstrator


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