. 24/7 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
NASA's LRO Creating Unprecedented Topographic Map Of Moon

Apollo 8: Christmas At The Moon

NASA Awards First Half-Million Order In Lunar Data Contract

Total Lunar Eclipse: 'Up All Night' With NASA

CAR TECH
NASA's Next Mars Rover to Zap Rocks With Laser

Opportunity Studying A Football-Field Size Crater

Mars Movie - I'm Dreaming Of A Blue Sunset

IceBite Blog: Trek to University Valley

CAR TECH
Argentina to record UFO sightings

IBM offers glimpse into the future

New Zealand military releases UFO files

British eight-year-olds publish study in top science journal

CAR TECH
NASA Railroad Keeps Shuttle's Boosters on Right Track

Workers Focus On Shuttle Rollback Preps

NASA tests aging shuttle after failed launch

NASA postpones Discovery launch to February 3

CAR TECH
Paolo Nespoli Arrives At ISS

Dextre's Final Exam Scheduled For December 22-23

Russian rocket docks with space station

Russia's Mission Control To Readjust ISS Orbit

CAR TECH
Suspected Debris Of Exploded Rocket Washes Ashore

Arianespace Flight 199: Launch Postponed 24 Hours

Eutelsat's KA-SAT Satellite Lofted Into Orbit

Extra Weight May Have Caused GSLV Problems

CAR TECH
Citizen Scientists Join Search For Earth-Like Planets

Qatar-Led International Team Finds Its First Alien World

Planetary Family Portrait Reveals Another Exoplanet

New Pictures Show Fourth Planet In Giant Version Of Our Solar System

CAR TECH
iPhone alarm glitch leaves users fuming

Impregnating Plastics With Carbon Dioxide

Skype brings video calls to iPhone, iPod, iPad

Tablets galore on tap at major CES gadget fest


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