Subscribe free to our newsletters via your
. 24/7 Space News .




CAR TECH
GM bets on fast-growing China auto market
by Staff Writers
Shanghai (AFP) Sept 21, 2011


General Motors said Wednesday China would be the world's fastest growing auto market over the next decade, as it unveiled its latest bid to give it a greater slice of the clean energy vehicle segment.

GM executives made the forecast at the opening of a centre in Shanghai, where the company's international operations are now based, to develop new technologies to make autos lighter and batteries for electric cars.

It comes a day after the US giant signed an agreement with its Chinese partner SAIC Motor, the biggest domestic auto maker, to develop electric vehicles in China.

"It's the fastest growing car market in the world in the next 10 years," GM China Group president Kevin Wale told reporters.

GM chairman and chief executive Dan Akerson said the technical facility was "symbolic of how important China is to General Motors."

The centre will grow to include a design studio, as well as development of vehicle engineering, power train and manufacturing processes in its second phase, scheduled to open in the next 12 months.

China overtook the United States to become the world's top auto market in 2009 and has been increasingly important for global carmakers like GM, which have been hurt by slowing markets in America and Europe.

Wale said China's total auto sales were expected to reach about 19 million units this year, marking growth of around five percent from the record 18.06 million units sold last year.

GM's sales in China hit 205,885 units in August -- a record for the month -- up 13.4 percent from a year ago, despite a slowdown in China's auto market as Beijing phased out incentive policies introduced during the financial crisis.

China has been pushing for the development of clean energy vehicles as it seeks to reduce chronic pollution and its reliance on foreign oil.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
It's a hard day's night for Shanghai taxi drivers
Beijing (AFP) Sept 21, 2011
Streets full of traffic jams, bad pay, rising petrol costs and 20 hours a day behind the wheel have left Nie Haiming, a Shanghai taxi driver, exasperated and bitter. Like many other cab drivers in the Chinese metropolis of futuristic highways, viaducts and small, crowded lanes, Nie travels up to 500 kilometres (300 miles) a day for a paltry 3,000 to 4,000 yuan a month ($450 to $600). "Th ... read more


CAR TECH
United Launch Alliance Launches GRAIL Spacecrafts To Moon

NASA launches twin spacecraft to study Moon's core

Second bid to launch NASA's Moon-bound spacecraft

NASA to launch Moon-bound twin spacecraft

CAR TECH
Young Clays on Mars Could Have Been Habitable Regions

Opportunity on verge of new discovery

Opportunity Studies Chester Lake Rock Outcrop

Opportunity Inspects Next Rock at Endeavour

CAR TECH
Spaceship factory opens in California

What did we get from the US space program

NASA Announces Two Game-Changing Space Technology Projects

Iowa State chemists help astronauts make sure their drinking water is clean

CAR TECH
Tiangong-1 launch will pave way for China's first space station

China to launch unmanned space module by Sept 30

China to launch space station's first module

China launches new communication satellite

CAR TECH
Private US capsule not to dock with ISS

Crew safely returns to Earth after crash

Russia postpones next manned launch to ISS

Russia announces launch of 2 spacecraft in Oct-Nov

CAR TECH
Countdown to first Soyuz launch at Kourou under way

Ariane rocket launches satellites after strike delay

Double prime for Astrium on next Ariane launch

Strike delays Ariane-5 launch: official

CAR TECH
Rocky Planets Could Have Been Born as Gas Giants

How Common Are Earth-Moon Planetary Systems

From Star Wars to Science Fact: Tatooine-Like Planet Discovered

Astronomers confirm first planet orbiting two stars

CAR TECH
Maxwell Technologies launch UK division to target European space market

Did chemical reactions cause Twin Towers collapse?

Apple to unveil iPhone 5 on October 4: report

Saab wins U.S. Navy radar contract




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement