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Jan 10, 2011

China 2010 car sales up 33 pct; decline seen early ’11

BEIJING, Jan 10 (Reuters) – Auto sales in China rose by a third
to a record in 2010, securing its position as the world’s top market, but
analysts said sales may decline, especially in the first few months of this
year, after Beijing scrapped incentives for small cars.

In December alone, automakers in the country shipped 1.3 million sedans,
sport utility vehicles and multi-purpose vehicles to dealers, but they still
couldn’t keep up with demand.

Dec 17, 2010

Ford intends to hike stake in Jiangling Motors-source

BEIJING, Dec 17 (Reuters) – Ford Motor (F.N: Quote, Profile, Research, Stock Buzz) intends to raise
its 30 percent stake in Jiangling Motors Corp (000550.SZ: Quote, Profile, Research, Stock Buzz), a
major Chinese light commercial vehicle maker, a source said on
Friday, as the Detroit automaker speeds expansion in the world’s
largest auto market.

“Joe Hinrichs expressed an interest to increase Ford’s stake
in Jiangling when meeting with the governor of Jiangxi province
earlier this week,” a source with direct knowledge of the matter
told Reuters.

Dec 9, 2010

China Nov car sales up 29 pct, 2011 outlook dims

BEIJING, Dec 9 (Reuters) – Automakers in China shipped 29.3
percent more passenger cars to dealers in November, extending a
rebound that began in August as people rushed to showrooms before
incentives expire at the end of the year.

Demand would remain strong in December, industry observers
say, bolstered in part by aggressive year-end marketing campaigns
by automakers, but they predicted the market would slow sharply
in 2011.

Nov 25, 2010

Ford speeds up China sales network expansion

BEIJING (Reuters) – Ford Motor (F.N: Quote, Profile, Research, Stock Buzz), expecting record sales in China this year, is adding 100 dealers to its network, mostly in inland cities that are replacing big, coastal regions as the major growth driver in the world’s largest auto market.

The move, more aggressive than a previously announced scheme, will bring the number of its dealers in China to 340 by the end of the year, said Joe Hinrichs, president for Ford’s Asia and Africa operations, up from the original target of 310.

Nov 22, 2010

GM unveils new brand in China, targets smaller cities

BEIJING, Nov 22 (Reuters) – General Motors , the biggest overseas
automaker in China, unveiled its first car under its newly created Baojun
brand on Monday, as it steps up expansion in 3rd- and 4th-tier cities that are
becoming its main growth driver in the world’s largest auto market.

The initiative, building on the success of GM’s Chevrolet new Sail,
represents a direct challenge to indigenous players such as BYD and
Geely Automobile Holdings , which now dominates smaller cities and
townships with affordable models.

Nov 9, 2010

China Oct car sales up 27.1 pct, yr-end demand solid

BEIJING, Nov 9 (Reuters) – Automakers in China shipped 1.2
percent more passenger cars to dealers in October than a year
earlier, extending a rebound from August as people rushed to buy
cars before Beijing’s policy incentives expire at year-end.

But it was not a rosy picture across the board. General
Motors [GM.UL], Volkswagen (VOWG.DE: Quote, Profile, Research, Stock Buzz) and Ford Motor (F.N: Quote, Profile, Research, Stock Buzz)
continued to shine, but Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) and BYD (1211.HK: Quote, Profile, Research, Stock Buzz)
saw their sales turning south for different reasons.

Nov 5, 2010

Business groups want G20 to press China on rare earths

BEIJING (Reuters) – Major business groups from the United States, Japan and other rare earth consumers have urged the G20 group of major economies to press China to end export curbs of the metal ores.

The demand for world leaders to address underscores how quickly access to this niche of China’s mining output has risen as a business and political issue.

Nov 4, 2010

GM making EV in China with prototype out at year-end

BEIJING (Reuters) – General Motors has started making an electric version of its popular Chevrolet New Sail in China and will roll out prototypes before year-end, making it the first foreign automaker to build electric cars in the world’s biggest auto market.

GM, the top foreign automaker in China, is well-positioned to get a head-start over its rivals in the country’s fledgling green vehicle business, which analysts say could be the next hotly contested sector.

Nov 4, 2010

GM making EV in China, prototype out at yr-end

BEIJING, Nov 4 (Reuters) – General Motors [GM.UL] has started
making an electric version of its popular Chevrolet New Sail in
China and will roll out prototypes before year-end, making it the
first foreign automaker to build electric cars in the world’s
biggest auto market.

GM, the top foreign automaker in China, is well-positioned to
get a head-start over its rivals in the country’s fledgling green
vehicle business, which analysts say could be the next hotly
contested sector.

Nov 3, 2010

China’s SAIC near decision on GM stake buy-sources

BEIJING, Nov 3 (Reuters) – Top Chinese automaker SAIC Motor
Corp (600104.SS: Quote, Profile, Research, Stock Buzz) is close to making a decision on whether to buy
a stake in its long-time partner General Motors [GM.UL] as the
U.S. auto firm goes public, sources with knowledge of the matter
said on Wednesday.

SAIC, which operates manufacturing ventures with GM, has been
exploring the prospect of taking a stake upon Detroit automaker’s
more than $13 billion share sale. SAIC chairman Hu Maoyuan had
admitted publicly that he would not rule out such a possibility.
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