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Nov 1, 2010

Nissan China JV raises 2012 sales target by 50 pct

BEIJING, Nov 1 (Reuters) – Nissan Motor’s (7201.T: Quote, Profile, Research, Stock Buzz) China
venture raised its 2012 sales target by 50 percent to 1.5 million
vehicles, a senior executive said on Monday, as it keeps ramping
up capacity in the world’s largest auto market.

Nissan, a relative new comer in China, has been accelerating
its expansions in the country along with partner Dongfeng Motor
Group Co (0489.HK: Quote, Profile, Research, Stock Buzz), a major Chinese state auto group.

Oct 28, 2010

Air China Q3 net up sixfold on robust air travel

BEIJING, Oct 28 (Reuters) – Air China (601111.SS: Quote, Profile, Research, Stock Buzz) (0753.HK: Quote, Profile, Research, Stock Buzz)
posted a near six-fold rise in third-quarter earnings on
Thursday thanks to robust air travel demand in the world’s
second largest economy as well as a big jump in investment
returns.

Leisure and business travel is expected to stay strong in
the fourth quarter, while a collective hike in airlines’ fuel
surcharges would help offset a rise in fuel prices this week,
industry observers say.

Oct 27, 2010

SAIC Q3 net profit rises 47 pct, strong Q4 seen

BEIJING, Oct 27 (Reuters) – Top Chinese automaker SAIC Motor
Corp (600104.SS: Quote, Profile, Research, Stock Buzz) said its third-quarter net profit jumped 46.6
percent, in line with expectations, on solid demand for cars made
with its two major partners, General Motors [GM.UL] and
Volkswagen (VOWG.DE: Quote, Profile, Research, Stock Buzz).

The earnings news comes a day after rival BYD (1211.HK: Quote, Profile, Research, Stock Buzz)
reported its third-quarter earnings plunged 99 percent as its
aggressive sales strategy backfired when the market began to
slow. [ID:nTOE69L051]

Oct 26, 2010

BYD shares dive after Q3 net down 99 percent

BEIJING (Reuters) – BYD Co Ltd (1211.HK: Quote, Profile, Research, Stock Buzz), a Chinese carmaker backed by U.S. billionaire Warren Buffett, posted a disappointing 99 percent drop in quarterly earnings as its sales strategy backfired, sending its stock down 10 percent on Tuesday.

The worse-than-expected quarterly result came as auto sales tapered off in China, the world’s biggest auto market, in response to Beijing’s efforts to keep its economy from overheating.

Oct 26, 2010

BYD Q3 net down 99 pct on weak sales

BEIJING, Oct 26 (Reuters) – BYD Co (1211.HK: Quote, Profile, Research, Stock Buzz), a Chinese
carmaker backed by U.S. billionaire Warren Buffett, posted a 99
percent drop in third quarter earnings as its sales strategy
backfired and it slipped behind competitors.

The worse-than-expected quarterly result came as auto sales
tapered off in China, the world’s biggest auto market, in
response to Beijing’s efforts to keep its economy from
overheating.

Oct 12, 2010

China Sept car sales up 19.3 pct, Q4 growth seen

BEIJING, Oct 12 (Reuters) – Automakers in China shipped 19.3
percent more passenger cars to dealers in September from a year
ago, official data showed, extending a rebound begun in August
ahead of the peak auto sales season.

Market demand is likely to remain solid in the winter months
as many people rush to buy cars before the year end on worries
that Beijing may scale back or even scrap its incentives in 2011,
industry observers said.

Sep 15, 2010

Ford expects to outgrow China market this year

CHENGDU, China (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) expects its sales in China to outpace growth in Chinese car market this year as it expands its dealer network, the company’s local sales chief said on Thursday.

Ford, which competes with Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz) and others in the world’s largest auto market, is adding 70 dealers in the country, bringing the total to 310 by the end of the year, Nigel Harris told Reuters in an interview.

Sep 9, 2010

China automakers slow shipments to dealers in August

BEIJING (Reuters) – Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, official data showed, lagging a nearly 60 percent annual jump in retail car sales, reflecting an apparent drawdown in dealers’ showroom inventories.

A total of 1.02 million sedans, sport utility vehicles and multi-purpose vehicles were shipped to dealers in August, compared with 858,300 units a year earlier, the China Association of Automobile Manufacturers (CAAM) said on Thursday.

Sep 9, 2010

China automakers slow shipments to dealers

BEIJING (Reuters) – Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, official data showed, lagging a nearly 60 percent annual jump in retail car sales, reflecting an apparent drawdown in dealers’ showroom inventories.

A total of 1.02 million sedans, sport utility vehicles and multi-purpose vehicles were shipped to dealers in August, the China Association of Automobile Manufacturers (CAAM) said on Thursday.

Sep 7, 2010

SAIC Aug car sales growth slowest this year

BEIJING, Sept 7 (Reuters) – Top Chinese automaker SAIC Motor
Corp (600104.SS: Quote, Profile, Research, Stock Buzz) sold 22.2 percent more vehicles in August than
a year earlier, its slowest gain so far this year, though up on
July’s total unit sales.

SAIC, which runs vehicle manufacturing ventures with General
Motors [GM.UL] and Volkswagen (VOWG.DE: Quote, Profile, Research, Stock Buzz), sold 286,814 vehicles
in the month, it said in a statement to the Shanghai Stock
Exchange on Tuesday.