BEIJING, March 9 (Reuters) – Car sales in China rose 2.6
percent in February from a year earlier, the slowest pace in 23
months, as a pre-holiday buying spree led to a subsequent
drop-off in demand in the world’s largest auto market.
The more subdued growth pattern is expected to extend into
the coming months now that automakers are relying mostly on
rational demand, not government tax incentives, to drive sales,
industry observers say.
BEIJING (Reuters) – After flying high for two straight years, China’s airlines will have to brace for strong headwinds now that oil prices have topped $100 per barrel, with no letup in sight.
Top airline executives attending China’s annual parliament and political meetings in Beijing were peppered with questions from journalists asking how they planned to cope with high fuel prices.
BEIJING (Reuters) – Jon Huntsman is a savvy operator who knows how to work a crowd. But it was someone in a crowd who worked Huntsman on a bitterly cold Sunday last month when the U.S. envoy to China was seen at a small anti-government protest in Beijing.
“Mr. Ambassador, why are you here?” an unidentified Chinese man called out to Huntsman, who is thinking about running for the White House in 2012. “Just taking a look,” replied the silver-haired Huntsman in Chinese, wearing sunglasses and a brown leather jacket with an American flag patch sewn on the shoulder.
BEIJING (Reuters) – Flush from heady sales in the world’s largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N: Quote, Profile, Research) GM.L blazing the trail with shipments of its Chevy Sail.
BEIJING (Reuters) – Flush from heady sales in the world’s largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N: Quote, Profile, Research, Stock Buzz) (GM) blazing the trail with shipments of its Chevy Sail.
BEIJING, Feb 27 (Reuters) – Fighting inflation is a priority
for the government in China where rapid price rises and pressure
to sharply raise the value of the yuan are a threat to social
stability, Premier Wen Jiabao said on Sunday.
Wen’s comments at an online forum ahead of China’s annual
parliament session from March 5, reflect the sensitivity among
top Communist Party leaders to public grumbling about rising
real estate and food prices.
BEIJING, Feb 25 (Reuters) – China’s Geely-owned Volvo will invest $10-$11
billion over the next five years, with most of that aimed at new products
including more upscale cars in China, the world’s largest auto market, its chief
executive said on Friday.
Stefan Jacoby, in an interview with Reuters in Beijing, said the Swedish
auto maker hopes to be selling 200,000 vehicles annually in China by 2015, and
has set a goal of capturing 20 percent of the country’s premium auto sector.
BEIJING, Feb 11 (Reuters) – Top Chinese automaker SAIC Motor
Corp (600104.SS: Quote, Profile, Research, Stock Buzz) sold 35 percent more vehicles in January than
in the same month last year, as a holiday buying spree helped it
extend momentum from late 2010.
SAIC, which runs vehicle manufacturing ventures with General
Motors (GM.N: Quote, Profile, Research, Stock Buzz) and Volkswagen (VOWG.DE: Quote, Profile, Research, Stock Buzz), said on Friday it sold
416,000 vehicles last month.
BEIJING (Reuters) – Potential car buyers tried their luck in Beijing’s first lottery for new-car registrations on Wednesday, but most were left empty-handed, victims of the city’s efforts to tackle its ever-worsening traffic congestion.
The computerized lottery process, broadcast live on national TV, finished in roughly 20 minutes, with 17,600 winners out of a pool of 187,420 applicants.
BEIJING, Jan 20 (Reuters) – Ford Motor (F.N: Quote, Profile, Research, Stock Buzz) is in talks with
its Chinese partner, Chongqing Changan Automobile Co (000625.SZ: Quote, Profile, Research, Stock Buzz),
to export China-made Ford vehicles to emerging markets, two
people familiar with the matter told Reuters on Thursday.
Ford, which competes with General Motors (GM.N: Quote, Profile, Research, Stock Buzz) among others
in the world’s largest auto market, aims to expand its joint
efforts with its Chinese partner. [ID:nN24159793]