Subscribe free to our newsletters via your
. GPS News .




CAR TECH
China auto sales up 2.5% in September: industry group
by Staff Writers
Shanghai (AFP) Oct 13, 2014


China's auto sales rose just 2.5 percent year-on-year in September, the slowest growth for any month this year, an industry group said Monday, as a weak economy took a toll on the world's largest car market.

Total sales hit 1.98 million vehicles for the month, the China Association of Automobile Manufacturers said in a statement.

In August, auto sales reached 1.72 million vehicles, a year-on-year rise of 4.0 percent.

Although the group cited rising seasonal demand from the traditionally slow summer months, it added year-on-year growth was "relatively low" in September.

Passenger car sales alone rose 6.4 percent to 1.70 million vehicles in September, the association said.

For the first nine months of the year, sales of vehicles -- both passenger and commercial -- rose 7.0 percent to 17.0 million units, it said.

Last year, auto sales in China reached 21.98 million vehicles, helped by a recovery in Japanese brands which were hit by a political row between Tokyo and Beijing over disputed islands.

China's economy grew 7.5 percent year-on-year in the second quarter this year, improving marginally from 7.4 percent in the first quarter, which was the worst since a similar 7.4 percent result in July-September 2012.

At the same time, a government crackdown on corruption and an austerity campaign have hurt the luxury auto segment, analysts say.

The government has also taken aim at foreign auto makers, which dominate the market, for what authorities claim is monopoly actions over prices of parts and complete vehicles, fining some.

Still, US auto giant General Motors (GM) posted its best September ever in China with sales rising 15.2 percent year-on-year to 319,936 units, according to the company.

GM expects to sell a record number of cars in China, its biggest market, this year, exceeding last year's tally of 3.16 million, GM China President Matthew Tsien said last month.

.


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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CAR TECH
Tesla unveils new electric car for bad weather
Los Angeles (AFP) Oct 10, 2014
Electric car giant Tesla on Thursday unveiled a new two-engine vehicle designed to perform in bad weather, featuring four-wheel drive and anti-collision technology. Performance in inclement conditions was considered one of the weak spots of Tesla's existing models and with the new car, the company is trying to win over drivers in regions where the weather is not the nearly year-round sunshin ... read more


CAR TECH
NMSU researchers address water sustainability for viable farming

China food giant buys into Italian olive oil maker

Study: Genetics drive coffee habits

New estimates for carbon emissions from cropland expansion in China

CAR TECH
NIST quantum probe enhances electric field measurements

Intel to buy stake in two Chinese firms

Oxides Discovered by CCNY Team Could Advance Memory Devices

New discovery could pave the way for spin-based computing

CAR TECH
Airbus says China to buy 70 A320 planes worth $6.6 bn

Army touts interoperability of Apache helos, unmanned aircraft

Rafale F1 naval jet upgraded by Dassault Aviation

BAE Systems Australia building avionics components for F-35

CAR TECH
Tesla unveils new electric car for bad weather

Siri can be distraction to drivers: US study

Lamborghini reveals Asterion LPI-910, hybrid supercar that hits 199 mph and gets 57 mpg

High-tech gadgets drive wow factor at Paris motor show

CAR TECH
Virtual currency founder extradited to face US charges

China and Germany vow to deepen ties at Li-Merkel summit

Egypt raises over 8 bln USD for new canal project

What Google's tax row with France says about income tax

CAR TECH
Climate program will protect 9 million hectares of Congo forest

If trees could talk

Time for worldwide fund to save mangroves: UNEP

Philippines 'breaks world tree-planting record'

CAR TECH
New NASA Video Gives Hurricanes a Good 'HIWRAP'

CryoSat unveils secrets of the deep

NASA Study Finds Earth's Ocean Abyss Has Not Warmed

ADS and Exelis To Provide ENVI Users Integrated Access to Imagery

CAR TECH
Fast, cheap nanomanufacturing

Smallest world record has 'endless possibilities' for bio-nanotechnology

Nanoparticles give up forensic secrets

All directions are not created equal for nanoscale heat sources




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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 All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.