GPS News  
CAR TECH
China showcases global muscle at auto show

by Staff Writers
Shanghai (AFP) April 17, 2011
The world's top car makers head to China this week for the Shanghai Auto Show, where they hope to cash in as the sector reels from last month's earthquake and tsunami in Japan.

After two years of booming sales, the growth in China's auto market -- which in 2009 overtook that of the United States to become the world's largest -- tapered off to eight percent year-on-year in the first quarter of 2011.

That slowdown -- which still meant the sale of 4.98 million units -- comes as Beijing winds back stimulus measures put in place to combat the global financial crisis and curbs the number of licence plates issued in the capital.

But analysts remain bullish about the market's prospects, as the number of car owners is still relatively small compared with the country's massive population of more than 1.3 billion.

"The centre of gravity for activity is clearly moving towards China," Patrick Blain, president of the International Organisation of Motor Vehicle Manufacturers, told AFP earlier this month.

"One advantage that China has is its centralised economy," said Carlos da Silva, a Paris-based analyst for Global Insight.

"The periods of slowdown are also due to the government's wish to avoid overheating," he said.

The show, which opens Tuesday to the press, covers 230,000 square metres (2.5 million square feet) of exhibition space in Shanghai's Pudong high-tech district, 35 percent more than for the show two years ago, organisers said.

About 2,000 car and parts makers from 20 countries will hawk their wares -- showcasing 75 new models, 19 of them making their world premieres. A total of 1,100 vehicles will be on display.

Organisers are expecting 700,000 people to visit the show during the six days that it is open to the public, from April 23-28.

As the first auto show since the March 11 twin disasters in Japan, where a large number of auto components are made, Shanghai will also allow industry heavyweights and analysts to gauge the impact of the catastrophe on the sector.

"By mid-April, the slowdown in Japanese factory output has meant that 800,000 fewer cars were made there," Da Silva said, adding that plants outside Japan were "just starting to suffer".

The analyst estimated that by month's end, 25,000 fewer cars would have been made in China, 55,000 fewer in Europe and 68,000 fewer in North America as a direct result of the crisis in Japan.

The show will also allow Chinese car makers, still mainly focused on small models marketed to customers with modest means, to showcase their more upmarket vehicles that will pose a direct threat to foreign manufacturers.

"The Chinese builders occupy 30-31 percent of the total market share. But in terms of revenue, they only account for around 17 percent," John Zeng, an analyst at J.D. Power in Shanghai, told AFP.

Jia Xinguang, an independent industry expert in China, added that "green" clean energy cars would also win attention in Shanghai.

"A Chinese development plan for these vehicles should be made public in the first half of this year," Jia said.

Last year, local media reported that the government was planning to spend $14 billion by 2020 on clean-energy vehicles, but the details of the plan were never published.

Among the world premieres, Volkswagen will unveil its new Beetle, GM will feature its new Chevrolet Malibu and the Buick Envision and France's PSA Group will debut its Citroen DS5.

China's Geely, which bought Volvo last year, will show off 36 new models, according to organisers.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Car Technology at SpaceMart.com



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


CAR TECH
GM leads in clean energy patents: study
Detroit, Michigan (AFP) April 15, 2011
General Motors received more clean energy patents in the past year than any other company, a study released Friday said. GM's 135 patents represented nearly 14 percent of the 1,881 US patents obtained by 700 organizations in 2010, according to an analysis by the Clean Energy Patent Growth Index. The successful patent applications came as GM made major investments in research and developm ... read more







CAR TECH
Vegetarian magazine defends meat photos

Half EU states negative on GM foods

Brazil issues $1.2 bln in fines on beef companies

Five held in China steamed bun probe

CAR TECH
Researchers Advance Toward Hybrid Spintronic Computer Chips

ASML quarterly profits soar, record year expected

Motorola Solutions, Huawei settle IP dispute

Technique For Letting Brain Talk To Computers Now Tunes In Speech

CAR TECH
Ceramic Coatings May Protect Jet Engines From Volcanic Ash

Airline readiness for volcanic ash clouds tested

S. Korea preferred bid for Indonesian jet contract

Chinese airlines sign deal to buy 35 Embraer jets

CAR TECH
China showcases global muscle at auto show

Toyota to operate all plants in May at half volume

Philippines launches electric tricycles

Aftershocks to Japan automakers 'to last months'

CAR TECH
SAfrica warns WTO on cusp of 'serious crisis'

Russian firms plan Hong Kong listings as president visits

Uruguay battles inflation as peso soars

China vows to promote balanced trade

CAR TECH
Indonesia's carbon-rich wetlands essential

NGO sues to save forest for Paraguay natives

Low Fertilizer Use Drives Deforestation In West Africa

Slash-and-burn threatens African forests

CAR TECH
Arctic Ice Gets A Check Up

Joint Polar Satellite System Program And The US Budget

Pulling Back The Sheets

Arctic Ozone Loss

CAR TECH
New Fracture Resistance Mechanisms Provided By Graphene

German cabinet approves CO2 storage bill

Europe pushes plans to hike diesel, coal taxation

Health Effects Of Amines And Their Derivatives


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. 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 SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement