Subscribe free to our newsletters via your
. Space Industry and Business News .




CAR TECH
China auto show opens amid environmental, growth concerns
by Staff Writers
Beijing (AFP) April 20, 2014


Leading automakers gathered in Beijing Sunday for China's biggest car show, expressing confidence in the world's largest car market even though lacklustre economic growth and environmental restrictions have generated uncertainty.

Spectators and journalists crowded around displays at the Beijing International Automotive Exhibition, which features more than 1,100 vehicles and opens to the public on Monday, while female models drew the attention of photographers.

General Motors, Toyota, Volkswagen and Hyundai are among the global manufacturers on the list of attendees, along with SAIC and Dongfeng, China's number one and two domestic automakers.

"This is obviously an incredibly important market for General Motors," its president Dan Ammann told reporters, saying China since 2010 had been the US automaker's largest market which now accounted for a third of total volume.

GM's China president Matt Tsien said that "we're very optimistic with regard to the overall progress in the market" even though the world's second-largest economy was entering a phase of "more modest growth".

At Ford Motor's display president and CEO Alan Mulally rode onto the stage in a bright red Ford Mustang, the latest incarnation of the iconic brand which is celebrating its 50th year.

"How cool is that?" he said after getting out, his red tie matching the paint job.

The expo comes as more cities are restricting the number of cars on the road in a bid to battle pollution and congestion -- moves that analysts warn could cut into purchases.

The eastern city of Hangzhou, a popular tourist destination, last month became the sixth major Chinese city to implement such a restriction, with some estimates placing the limit at 80,000 car plates a year.

China's car sales surged 13.9 percent to 21.98 million vehicles last year. But that growth hit a speed bump in March, slowing to a 6.6 percent year-on-year rise after reaching a record 17.8 percent high in January.

China's economy has also turned in its weakest performance in 18 months, growing 7.4 percent in the first quarter of 2014.

Beijing has indicated a willingness to accept weaker growth as it tries to move the economy away from investment and toward domestic consumption.

- 'Fantastic' market -

Despite the concerns, industry players and analysts say the China market's importance to global manufacturers cannot be overstated.

"I think the market for cars is going to continue to be fantastic," Ford's Mulally told reporters, adding that the promise of increased domestic spending outweighed concerns about congestion.

China's overall plan "to move to a consumer-based economy" was a key factor "that reduces risk", he said.

"We are also working with all of the cities and the government because just to add more cars in the cities is not going to be the answer," he added.

Ford has opened three plants in China since 2012, with four more under construction, Mulally said, adding: "This is part of our biggest global manufacturing expansion in 50 years".

GM plans to increase its manufacturing capacity in China by 65 percent between 2014 and 2020, in what Tsien called an "incredible" amount and one the company is only experiencing in China.

Karsten Engel, president and CEO of BMW's operations in China, said Sunday the German automaker was introducing 10 new models to China this year, and carrying out more manufacturing and research and development inside the country.

"All these efforts are based on our confidence in the long-term development of our success here," he said.

German auto giant Daimler said last month it had signed a deal worth one billion euros ($1.4 billion) with Chinese partner Beijing Automotive Industry Corporation to expand production at their joint venture based in Beijing.

CEO Dieter Zetsche told reporters on Sunday he expected premium car sales to rise faster than auto sales in general, adding that caps on vehicles "typically increase the share of the premium market".

Further underscoring China's significance in the car market, French auto giant Peugeot Citroen agreed earlier this year to hand over part-control to Dongfeng and the French state.

South Korea's largest automaker Hyundai Motor also announced in March it was planning a fourth plant in the country.

.


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
Chinese dream trumps environment as cars sales boom
Shanghai (AFP) April 18, 2014
When accountant Ariel Wang bought a new car a few weeks ago, environmental protection was far from her mind even though smog has reached crisis levels in China's commercial hub Shanghai. She settled on a sturdy sport utility vehicle, the Audi Q5, as the ideal family car for her husband's daily commute to work and transport for her young daughter at the weekends. "We didn't really think ... read more


CAR TECH
Deep sea rocks may be future source for rare earth metals

Glasses strong as steel: A fast way to find the best

Tiny Step Edges, Big Step for Surface Science

Quantum superconductor-metal to glass transition observed

CAR TECH
NGC Ships Payload Module For 4th Advanced EHF Protected ComSat

Harris, Exelis win Army radio contract

Fourth AEHF Protected Communications Satellite Begins Integration Months Ahead of Schedule

Intelsat and L-3 Test Protected Air Force Tactical Technology on Ku-band

CAR TECH
SpaceX launches Dragon capsule to ISS

Russia will continue rocket engines supplies to US

MEASAT-3b shipped to launch base

Egypt to launch new satellite from Kazakhstan

CAR TECH
Fifth Boeing GPS IIF Satellite Joins Global Positioning System

Satellite Navigation Failure Confirms Urgent Need for Backup

USAF Awards Lockheed Martin Full Production Contracts For Next Two GPS 3 Satellites

PSLV-C24 Launches India's Second Dedicated Navigation Satellite IRNSS-1B

CAR TECH
Malaysia, Australia in deal on black box custody: report

Gulfstream announces 60-plane deal for China

Swiss voters set to sink Swedish jet fighter deal: poll

Air Force receives first production lot JASSM-ER missiles

CAR TECH
Ultra-fast electrical circuits using light-generated tunneling currents

Catching the Invisible Wave

Domain walls in nanowires cleverly set in motion

Scalable CVD process for making 2-D molybdenum diselenide

CAR TECH
China uses satellite, drones to fight pollution

Mitsubishi Electric Begins Developing GOSAT-2 Satellite System

DMCii help Dutch company eLEAF provide much needed crop information to African farmers

China preps satellite to help detect quakes

CAR TECH
Oil company blamed for toxic tap water in China: Xinhua

Snowstorms and power outages present elevated risk for carbon monoxide poisoning

Strong winds won't solve British pollution, advocacy says

China detains 18 over 'violent' chemical protests in Maoming




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.