. Space Industry and Business News .




.
CAR TECH
GM bets on fast-growing China auto market
by Staff Writers
Shanghai (AFP) Sept 21, 2011

General Motors said Wednesday China would be the world's fastest growing auto market over the next decade, as it unveiled its latest bid to give it a greater slice of the clean energy vehicle segment.

GM executives made the forecast at the opening of a centre in Shanghai, where the company's international operations are now based, to develop new technologies to make autos lighter and batteries for electric cars.

It comes a day after the US giant signed an agreement with its Chinese partner SAIC Motor, the biggest domestic auto maker, to develop electric vehicles in China.

"It's the fastest growing car market in the world in the next 10 years," GM China Group president Kevin Wale told reporters.

GM chairman and chief executive Dan Akerson said the technical facility was "symbolic of how important China is to General Motors."

The centre will grow to include a design studio, as well as development of vehicle engineering, power train and manufacturing processes in its second phase, scheduled to open in the next 12 months.

China overtook the United States to become the world's top auto market in 2009 and has been increasingly important for global carmakers like GM, which have been hurt by slowing markets in America and Europe.

Wale said China's total auto sales were expected to reach about 19 million units this year, marking growth of around five percent from the record 18.06 million units sold last year.

GM's sales in China hit 205,885 units in August -- a record for the month -- up 13.4 percent from a year ago, despite a slowdown in China's auto market as Beijing phased out incentive policies introduced during the financial crisis.

China has been pushing for the development of clean energy vehicles as it seeks to reduce chronic pollution and its reliance on foreign oil.

Related Links
Car Technology at SpaceMart.com




 

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries








. 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



CAR TECH
GM and SAIC to develop electric vehicles in China
Shanghai (AFP) Sept 20, 2011
General Motors has signed an agreement with its Chinese partner to develop electric vehicles in China, the world's largest auto market, the two companies said Tuesday. The US giant and SAIC Motor, China's biggest domestic auto maker, will design the electric vehicles and develop key components, they said in a joint statement, without providing a timeframe. "The co-development of this new ... read more


CAR TECH
Nobel Laureate may have suppressed evidence on radiation effects in 1946

Did chemical reactions cause Twin Towers collapse?

Apple to unveil iPhone 5 on October 4: report

Researchers make visible the structure of the smallest crystals

CAR TECH
Raytheon Fields First AEHF Satellite Communications Terminals to Tactical Units

Harris unveils new systems

Boeing Receives Additional Wideband Global SATCOM Orders

Environmental Testing of New Military Communications Satellite Completed

CAR TECH
Double prime for Astrium on next Ariane launch

Arianespace to launch up to four satellites for DIRECTV

Build-up is underway for the no. 1 Soyuz to be launched from French Guiana

Space Systems/Loral Delivers ViaSat-1 Broadband Satellite to Launch Base

CAR TECH
Honeywell Unveils New Version of ViewPoint

Russia set to launch Glonass-M satellite on Oct. 1

Northrop Grumman Introduces New Marine Gyro-Based Inertial Navigation System

Lawmakers question WHouse role in wireless project

CAR TECH
Airbus aims to dominate China market

IATA ups 2011 airlines profit outlook, 2012 weak

Asia short on pilots: Boeing

Italy's Finmeccanica says to cut 1,200 aviation jobs

CAR TECH
RIM shares fall on disappointing results

RIM shares fall on disappointing results

Spin pumping effect proven for the first time

Ferroelectrics could pave way for ultra-low power computing

CAR TECH
Japanese meteorological firm to launch satellite to track Arctic sea ice

ERS satellite missions complete after 20 years

Northrop Grumman to Complete Advanced Technology Microwave Sounder for Joint Polar Satellite Systems

GIS Finds its Way to The Cloud

CAR TECH
Humanity falls deeper into ecological debt: study

Protests mark rising environment awareness in China

China shuts factory after violent pollution protests

Greenpeace teaches civil disobedience


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

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement