Auto stocks up, though no further details have been provided.
Sales fall four months straight in world's biggest auto market.
Audi doesn't seem to be having any trouble of hitting its relatively audacious sales goal of two million units by 2020 – it's already on pace to eclipse 1.5 million sales two years ahead of schedule. According to Reuters, the Volkswagen-owned brand rode a wave of sales in China and the US to pace the early goal, with 780,500 deliveries at the halfway point of 2013. Particularly hot models include the Q5 crossover seen above and A4 sedan. Unless things go poorly in the second half of the ye
China consumers bought twice as many battery-electric vehicles (BEVs) last year as they did hybrids, the China Automotive Review reported, citing the China Association of Automobile Manufacturers (CAAM).
Booming auto sales in China are credited with pushing Toyota Motor Corp's Asian auto sales higher than those solely in its domestic market for 2009 - a first for the Japanese automaker. Toyota sold 1,354,000 units in Asia during the first 11 months of the year (an increase of 4.5 percent compared to the previous year). In contrast, the automaker sold 1,256,000 vehicles in Japan during the same period. China is credited with 622,000 units sold (a 20.7 percent increase) - that number is expected t
Most of the world has been knee deep in a wicked recession for quite a while, and auto sales have been hit especially hard. Here in the U.S., the numbers have been abysmal, as the first half of the year saw only 4.8 million sales through June. China, on the other hand, is running away with the overall sales lead, as the emerging emerged market has added 6.1 million cars and trucks to its still developing roadways. According to The Associated Press, June sales were up 36% over the same period in
General Motors sold 1.09 million vehicles in China in 2008, and the automaker wants to nearly double that figure to two million by 2013. A GM spokeswoman in China said they'll do that by introducing thirty -- that's right, 30 – "new or upgraded models" over the next five years. The company's March sales were up in China, along with everyone else's, thanks to China's new car buying incentive. With Q1 sales at 363,701 units, that would put GM on course for nearly 1.5 million cars sold in 200
General Motors has been on the upswing in their home market lately, at least compared to Ford and Chrysler, but its US performance pales compared to the automaker's action in China. General Motors China just released their first quarter sales figures and they are up twenty-five percent compared to 2006. For the second time in 2007, March sales cracked the 100,000 unit barrier.