June 2 - The U.S. South is one region well placed to weather a storm battering the American car industry. Following is a list of major auto assembly plants in southern states: TEXAS - There...
TOKYO, May 22 - Japan's Fuji Heavy Industries Ltd is considering purchasing some General Motors Corp and Chrylser dealerships in the United States., to expand sales of its Subaru cars, the Mainichi daily reported on...
* China auto sales hit record in April * Automakers' earnings remain weak * Full-year bottom lines may improve - analysts (Releads with data from industry group, adds analyst comments) SHANGHAI, May 8 - China's...
China's automobile sales may have reached a record high of 1.15 million units in April during what may have been the fifth consecutive month of growth due to the government's auto industry stimulus package, in the estimation of the China Association of Automobile Manufacturers (CAAM). Huang Yonghe, an expert at...
BEIJING, April 22 - China will expand an existing subsidy scheme to encourage the replacement of old cars and buses as part of efforts to stimulate the domestic auto industry, the Ministry of Commerce said...
WASHINGTON, April 9 - President Barack Obama, saying he was committed to a strong U.S. auto industry, announced on Thursday the government would buy 17,600 new fuel-efficient vehicles from ailing American automakers by June 1....
* Sees Q2 industry sales equal or slightly better than Q1 * Sees U.S. auto industry recovery in 2010 * Says German scrappage program good model for U.S. NEW YORK, April 8 - U.S. auto...
The industry wants the government to give $3,000 incentives to drivers who scrap old cars and buy new ones.
"Green" is a high priority in the China Auto Industry - the government is granting subsidies for environment friendly technology, and Chinese car makers are investing huge efforts to develop and launch alternative power trains in the market. That's certainly good news. Being set to become the largest auto market in the world brings along responsibilities, and to lead the fight against pollution is one of them.
To boost China's annual auto sales beyond 10 million units, Beijing is planning to consolidate the country's auto industry.