Monday, April 11, 2011

DTN News - Asian Defense News: Automobile News ~ China Auto Sales Rebound But Growth Weak

Defense News: DTN News -
Asian Defense News: Automobile News ~ China Auto Sales Rebound But Growth Weak
(NSI News Source Info) TORONTO, Canada - April 11, 2011:
China's auto sales rebounded in March but growth was well below last year's rapid expansion asgasoline pricesrose and government incentives wound down.

An industry group, the China Association of Automobile Manufacturers, says sales rose 5.4 percent over a year ago to 1.8 million vehicles. That was up from February's 4.6 percent increase but below 2010's 30 percent expansion.

China passed the United States in 2009 to become the biggest auto market by number of vehicles sold.Industry analysts expect total Chinese sales to rise 10 to 15 percent this year though growth should be much slower than in 2010.


*Source: AP - Associated Press - The Associated Press

Global Car / Automobile Industry

  1. News for China Auto Sales


    INAUTONEWS
  2. China auto sales rebound but growth weak
    1 hour ago
    AP , 04.11.11, 04:25 AM EDT SHANGHAI -- China's auto sales rebounded in March but growth was well below last year's rapid expansion as gasoline prices rose ...
    Forbes - 43 related articles

  5. China auto sales up 4.6% last month - Taipei Times

    10 Mar 2011 ... Auto sales in China, the world's largest car market, rose by 4.57 percent last month from a year earlier, data from an industry group showed ...
    www.taipeitimes.com/News/biz/archives/2011/03/10/2003497791 - Cached

  6. China's auto sales growth seen near 2010 rate-exec | Reuters

    11 Mar 2011 ... BIRMINGHAM, Mich., March 11 (Reuters) - The Chinese automarket'ssalesgrowth in 2011 will be close to last year's 32percent increase ...
    www.reuters.com/article/.../china-autos-idUSN1129734320110311 - Cached

  7. China Auto Industry: GM First Quarter China Auto Sales Up 10% - CNBC

    3 Apr 2011 ... General Motors said on Saturday it sold 685583 vehicles in China in the first quarter, up 10 percent from a year earlier.
    www.cnbc.com/id/.../GM_First_Quarter_China_Auto_Sales_Up_10 - Cached

  8. With Tax Incentives Gone, Chinese Auto Sales Drop Like A Rock

    9 Mar 2011 ... China's automobile sales market just tanked, declining 33%, month-over-month ... Definitely a slow down auto investors should take note of. ...
    www.businessinsider.com/china-auto-sales-february-2011-3 - Cached

  9. Chinese auto sales hit monthly record - Business - CBC News

    18 Feb 2011 ... Factory sales of Chinese passenger cars rose 16.8 per cent in January from the same month a year earlier, an industry grouped reported ...
    www.cbc.ca/news/business/story/2011/02/.../china-auto-factory-orders.html

  10. China Auto Sales Jump 27 Percent in November | CNSnews.com

    9 Dec 2010 ... Shanghai (AP) - China's auto sales powered ahead in November, jumping 27 percent to 1.7 million vehicles as car buyers rushed to beat ...
    www.cnsnews.com/news/.../china-auto-sales-jump-27-percent-novembe


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*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News

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DTN News - Asian Defense News: China News ~ China's Car Sales Rise 6.5% In March As Market Rebounds

Defense News: DTN News -
Asian Defense News: China News ~ China's Car Sales Rise 6.5% In March As Market Rebounds
(NSI News Source Info) TORONTO, Canada - April 11, 2011:
China's auto market rebounded in March as car sales rose by 6.5%, compared with the same month a year ago.

New passenger car sales stood at 1.35m, according to the latest data by the China Association of Automobile Manufacturers (CAAM).

That marks a 39% jump from the previous month. The numbers were being closely watched, after sales in February grew at the slowest pace in two years.

China overtook the US in 2009 to become the world's biggest auto market.

Car sales for the first three months of the year grew by 9.1%, compared with the first quarter last year.

The rebound in the sector was led by Toyota. The world's biggest car manufacturer saw sales surge by 37.4% in March, from the same time a year ago.

However, rival Japanese car makers Mazda and Honda reported a slide in their sales.

Chinese car manufacturer BYD, which is backed by billionaire investor Warren Buffett, also reported a fall in its sales numbers, despite announcing a massive price cut earlier in the year.

*Source: BBC World News

Global Car / Automobile Industry



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DTN News - Asian Defense News: Singapore News ~ ‘No Casino? I’ll Kill Myself’

Defense News: DTN News -
Asian Defense News: Singapore News ~ ‘No Casino? I’ll Kill Myself’
(NSI News Source Info) TORONTO, Canada - April 11, 2011:
Her children tried to stop her from gambling, but she threatened to kill herself.

After a two-hour stand-off on the third day of last Chinese New Year, the children's 51-year-old mother got her way and went back to the casino.

When she returned 24 hours later, she had lost S$7,000.

It was then the children gave up trying to get their mother to quit gambling. She had already racked up debts of more than S$300,000.

Speaking to The New Paper from their four-room HDB flat in Simei, accountant Jayden Liu, 24, said, "Now, we can only pray that a miracle happens before we lose her or the roof over our heads."

He recounted that his mother cried, pleaded and lashed out at her children during that confrontation. She put a stool to the kitchen window and threatened to jump after Jayden's younger sister, Jessie, 16, angrily said that they were considering applying for a family exclusion order to the casinos.

Jayden said, "We weren't sure if she'd really do it, but we couldn't take the risk. We had lost our father (to cancer) six years ago, we didn't want to lose our mother."

Taking up a job at a convenience store last December, Jessie now works Saturdays in order to pay for her math tuition and ease her brother's burden.

She also refuses to take money from him. "He should be dating and not taking on another job after office hours and over the weekends."

Jayden now works part time in a karaoke chain, and more than half his S$3,900 take-home pay goes towards paying relatives from whom he borrowed money to clear his mother's debts.

When asked by the same paper about her children's struggle, the hawker mum said, "I really don't think it's any of their business what I do, even if the creditors come hounding. If they are so unhappy, they can always move out."

On her suicide threat, she added that it was only a threat, and she never really intended to jump.

Charles Lee, a senior counsellor at Tanjong Pagar Family Service Centre, was not surprised.

"Normally, when a gambler is in a desperate situation, he will resort to emotional blackmail," he said.

Lee, who is in charge of the problem gambling counselling programme at Tanjong Pagar FSC, said that only trained and experienced counsellors can tell if a threat is real.

"While no one should take it lightly, most times, the threat could be just a threat," he said.

Lee, who has handled such cases before, advised the Liu siblings to seek professional help.



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