China, Auto Industry | featured news

Toyota over the weekend broke ground for a technical center near Shanghai that will prepare for shifting production to China of tightly guarded technology used in its hybrids and other alternative-energy vehicles—but not its latest technology.

General Motors' sales in China increased 28.8% in 2010 while U.S. sales rose just 6.3%. GM is one of the best-positioned automakers in emerging markets, even better than Toyota, says one expert. General Motors Co. sold more vehicles in China than it did in the U.S.

Across Eastern Europe, Russia, Kazakhstan and the Gobi Desert - it certainly was a long way to go without getting lost... The vehicles, equipped with four solar-powered laser scanners and seven video cameras that work together to detect and avoid obstacles, are part of an experiment aimed at improving road safety and advancing automotive technology.

Why GM's future is in Asia.

General Motors' sales in China continued their rapid growth in March, helping to cement China as the U.S. auto maker's biggest market by vehicle sales so far this year.

Ford Motor reached an agreement to sell its Volvo subsidiary to a Chinese conglomerate for $1.8 billion.

China overtook the United States as the biggest auto market in 2009 and automakers should see more strong growth this year, an industry group reported Friday.

GM completed an agreement to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery.

General Motors Co. said Friday it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.

GM is in talks about turning its Saturn division over to Renault. Separately, China's Geely Automobile has submitted a bid to acquire GM's Saab unit.