Hyundai, Kia see combined 2010 sales up 16 pct-paper (26/11/09)


Hyundai-Kia targets rapid China growth in 2010 (26/11/09)

Hyundai and Kia believe they will sell 5.39 million vehicles next year, which would represent a rise of 16 per cent from its projected figure for 2009, Maeil reports.

Furthermore, the affiliates are targeting a 25 per cent improvement to one million units in China, where they are set to build their third plant, at a cost of $800 million.

Toyota Expects China Sales to Jump 14% Next Year on New Models (27/11/09)

Toyota, which is the largest automaker in Japan, is looking to increase its Chinese sales by about 14 per cent next year.

Spokesman Yuta Kata told Bloomberg that 800,000 vehicles is a realistic target as the company prepares to launch the new Crown sedan and the Prius and Camry hybrids in the country.

Toyota, Honda Lead Increase in Japan’s November Vehicle Sales (01/12/09)

Toyota also saw its domestic sales (excluding Lexus brands) rise by 39 per cent to 147,513 units during November.

Figures from the Japan Automobile Dealers' Association confirmed that monthly auto sales increased in the country for the fourth straight month, buoyed by government incentives for fuel-efficient cars.

Honda (sales up 73 per cent) and Nissan (sales up 33 per cent) also enjoyed a productive month.

Japan's global auto production mixed in October (27/11/09)

Honda also enjoyed record auto production in Asia in China during October, seeing volumes increase by 22.5 per cent on a year-on-year basis to 86,070 vehicles.

However, Japan's second-largest automaker witnessed its global output sliding by 18.2 per cent to 301,103 units.

Toyota's worldwide production fell by 0.8 per cent to 785,615 vehicles, while Nissan recorded a 9.9 per cent rise to 306,146 vehicles, representing its first increase for 15 months.

Volkswagen Aims to Invest 6.2 Billion Reais in Brazil (26/11/09)

Volkswagen is preparing a $3.55 billion investment in Brazil between 2010 and 2014, with roughly 40 per cent of that figure devoted to increasing car production.

"There's a huge growth potential in Brazil," Thomas Schmall, Chief Executive of the German firm's Brazilian Unit, said in an interview with Bloomberg.

Brazil Auto Industry Raises 2009 Sales Forecast To 3.1M (04/12/09)

Anfavea, the Brazilian national manufacturers' association, has increased its 2009 sales forecast for the country, the Wall Street Journal reports.

The body now believes that 3.1 million vehicles will be sold during the year, up from a previous estimate of three million.

In addition, Anfavea predicted that sales will reach 3.4 million vehicles in 2010, with production hitting 3.39 million units.

China to expand sales tax cuts on cars in 2010-paper (29/11/09)

Meanwhile, in China, the government is planning to deepen its existing tax cuts for small, fuel-efficient cars in 2010, Shanghai Securities News reports.

The ministry of finance and the national development and reform commission will also extend the incentives to all passenger vehicles, rather than just those with engines of 1.6 litres or smaller.

China car sales raise global stakes (07/12/09)

Chinese manufacturers are also investing considerable sums to improve production capacity in the country as demand continues to grow, the BBC reports.

Research group JD Power believes that sales will rise from less than nine million in 2008 to between 12 and 13 million this year, with a possible jump to 16 million by 2015.

Car sales and output pass the 12 million mark in China (07/12/09)

Indeed, the China Automobile Association of Manufacturers has confirmed that sales and production in the country both passed 12 million units between January and November.

The body now expects the full-year figures in both categories to be in excess of 13 million, according to the Xinhua News Agency.

Jaguar Land Rover see sales rise, boosting Tata profits (27/11/09)

Jaguar Land Rover saw its sales increase by 23 per cent - from 35,900 to 44,300 units - on a quarterly basis between July and September.

According to owner Tata Motors, the improvement can largely be attributed to new products such as the upgraded Range Rover, Range Rover Sport and Discovery 4.

Audi clean diesel sedan wins 'Green Car' award (03/12/09)

German manufacturer Audi's A3 TDI clean-diesel sedan, which was launched in the US in November, was awarded the Green Car of the Year award at the Los Angeles Auto Show.

The vehicle, which edged Toyota's Prius hybrid into second place, is capable of achieving 42 miles per gallon.

General Motors India to tie-up with China's SAIC (04/12/09)

GM to Transfer China Venture Stake to SAIC, Form India Venture (04/12/09)

General Motors has confirmed that its Indian unit will join forces with Chinese firm Shanghai Automotive Industry Corporation to produce commercial vehicles and other products in the country.

According to the Detroit-based parent company, the move will involve its two existing plants in India and will lead to the creation of extra jobs.

U.K.: Car sales accelerate as scrap scheme nears end (05/12/09)

Finally, in the UK, new car registrations increased by 57 per cent on a year-on-year basis during November as consumers continued to respond to the government's scrappage scheme.

"The increase in new car registrations in November reflects the positive impact of the scrappage incentive scheme, customers avoiding the VAT increase in January and the very difficult conditions that we experienced a year ago," said Paul Everitt, Chief Executive of the Society of Motor Manufacturers and Traders.

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