rorty:::tort: DAILY: China restricts foreign investment in auto manufacturing | Ford brand sales top 2 million in U.S.

DAILY NEWSLETTER

December 30, 2011

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China applies brakes on foreign investment in auto manufacturing
GM, VW downplay risk to expansion plans

SHANGHAI (Bloomberg) -- China will stop encouraging foreign investment in car manufacturing to allow for "healthy development" of a market that that has seen sales growth plummet to a tenth of last year's pace.
Beijing has reshuffled a list of ... >> story Published: Dec 30 1:34 am U.S. Eastern time / Last changed: 12/30/11 9:15 a.m. ET

Ford brand sales top 2M in U.S. for first time since 2007

DETROIT -- Ford Motor Co. said U.S. sales of the Ford brand topped 2 million units this year for the first time since 2007, implying a 15 percent share in the second biggest auto market in the world.
The Ford division -- helped by new models such as ... >> story Published: Dec 30 10:39 am U.S. Eastern time / Last changed: 12/30/11 2:12 p.m. ET

Saab said to attract interest from India's Mahindra

STOCKHOLM -- Mahindra & Mahindra Ltd., India's biggest sport-utility vehicle manufacturer, is interested in buying at least parts of bankrupt Swedish carmaker Saab Automobile, two people familiar with the situation said.
Mahindra, based in ... >> story Published: Dec 30 7:04 am U.S. Eastern time / Last changed: 12/30/11 3:16 p.m. ET [REG]

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YANG JIAN
Despite slowing economy, China's auto market is poised to grow in 2012

SHANGHAI -- China's automakers might as well forget about those wild times in 2010 when light-vehicle sales rose 33 percent.
With exports slowing and the domestic real estate market cooling, China's economy is catching its breath.
But the nation's auto market remains healthy. According to projections by IHS Automotive and LMC, light-vehicle sales are expected to rise 8 to 10 percent in 2012, up from a likely 3 percent this year.
Given the world's economic woes and the challenges that China's economy faces, that would still be a remarkable growth rate.
Earlier this year, Beijing ... >> Read the column Published: Dec 30 12:01 am U.S. Eastern time

Mike Colias covers General Motors for Automotive News
In some showrooms, 'It feels like the old days'

If you're looking to take the temperature of the Average Joe car buyer right now, Mike Bowsher offers pretty good perspective. ...

Read the blog Published: Dec 30 1:00 pm U.S. Eastern time

Bradford Wernle covers Ford Motor Co. for Automotive News
In Jamaica, Toyota rules the road -- ruts and all

When I arrived in Jamaica this month for a weeklong holiday, I realized pretty quickly that one automotive brand rules the landscape: Toyota. ...

Read the blog Published: Dec 30 12:01 am U.S. Eastern time

Jamie LaReau covers auto dealers for Automotive News
Dealerships should tweak pay plans, offer consumers a best buy

News flash: Some car dealerships rip off customers. That was the point behind a year-end follow-up report on NBC's Today show on Thursday. ...

Read the blog Published: Dec 29 5:59 pm U.S. Eastern time

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