Automobile Industry News--4.23.12

Government supports local car industry Caspionet Experts noted that together with the increasing demand for new cars, the state will provide additional support for a real impetus in the development of the automobile industry. The demand for new cars in Kazakhstan is increasing. See all stories on this topic »

Worlds Largest Car Show Kicks of in Beijing NTDTV A record number of over one thousand vehicles are competing for the attention of the world's biggest auto market. Although China's economic growth is slowing, the automobile industry is still hopeful. Wealthy Chinese are wild about SUVs, luxury cars, ... See all stories on this topic »

Car Makers Gear Up for a Tougher China Market CNBC.com China's massive car market may still be young, but the auto industry CEOs descending on Beijing this week will see first hand that it's also growing up fast. The Beijing auto show starts on Monday at a time when China's auto market has begun softening ... See all stories on this topic » CNBC.com

ITT Showcases Leading Electric Vehicle and Friction Materials Technologies at ... MarketWatch (press release) ITT's Industrial Process and Control Technologies businesses provide additional solutions and services that promote China's automotive industry, including pumps that contribute to the coating process in car manufacturing, valves that are used in ... See all stories on this topic »

World's Carmakers Woo China Despite Slowing Sales IndustryWeek China emerged as the world's top car market in 2009, but the sector stalled dramatically last year, with sales rising just 2.5% to reach 18.51 million units, after the government rolled back auto-purchase incentives. Nonetheless, many of the world's ... See all stories on this topic »

Automakers unveil new models at Beijing show San Francisco Chronicle Global automakers kept their own sales growing faster than the market in 2011 by taking share from Chinese rivals such as Chery Automobile Co. and Geely Holding Group, though industry analysts and companies say that trend is unlikely to last. See all stories on this topic »

VW signs deal to build new factory in China's far west as Wen visits headquarters Washington Post The German company said it also plans to help other auto industry suppliers settle nearby and will set up a training center. "Going forward, we expect strong growth in China's rural regions," Volkswagen Group China CEO Karl-Thomas Neumann said. See all stories on this topic »

Car makers at a dangerous crossroads Presseurop (English) The automotive industry, a crucial sector of the European economy, is suffering the consequences of the economic crisis. Forced to alter their production output, different groups are choosing different strategies to combat the tough economic climate. See all stories on this topic » Presseurop (English)