InfoAnda - Amid weakness at home, Ford, Toyota turn to China

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. sanctions Iran officials for protest crackdown | 24 February 2011
Israeli inquiry into Gaza flotilla raid opens | 28 June 2010
From ecological Soviet-era ruin, a sea is reborn | 26 October 2009

China river diesel spill prompts water use alert | 4 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Amid weakness at home, Ford, Toyota turn to China

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Amid weakness at home, Ford, Toyota turn to China By DAN STRUMPF,AP Auto Write - Saturday, September 26 Send IM Story Print NEW YORK – Ford Motor Co. plans to build a new assembly plant in China while Toyota Motor Co. will start selling an entry-level family car there, as the world's automakers pour more resources into the fast-growing Chinese car market amid weakness in their home countries. Ford said Friday it plans to spend $490 million on a third assembly plant in China. The factory will make the next-generation Focus compact car, which Ford plans to sell globally. The announcement from the central Chinese city of Chongqing comes the day after the Dearborn, Mich., automaker unveiled a made-in-India compact car _ part of a plan to boost sales in Asia, a region the automaker has hardly dented but is counting on to drive growth. Meanwhile, an executive at Japan's Toyota announced plans Friday to introduce a cheap family car in China. Executive Vice President Yukitoshi Funo gave no details of the new model, but he said Toyota is also hoping to increase its dealerships base in China. Toyota now has about 550 dealerships in China, including Lexus showrooms. By contrast, the automaker has about 1,400 dealerships in the U.S. China is proving a lifesaver for all the world's big automakers, which are plowing investment into the country to help offset miseries elsewhere. "China is one of the few markets worldwide which still keeps growing this year. It's obvious any automaker would like to set up plants here," said Zhang Xin, an analyst at Guotai Junan Securities, in Beijing. Total auto sales in China so far this year surpassed those in the U.S. for all but two months, rising 30 percent to 8.33 million units, according to the China Association of Automobile Manufacturers. In the same period, U.S. sales plunged 28 percent to 7.1 million units, according to Autodata Corp., a research firm. U.S. monthly sales got a temporary boost in August from the Cash for Clunkers program, which subsidized consumers who traded in older cars and bought fuel-efficient ones. But industry analysts say sales have fallen sharply since then. Sales in China are expected to continue climbing to 12.6 million units in 2009, up 35 percent from last year, said Xu Changming, a senior economist with the Cabinet's State Information Center in Beijing. Those figures are expected to get a boost from subsidies that the Chinese auto industry is lobbying Beijing to extend. The government is due to decide by mid-December, Xu said, if it will continue the subsidies, which are aimed at promoting energy-efficient vehicles. "If the policy is extended to next year, rapid growth of auto sales will be sustained," Xu said. "Otherwise, it will fluctuate, and it's hard to predict the degree." Automakers are counting on continuing sales growth in China. Ford's Chongqing plant, part of the carmaker's joint venture Changan Ford Mazda Automobile Co., is the third for Ford in China and its second in Chongqing, an industrial hub of 30 million people sprawled along the upper reaches of the Yangtze River. Slated for full completion by 2012, Ford said the plant will be equipped to make other small cars on the company's global C-car platform in addition to the Focus. Ford lags behind other automakers in Asia, capturing only 2 percent of auto sales there, compared with nearly 15 percent in North America and 10 percent in Europe. Toyota's Funo, meanwhile, stressed the sales potential of an entry-level car in China, comparing it to how Japanese had snatched up the Toyota Corolla subcompact during the island nation's decades of modernization. Like other major automakers, Ford and Toyota have been hit by the slowdown in mature markets such as the U.S., Europe and Japan. Toyota is expecting to lose money for the fiscal year ending March 2010. Ford has not had an annual profit since 2005. Ford shares rose 10 cents to $7.43 in morning trading on Friday. U.S.-traded shares of Toyota fell 45 cents to $81.78. ___ AP Business Writers Elaine Kurtenbach in Shanghai and Yuri Kageyama in Tokyo contributed to this report. Recommend Send IM Story Print Related Articles Canada says India nuclear deal imminent Reuters - 2 hours 29 minutes ago Something to tweet about: Twitter valued at $1B AP - 1 hour 51 minutes ago Tribune exec defends bonus plan in Ch. 11 hearing AP - Saturday, September 26 China says worried about reserve currency fluctuations Reuters - Saturday, September 26 Banks made $5.2B trading derivatives in 2Q AP - Saturday, September 26 News Search Top Stories BBVA sells 1 bln dlrs of property to Deutsche Bank Kasparov beats Karpov in chess legends' rematch Swine flu vaccines win approval US durable goods orders slip in August French banks sue for billions over Lehman collapse More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Water detected on the Moon Strong dollar 'very important' to US: Geithner 'Party over' for bankers: British finance minister New Confucius family tree hits two million Credit Suisse poised for bonus pay-out: report More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Nanoparticles could pose threat to humans: scientists Remains of Jesus-era synagogue found in Israel Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Search Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 26 September 2009
Iran must open nuke site, US, world chiefs demand
Kasparov beats Karpov in chess legends' rematch
Nokia caught up in Brazil brand name row
IAEA may inspect new nuclear site: Iran president | International |
BBVA sells 1 bln dlrs of property to Deutsche Bank
Bin Laden demands Europe withdraw Afghanistan troops | International |
Abbas says Israel freeze of settlements a must | International |
Waze turning road warriors into map builders
Swine flu vaccines win approval
Zelaya demands presidency as U.N. condemns Honduras | International |
Western leaders warn Iran over nuclear site
US durable goods orders slip in August
Kuwait censors 'terror' blogs
German election race narrows amid security threat | International |
Olmert graft trial opens in Jerusalem
French banks sue for billions over Lehman collapse
RIM seen facing increased market-share pressure
Olmert graft trial opens in Jerusalem | International |
Text of Obama, Sarkozy, Brown statements on Iran
EU seeks to ensure Microsoft ballot offers choices
Judge agrees to delay Google book case hearing
New Confucius family tree hits two million
Israel's ex-PM goes on trial on corruption charges
Iraq detains 109 in jail break investigation
Nokia caught up in Brazil brand name row
AEG president: Jackson movie should clear co. name
West demands access to Iran's secret nuclear plant
Sarkozy gives Iran December deadline
Twitter snags new investment, backers | Technology |
AT&T: net neutrality should apply to Web firms too | Technology |
Vanguard readies iPhone app as fund firms go mobile | Technology |
Rossellini ponders how to make online video pay | Technology |
China indicts 21 people in July ethnic violence
Coroner: 'Fed' written in pen on Ky. Census worker
Fresh bailouts for smaller banks being weighed
5 US troops killed as debate grows over Afghan war
Afghan war commander submits troop request
Second suspect charged in shooting of 4 NJ cops
Ohio AG to probe county auditor in Cleveland
Northern Afghan violence undercuts US supply route
China dismisses punishment for Iran nuke facility
1 in 10 suspect Afghan ballot boxes face recount
House Democrats considering insurance tax
AP NewsAlert
Kazakh media complain after probe shuts press
House passes bill to prevent government shutdown
Teens with own cars have more crashes, study finds
Utah gov backs limits on nonresident gun permits
China charges 21 over Xinjiang unrest: state media
Judge considers possible Elizabeth Smart testimony
Taiwan stops visit by Uighur leader
Indonesians oppose militants' burial plans
Sony's PS3 outsells Wii fivefold in Japan: survey
Emmy-winning actor to lead Hollywood union
Amid weakness at home, Ford, Toyota turn to China
Stability of US dollar key to global recovery: China
EU charges of pork protectionism 'groundless': China
Yen climbs after Japan minister's G20 remarks
First exhibition by Horia Damian in Romania since he left in 1946
Tajik migrants divorce by SMS, causing grief at home
Rossellini ponders how to make online video pay | Entertainment |
Bijou Phillips knew Mackenzie had sex with father
Croatia backs down on smoking ban
Mayor bans burqa in Italy spa resort
Sony's PS3 outsells Wii fivefold in Japan: survey
Families to collect Indonesian militants' remains
Warhol gives leaders' wives 15 minutes of provocation
Poverty gap widens in SAfrica: report
Castrati honored in opera star Bartoli's new album
Top British chef apologises to ill diners
Pump down the volume, EU to tell MP3 makers
German leaders appeal for votes as race tightens
Twitter gets new round of funding, new backers
Obama demands Iran come clean on nuclear program | International |
Taliban threatens Germany ahead of vote: official
Key sites in Iran's nuclear program
Defamation trial of Estemirova rights group chief opens
Five US soldiers killed in Afghanistan: NATO
Affluent and urban drawn to online social networks: Nielsen
US auto safety group wants to curb gadget use by truckers
Six killed in truck bomb attack in Pakistan | International |
Russia won't put missiles in Kaliningrad: Medvedev | International |
Google digs deeper into Internet search results
AT&T looks to flip net rules debate on Google
Koreans, split by war for 56 years, meet to say goodbye | International |
Twitter gets "significant" new funding
China lays first charges over Xinjiang riots | International |
Libya's Gaddafi met Lockerbie bomb victim relatives | International |
Vanguard readies iPhone app as fund firms go mobile
German election race narrows amid security threat | International |
Google says its voice service should not be regulated
Crime problem weighs on Bangladesh government | International |
US auto safety group wants to curb gadget use by truckers
Zelaya demands presidency as U.N. condemns Honduras | International |
Attorney: Anti-Iraq officer resigning from Army
Ahmadinejad: Iran is not violating IAEA rules
Oral Roberts inaugurates 3rd university president
Daughter of slain heiress believed dead in NY
Southern California wildfire 85 percent contained
Myanmar's Suu Kyi gives backing to U.S. engagement
AP sources: Guantanamo might not close by January
Twitter gets new round of funding, new backers | Technology |
Man convicted in death of father left to rot
Dozen killed in two bomb attacks in NW Pakistan
Anguilla native to be Gitmo jail deputy commander
China lays first charges over Xinjiang riots
Clinton unveils US food security initiative
Koreans, split by war for 56 years, meet to say goodbye
S Koreans head to N Korea for reunions
Indonesia corruption body under attack: activists
S.Korea: North must face "no choice" but to shed nuclear arms
Uighur leader disappointed by Taiwan
US names NKorea human rights envoy
China dismisses punishment for Iran nuke facility
Myanmar's Suu Kyi eases stance on sanctions
Pakistani c.bank buys 40.4 bln rupees of govt paper
Noodle giant plans secondary listing in Taiwan
IMF raises 2010 global growth forecast to 3 pct
Re-born G20 lays out bold financial reforms
New PM tells world Japan committed to recovery
Global economic rebound 'not solid': Chinese president Hu
"Beautiful Life" ends after two episodes
Rome film festival to showcase Clooney, Streep
Jackson lost will to live, confidante says | Entertainment |
Seth Rogen gets dream role: 'Simpsons' writer
US-ENTERTAINMENT Summary
Flaming Lips dial down the whimsy on "Embryonic"
Beautiful Life ends after two episodes | Entertainment |
Seth Rogan gets dream role: `Simpsons' writer
Families identify Indonesian militants' remains
"Beautiful Life" ends after two episodes
Flaming Lips dial down the whimsy on Embryonic | Entertainment |
NY film festival kicks off with Resnais film
NY film festival kicks off with Resnais film | Entertainment |
Photos capture America's essence from road, air
Jackson lost will to live, confidante says
Rome film festival to showcase Clooney, Streep
US Navy looks at letting women serve on submarines
Obama accuses Iran of evasion before Geneva talks
No 'perfect' answers in Afghanistan: Obama
Ahmadinejad dismisses anger over new nuclear site
McChrystal troops request shelved pending review | International |
U.S. drone crashes into Iraq political party office | International |
Typhoon batters northern Philippines | International |
Merkel, Steinmeier in final push for German votes | International |
Turks pay final respects to Last Ottoman | International |
Madagascar government to protest at UN rejection | International |
Suicide bombs kill 16, wound about 150 in Pakistan
Koreans separated for more than 50 years reunite
Residents reject referendum on first Taiwan casino
Obama offers Iran `serious, meaningful dialogue'
Ex-wife: DC sniper said 'you have become my enemy'
Pakistan court session on Mumbai attacks delayed
Gadhafi meets with Lockerbie family members in NYC
Analysis: Wrestling with how to talk about race
China tells Myanmar to protect Chinese residents
Where's Palin? Big bucks for speech in Hong Kong
Thousands flee heavy Philippines rain, flooding
'10 dead, missing' as storm hits Philippines
Conan O'Brien hits head during 'Tonight' stunt
CW's 'Beautiful Life' axed after just 2 airings
Myanmar's Suu Kyi eases sanctions stance
Guests on Sunday news shows
Hong Kong publisher to issue banned China book
Tweeting Ugandan gorillas make friends online | Technology |
Bombs kill 15 in Pakistan towns: police
Japan sticks to G8 despite shift to G20
Keillor to host 1st 'Prairie Home' since stroke
Renowned Spanish pianist de Larrocha dies at 86
Works of Edward Hopper on display in Netherlands
Malaysian Muslims rock at Black Eyed Peas concert
AP NewsAlert
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01