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TheCityFix: China’s Car Industry Surpasses U.S.
Traffic in Shanghai. Photo by SmokingPermitted.
Originally posted on TheCityFix.com:
For the first time ever, there have been more cars sold in China than the United States. (This news comes at the same time as Detroit’s General Motors announced it would cut another 10,000 workers.)
From the Associated Press:
SHANGHAI (AP) — China’s monthly vehicle sales surpassed those in the United States for the first time in January, moving this country closer to becoming the world’s biggest auto market, data released Tuesday showed.
But China’s ascent in the global auto market has been hastened by the plunge in U.S. auto sales, which tumbled 37 percent in January to a 26-year low of 656,976 units.
Chinese vehicle sales also have cooled, but hardly as dramatically. In January, 735,000 vehicles were sold, down 14.4 percent from a monthly record 860,000 last January, the China Association of Automobile Manufacturers said.
China’s rise to the top of the industry has been boosted by a multi-billion dollar economic stimulus package, which includes promises to promote cleaner, more energy-efficient cars.
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Erica
This is largely due to the economic crisis in America. I’m sure that if we were doing a little better we would’ve outsold china easily. Just goes to show you what a ‘wonderful’ state American economy and corporations are in.
-Cameron