General Motors Co . and Volkswagen AG expect to boost vehicle sales in China faster than the nation’s economic growth rate, defying government policies to curb sales and threatening Toyota Motor Corp.’s standing as the world’s largest carmaker.
Toyota Motor Corp. led U.S. sales gains by Asian carmakers with a 42 percent surge in February, the biggest in at least 10 years, even after the Japanese company recalled 2.2 million vehicles last week.
Mitsubishi Corp. will spend about 40 billion yen on two wind power generation projects in the U.S., the Nikkei newspaper reported today, without saying where it got the information. It will manage two power generation plants in Idaho with Ridgeline Energy LLC and others, the paper said. One of the plants has started operations and the other will begin in November, it reported.
General Motors Co. , the largest overseas carmaker in China, has failed to replicate that success in India. To crack the market, the Detroit-based carmaker is enlisting its partner in China, SAIC Motor Corp.