China’s capital will reduce the number of new passenger vehicles allowed on the city’s roads by 38 percent next year as part of efforts to ease pollution and traffic congestion, according to the Beijing Daily.
Ford Motor Co. is on a tear in China, with sales up 54 percent this year on the strength of its Focus small car. Long an also-ran in the world’s largest auto market, Ford is now outselling Toyota Motor Corp. there.
Daimler AG’s Smart brand plans to introduce more models and expand its sales network in China as the producer of two-seater compact city cars seeks more orders in a market dominated by SUVs and minivans.
Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.
China is clamping down on overcapacity in the world’s biggest automobile market, benefiting companies with entrenched production and sales, such as General Motors Co., while hurting newcomers to the market.
Honda Motor Co. employees in the Chinese city of Wuhan need only visit the popular Feng Bo Zhuang restaurant to see the resentment their company faces. A sign at the door says Japanese are barred from entering.