The refreshed Panamera celebrates its world debut at Auto China in Shanghai, which opens on April 21, where further details on the new models will be revealed.
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Currently America is a net auto exporter to China, and Mr. Obama might even defend GM's decision to shift resources to China by pointing out that America's auto exports have risen since the bailout.
Silberg said his take on the results is that the car companies and related industries are realizing how important auto lending is going to be in China once auto sales become a truly mass-market phenomenon.
As auto sales move into the true mass market in China, auto lenders have to establish the basics from scratch.
Did you hear that auto sales in China have exceeded the U.S. this spring?
Its other auto businesses include China-listed parts maker Wanxiang Qianchao and Jiangsu Senwei, whose customers incude Bosch.
There are currently more than 100 auto assemblers in China, though only the top 20 or so really really count.
Who are these relatively little-known tycoons of the auto world in China?
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Another auto executive in China shared with me statistics demonstrating why the tax breaks went to cars with engines of 1.6 liters or less.
These include events in Guangzhou and Chengdu, as well as the main China auto show that is held every year, alternating between Beijing and Shanghai.
In 2009, BYD sold over 430, 000 automobiles, more than double its year-earlier shipments and ranking as one of the largest domestic auto manufacturers in China, LAEDC said.
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Several companies tried to go public in the U.S. earlier this year, including China Auto and Shanda Cloudary, only to scrap their offerings due to dismal investor sentiment.
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The Chinese duties in question cover more than 80 percent of U.S. auto exports to China, including cars manufactured in Toledo and Marysville, Ohio, and Detroit and Lansing, Michigan.
He predicts somewhat crazily that by the end of the decade BYD will sell 1 million vehicles a year, including newly developed electric cars, and become the leading auto manufacturer in China.
Turning again to overseas trading, in a sign of continuing investor worries about Chinese shares following a spate of of governance problems, China Auto Rental reportedly announced yesterday that it would postpone a planned U.S. offering on due to pricing issues.
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The trade dispute with China over auto parts gives a misleading impression: The U.S. is getting tough with China and finally making a difference to our economy.
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At the Detroit auto show, a Chinese automaker will debut several new models, and the growing muscle of China's auto industry and rising gas prices are hastening the arrival of Chinese cars on American roads.
Rising gasoline demand as auto ownership spreads pushed China past the United States to become the world's biggest energy consumer.
Jack Perkowski, who built an auto parts company in China, says he learned the hard way not to rely on accountants.
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The deal with Wanxiang Group, one of the largest auto components makers in China, is still preliminary and subject to numerous conditions, including approval by the Chinese government.
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Wanxiang is the largest tier-1 auto parts supplier in China.
Beijing insists its auto industry needs protection as it forms conglomerates, but there is little sign China's 120 auto-makers want to join hands, linked as many are to local interests.
Unlike trucks, which have been produced in China since 1956 when First Auto Works (FAW) was founded, very few passenger cars were made in China when demand for cars began to grow in the 1990s.
China's auto makers have made great strides in a short period of time.
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Right now China's auto industry resembles America's at its highly fragmented start: There are 120 or so Chinese companies that have popped up in recent years.
As a measure of how big the auto business has become in China, before 2008 the assemblers and components companies were all able to fit in the old convention center.
Also strong in China are luxury auto sales, with 43 percent of the wealthy planning to spend more on cars, compared to 11 percent in the U.S., U.K. and Japan.
By early 2003 Wang envisioned not only a share of the wealth from China's auto industry but also tantalizing synergies: BYD could use its expertise to develop rechargeable batteries for electric cars.
China's largest auto group in terms of sales, and the other with FAW Group Corp.
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China's fledgling auto industry is also putting downward pressure on prices, thanks to its booming, low-cost partsmakers.
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