Honda says April China auto sales down 3.6 pct y/y

SHANGHAI Thu May 8, 2014 2:06am EDT

SHANGHAI May 8 (Reuters) - Honda Motor Co Ltd and its two local joint ventures sold 58,398 automobiles in China in April, down 3.6 percent from a year earlier, the Japanese automaker said on Thursday.

That follows a 2 percent year-on-year fall in March and a 27.6 percent rise in February.

The company's sales in the first four months of the year came to 222,408 vehicles, up 10.7 percent from the same period a year earlier.

Honda will double the number of car models it sells in China over the next two years to increase marketshare, Japan's Nikkei newspaper reported last week.

Honda, which operates car ventures in China with Dongfeng Motor Group Co Ltd and Guangzhou Automobile Group Co Ltd , aims to sell 900,000 cars in the country this year, up 18.9 percent from a year earlier. (Reporting By Samuel Shen and Kazunori Takada)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.