– As part of the 75th anniversary of Dearborn, Mich., that kicks off Jan. 11, homegrown Ford Motor Co. will exhibit a 1929 Ford Model A wood-body station wagon, a 1957 Thunderbird, a 1965 Mustang with the GT package, a 2004 F-150 pickup and a Focus powered by a hydrogen-electric fuel cell at the in the Ford Community & Performing Arts Center.
– China’s banking regulator has approved auto-financing ventures by General Motors Corp., Volkswagen AG and Toyota Motor Corp., in a move that could further stimulate China’s booming car market. The three auto-financing ventures are the first to be approved in China since the country allowed foreign carmakers to enter the auto-financing business almost two months ago, as part of its membership in the World Trade Organization. China joined the WTO in December 2001. Car financing, started in China in 1998 by domestic banks, is a young business in a market where up to 85 percent of buyers still pay in cash.
