News Summary: China's June auto sales rise 9.3 pct

News Summary: China's auto sales rebound from slump, rise 9.3 percent in June

Associated Press

THE GOOD NEWS: China's auto sales growth held steady in June and Japanese brands rebounded from a slump despite a credit crunch and slowing economic growth.

THE DETAILS: Auto sales rose 9.3 percent over a year earlier to 1.4 million vehicles, In line with May's 9 percent growth. Total sales, which include trucks and buses, also grew strongly, rising 11.2 percent to 1.7 million vehicles.

THE BAD NEWS: Chinese brands lagged the market again in June, indicating domestic automakers were losing market share to global brands and their local partners.

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