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Shanghai October 27 (Gasgoo.com) The sport utility vehicle (SUV) sector - the fastest growing vehicle segment in China - reported sales of 420,000 units in 2008, and of 730,000 units in 2009, a year-on-year surge of 60%. The country's SUV sales are expected to reach 1 million units this year and likely to break 1.5 million units in 2011, Dongfeng Honda vice manager Liu Hong recently said in an interview with Shenzhen Economic Daily.

Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more fuel efficient vehicles, according to sources familiar with the matter.