CHINA WHEELS - AT 4:46 P.M. ET: 

SHANGHAI (AP) - Preliminary figures show auto sales in China reached about 1.03 million in March, exceeding U.S. sales for the third month in a row, state media reports said Wednesday.

Data from 14 major auto makers, accounting for roughly 90 percent of total sales, totaled 1.026 million, the Shanghai Securities News and other state-run newspapers said, citing Chen Bin, head of the Department of Industry at China's main economic planning agency.

COMMENT:  Don't worry.  Obama Motors is roaring into action with cars powered by apple seeds.  Incredible performance, and they taste good too.

April 8, 2009