Malaysia media: U.S. auto monster against their Chinese equivalent
Apr 28th, 2009 by Professional editor working for frbiz.
Malaysia, “New Straits Times” item, April 20,
This week, in distress in the U.S. auto giant will be in Shanghai with a local novice match. They are using every means, to have become the world’s number one car market in China getting a head start. Although the national government is seeking life-saving assistance, but the past few months, Ford and GM in the Chinese market is extremely good sales. China also has more than three months the United States as the world’s largest auto market.
However, Geely and Chery and other Chinese car manufacturers over the past few months sales performance is also very strong. They saw a breakthrough and the opportunity to become a global brand, has become excited. Market research firm TNS Automotive Research Director, North Asia Yi nong bao Monday in Shanghai before the opening of the International Motor Show said: “The economic slowdown to China’s domestic vehicle manufacturers to provide a real opportunity.”
In the support of tiny motor vehicles for instance the pay for of duty enticements under the impetus of China’s auto market in sales in March arrived at a record high of 1,080,000. Official statistics present that motor vehicle sales in the first quarter than the matching interval last year advanced close to 6 out of 100, arriving at 2,640,000. Despite tough sales in the first quarter, as showed by TNS financial gatherings in mainland China more than 1,000 client studies, there are still 45% of capability motor vehicle shoppers in China out of worries about the monetary circumstances to defer motor vehicle, and another 1 / 4 of capability shoppers motor vehicle allocation cut.
yi nong bao that these components are conducive to China’s auto manufacturers. Compared with overseas competitors, they are generally more low-cost vehicle manufacturing. He said: “They will proceed with caution from the consumer’s advantage, and is positioning itself as an appealing alternate emblem overseas.”
In spite of this, GM asserted that the record on the Chinese market in the monthly sales records. In supplement, the business furthermore broadcast in the next 5 years the Chinese market to twice annual sales to come to two million scheme
