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Friday, April 24, 2009

Malaysia media: U.S. auto oversized against their Chinese corresponding

By Zou Frbiz

Malaysia, "New Straits Times" article, April 20,

This week, in suffering in the U.S. auto oversized will be in Shanghai with a restricted novice match. They are employing every means, to have become the world's number one motor vehicle market in China getting a head start. Although the countrywide government is looking for life-saving help, but the past small number months, Ford and GM in the Chinese market is greatly good sales. China in addition has more than three months the United States as the world's greatest auto market.

However, Geely and Chery and other Chinese vehicle manufacturers over the past couple of months sales presentation is furthermore very strong. They glimpsed a innovation and the opening to become a international emblem, has become excited. Market study firm TNS Automotive Research Director, North Asia Yi nong bao Monday in Shanghai before the unfastening of the International Motor Show said: "The financial slowdown to China's household vehicle manufacturers to supply a genuine 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 factors are conducive to China's auto manufacturers. Compared with overseas competitors, they are usually more low-cost car manufacturing. He said: "They will act with caution from the consumer's benefit, and is positioning itself as an attractive alternative brand 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 - 18758

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