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New Straits Times: U.S. auto monster against their Chinese equivalent

Fernando Filipe

by Professional editor working for frbiz.

April 21 report this week in anguish in the U.S. auto monster will be in Shanghai with a localized novice match. They are utilising every means, to have become the world's number one vehicle market in China getting a head start. Although the nationwide government is searching life-saving aid, but the past couple of months, Ford and GM in the Chinese market is exceedingly good sales. China furthermore has more than three months the United States as the world's biggest auto market.

Malaysia, "New Straits Times" released the item, pointing out that 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 package亦农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.

Package亦农believe 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 2 million plan.

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