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09-04-2014, 12:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
China's auto market is likely to be the biggest in the world today. Despite availability of local brands, nationalist sentiments give in to passion for foreign makes.
Cheers!
China’s Embrace of Foreign Cars
By KEITH BRADSHERAPRIL 8, 2014
CHONGQING, China — For more than a decade, Chinese automakers have been talking about starting large-scale exports to North America and Europe, prompting periodic worries in the West that companies like General Motors, Ford and Volkswagen might be crippled by Chinese competition the way they were by Japanese imports a generation ago.
Now there are calls for protectionism, but from an unexpected direction: the biggest, most politically influential Chinese automakers.
Multinational corporations are steadily clawing market share from Chinese brands in their home market, as a succession of global brands have pushed their way into China. The latest insurgent is Ford Motor, which has a joint venture based here in Chongqing and has nearly doubled its market share to 4.5 percent in the last two years by introducing new models and expanding output, selling more than 100,000 cars and light truck in March for the first time in a single month. Ford plans to double production again in the coming year by opening two more assembly plants and one of the world’s largest automatic transmission factories...........................
For the full article, please click below URL:
http://www.nytimes.com/2014/04/09/bu...tomobiles&_r=0 (http://www.nytimes.com/2014/04/09/business/international/chinas-embrace-of-foreign-cars.html?hpw&rref=automobiles&_r=0)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?179048-Foreign-cars-win-market-share-in-PRC&goto=newpost).
China's auto market is likely to be the biggest in the world today. Despite availability of local brands, nationalist sentiments give in to passion for foreign makes.
Cheers!
China’s Embrace of Foreign Cars
By KEITH BRADSHERAPRIL 8, 2014
CHONGQING, China — For more than a decade, Chinese automakers have been talking about starting large-scale exports to North America and Europe, prompting periodic worries in the West that companies like General Motors, Ford and Volkswagen might be crippled by Chinese competition the way they were by Japanese imports a generation ago.
Now there are calls for protectionism, but from an unexpected direction: the biggest, most politically influential Chinese automakers.
Multinational corporations are steadily clawing market share from Chinese brands in their home market, as a succession of global brands have pushed their way into China. The latest insurgent is Ford Motor, which has a joint venture based here in Chongqing and has nearly doubled its market share to 4.5 percent in the last two years by introducing new models and expanding output, selling more than 100,000 cars and light truck in March for the first time in a single month. Ford plans to double production again in the coming year by opening two more assembly plants and one of the world’s largest automatic transmission factories...........................
For the full article, please click below URL:
http://www.nytimes.com/2014/04/09/bu...tomobiles&_r=0 (http://www.nytimes.com/2014/04/09/business/international/chinas-embrace-of-foreign-cars.html?hpw&rref=automobiles&_r=0)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?179048-Foreign-cars-win-market-share-in-PRC&goto=newpost).