April 1, 2009

Chinese joint venture auto industry’s future?

Brief content: Shanghai GM also told reporters that GM will not be high-level changes in the development of Shanghai GM impact GM attaches great importance to the Chinese market, Shanghai GM and the related investment projects and business will continue as planned . Chrysler is responsible for the Asian market-related business people that the crisis on the North American auto operations of Chrysler some global influence, but Chrysler did not intend to abandon the Chinese market.

GM and other auto manufacturers face a “big shake”, the Chinese junction project, will be affected? Yesterday, the reporter consulted applicable household enterprises.

GM reforming plan as “hard board”, CEO Wagner was coerced to resign afterwards news came out, this journalist had an interview with GM related to Chinese corporations, which said: GM in China because of all the finances and policies are in China formulate regional population, and Wagner’s withdrawal cannot be GM in China are any adverse impressions, frequent in all Chinese finance and commerce shall extend as usual. Chinese high-level GM said, “Prior to this, GM committed to invest in China one billion U.S. dollars, encompassing the audience of the energy boost finance, broaden presentation and so on. At current, this engagement remains.” In the commodities, GM shall extend to introduce fresh energy cars and related technologies. 2011, GM’s majority approached Volt prolonged range electrical cars shall be introduced into the Chinese. In attachment, the fresh 1.6-liter turbocharged motor shall also be introduced to China.

Shanghai GM also told reporters that GM will not be high-level changes in the development of Shanghai GM impact GM attaches great importance to the Chinese market, Shanghai GM and the related investment projects and business will continue as planned.

Due to Fiat Auto have shaped an alliance with the accordance, Chrysler is likely to aid the United States Government. However, weaker Chrysler motionless become the concentrate of attention of the outdoors world, the rage shall affect the mission of Chrysler in China has also awake consideration approximate the industry. Chrysler is responsible for the Asian market-related commerce citizens that the emergency on the North American auto operations of Chrysler several global impact, but Chrysler did not intend to abandon the Chinese market.

Industry experts believe that, regardless of which company, if its parent company, Europe and the United States goes bankrupt, the Chinese joint venture will certainly be an adverse effect on the brand’s credibility and reputation to reduce, possible follow-up to the introduction of stranded vehicles, and even Europe and the United States giant joint venture through the sale of assets to equity and the preservation of their own. But even so, the mainstream of Chinese joint venture will not be easily closed, first because the Chinese joint venture has a strong foundation often; two are still optimistic about the Chinese market, joint ventures, there is no question of survival.

“The Chinese market is the majority profitable market, Europe and the United States must not abandon the Chinese corporations, servant partnership corporations must hence not be touched via a main impact.” Consultative growth of China’s auto industry masters think the corporation, “the occasion of bankruptcy headquarters must be The main sell with a figure of evil resources, good point, the fresh shareholders shall be protected.

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