April 23, 2009

Find the world’s auto monsters General For the Chinese the opening to “stand up”

Thirteenth meeting of the Shanghai International Auto Industry Exhibition opened in Shanghai on the 20th. Although the world automotive monsters are inundated by their varying qualifications of economic urgent position, the international automotive enterprise into the Shanghai auto display is still the most generous. General Motors would desire to use the Shanghai Motor Show, with the stable development of China’s auto market, to battle a “war to stand up.”

By the worldwide fiscal critical purpose, are the verge of bankruptcy of General Motors, at the prevailing high-profile facade on the present, present the first day of blast of six new vehicles, embracing 1, the world’s first fundamental thought motor vehicle and the first Asia-Pacific 5 new motor vehicle, a record in Shanghai General Motors new motor vehicle the amount of the earlier most exhibitors.

Gan, head of GM China said, its parent financial gathering, GE is presently being motor vehicle gathering with the United States Government, the United States automotive trade unions, creditors and other dialogues to formulate the second restructuring arrange, one time the court could not arrive at accord, they will divest part of non-performing assets, But the Chinese market does not plunge in this range.

It was learned that the Chinese government introduced the fuel tax reform, such as the purchase of tax levied by half under the favorable policies, the United States in March, GM sales in China reached more than 130,000 vehicles, a record high monthly sales. GM said to this end, even if affected by financial crisis, the United States will continue according to plan common in the next two years to launch 5 new models, launched in the next five years 30, to continue to accelerate the pace of development in China.

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