April 20, 2009

Chinese into the global automobile market dismal Noah’s Ark

“Thirty Years Hedong, Hexi three decades”, the global automotive industry is a validation of the Chinese old saying. March 30, the United States made a brief statement, GM said: “Wagner, Chairman and CEO to resign from office, effective immediately.” Is the day, Obama rejected the President of the United States GM and Chrysler’s restructuring plan, made it clear that General Chrysler cars and must not become a “national burden” under the circumstances to survive. Wagner is not the only risk of such doom a car head on the previous day, that is, March 29, announced the lifting of PSA Peugeot Citroen CEO Christian Streiff with the contract, find another business master in order to shake off the dilemma.

It is stated that PSA Peugeot Citroen advertised last month that in 2008 a mesh forfeit of 343 million euros, is looked frontwards to to face even bigger deficits this year. Company Chairman of the Supervisory Board, said if Mrs Thierry, taking into account the French automotive development is now looking at “very difficult”, the board of supervisors unanimously resolved that there is need to change the major management. So, he took bureau two years Streiff has just become a “victim.”

Poor recital or descent in sales, which are two motor vehicle head-off the direct source, which farther climaxes the worldwide auto market in a critical situation. According to statistics, the first two months of this year, the United States motor vehicle sales plunged stridently, with only one month of sales of 668,000, of which GM’s sales plunged by 49 out of 100, Ford plunged 40%, g leisler plunged as much as 55%. In the automotive client market downward spiral for two following months, the auto considering firm CSM Worldwide sales are looked frontwards to to lessen the United States. CSM trusts that the United States in 2009 motor vehicle sales will decline to 9.7 million, much worse than looked frontwards to in January of 10.7 million, which will in addition set in 1982 its least stage since. Since 1999, the United States the midpoint annual vehicle sales of about 16.8 million, in 2008, this diagram plunged to 13.5 million.

The United States auto market collapse changed not only GM, Ford and Chrysler, but in addition over the past small number years in the United States controlled the market costs of Japanese cars. If no unforeseen events take position, will become in 2009 the Japanese auto market carried on to descent in sales of the fifth year. Japan Automobile Manufacturers Association liberated the current market report that demand prediction, the declining monetary surroundings, company returns, and diminishing paid job and wages will be broadened to the Japanese automotive use, the Japanese auto market in 2009 will continue in the doldrums, Japan is looked frontwards to to embrace the micro-cars, motor trucks and commuter motor vehicles embracing demand for new vehicles 4,860,000.

March 24, Japan’s largest automaker Toyota announced that dilemma with the forced sale of the stress inventory, the company in February to reduce by half the world’s production, to 434,200. In addition, the company in Japan in February at the output of only 208,000, a decrease of 56.4% year-on-year. At the same time, Honda, Nissan and Mazda and other companies have also announced a substantial reduction in sales of information, of which Honda has announced the global and domestic production and sales year-on-year decline in more than 40%; Nissan global production fell 51.3 percent, Japan production was down 68.8 percent; Mazda and Mitsubishi, respectively, of global production in February fell 54.6% and 65%.

Affected by the down turn in output and sales, the Japanese Automobile Manufacturers Association on March 24 said that Japan’s household finances because there is no signal of bottoming out, businesses were compelled to drastically slash work charges and command is very high. Expected 2009 sales to Japan dropped 8.0 per hundred, to 4,297,600, it will be the smallest since 1977, Record.

European markets furthermore plummeted. Germany’s biggest automobile business, leader of the public Winterkorn said the business anticipated 2009 sales in Germany will down turn by 10%. CEO Martin Winterkorn has said frequently to the out-of-doors world by the international economic urgent position and the harmful consequences of the financial worsening, the world automobile market in 2009 will be “extremely difficult.” Thuringia, Germany ghass Automotive financial power Diz Dean even said that at the end of 2009, the German auto commerce work force of 760,000 will have 5 million persons unemployed; in the present automotive vendor in 9500, there will be 1500 House shut down or merged. To this end, the German Automobile Industry Association (VDA) inquired their authorities to emulate the United States, for the automotive manufacturers to supply alike respite loans. Are anticipated VDA, Germany’s new vehicle sales in 2009 will fall to 2,900,000. Association President David Waisman said that the German vehicle market is in down turn, or an unprecedented pace and impact. Association Schmidt, Managing Director of the Treasury, said: “the economic urgent position disperse to the automotive commerce has just started, it will step-by-step display contradictory effects. German vehicle sales are anticipated to come back to present grades, possibly after 2023 are things. ”

Streiff just not hopeful about the school’s international auto market this year, “the European auto market will farther down turn is anticipated to down turn 20%, appearing market homeland will furthermore be a important recession.” He furthermore said that the worsening in today’s large natural environment, the first affirmative components are the Chinese market, China in 2009 will become the center of financial development, “Although we anticipate the development rate of the Chinese market only in the lone digits, but still affirmative development, after all.”

As Streiff said, even though the development rate of the Chinese auto market is slowing down down, but the relation down turn in other markets worldwide position, the Chinese development market stimulating enough. Especially in 2009, the Chinese automobile market started to change skid in the identical time span last year, displayed a vibrant flourishing weather. Statistics display that in February this year, household vehicle sales to 827,600, an boost of up to 24.72%. Among them, the traveller vehicles traded more than 600,000, an boost of 24.23%.

Sensitive sense of reek to reek the foreign financial endeavour market chances in China, commenced to cease the in the household market, will turn alertness to the Chinese automotive market. “Specifically tailored for the Chinese client products” has become a admired automotive subdivision, embracing the new Regal, the new Carnival sedan, A4L Audi and BMW 5-Series long-wheelbase types, etc. are included. It becomes noticeable that how the Chinese market as a new motor vehicle can retain their head “rice bowls” of the key. But very distinctly, this is not the task can be wrapped up overnight.

It can be said that the worldwide automotive development is experiencing an unprecedented squall, while the Chinese market, this squall is the “Noah’s Ark.

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April 8, 2009

Chinese into the global automobile market dismal Noah’s Ark

“Thirty Years Hedong, Hexi three decades”, the worldwide automotive development is a validation of the Chinese aged saying. March 30, the United States made a condensed assertion, GM said: “Wagner, Chairman and CEO to resign from bureau, effectual immediately.” Is the day, Obama refused the President of the United States GM and Chrysler’s restructuring arrange, made it clear that General Chrysler motor vehicles and ought not become a “national burden” under the contributing elements to survive. Wagner is not the only risk of such damn a motor vehicle head on the earlier day, that is, March 29, advertised the elevating of PSA Peugeot Citroen CEO Christian Streiff with the bond, find another enterprise guru in rank to tremble off the dilemma.

It is described that PSA Peugeot Citroen broadcast last month that in 2008 a snare decrease of 343 million euros, is anticipated to face even larger deficiency this year. Company Chairman of the Supervisory Board, said if Mrs Thierry, taking into account the French automotive commerce is now opposite “very difficult”, the board of supervisors unanimously determined that there is need to change the older management. So, he took agency two years Streiff has just become a “victim.”

Poor performance or decline in sales, which are two car head-off the direct cause, which further highlights the global auto market in a critical situation. According to statistics, the first two months of this year, the United States car sales fell sharply, with only one month of sales of 668,000, of which GM’s sales fell by 49 percent, Ford fell 40%, g leisler fell as much as 55%. In the automotive consumer market downturn for two consecutive months, the auto consulting firm CSM Worldwide sales are expected to reduce the United States. CSM believes that the United States in 2009 car sales will drop to 9.7 million, much lower than expected in January of 10.7 million, which will also set in 1982 its lowest level since. Since 1999, the United States the average annual vehicle sales of about 16.8 million, in 2008, this figure fell to 13.5 million.

The United States auto market collapse changed not only GM, Ford and Chrysler, but in addition over the past small number years in the United States controlled the market costs of Japanese cars. If no unforeseen events take position, will become in 2009 the Japanese auto market carried on to descent in sales of the fifth year. Japan Automobile Manufacturers Association liberated the current market report that demand prediction, the declining monetary surroundings, company returns, and diminishing paid job and wages will be broadened to the Japanese automotive use, the Japanese auto market in 2009 will continue in the doldrums, Japan is looked frontwards to to embrace the micro-cars, motor trucks and commuter motor vehicles embracing demand for new vehicles 4,860,000.

March 24, Japan’s greatest automaker Toyota advertised that dilemma with the impelled sale of the strain inventory, the financial gathering in February to lessen by half the world’s goods produced, to 434,200. In augmentation, the financial gathering in Japan in February at the end wares of only 208,000, a diminish of 56.4% year-on-year. At the matching time, Honda, Nissan and Mazda and other financial gatherings have in addition advertised a extensive lessening in sales of knowledge, of which Honda has advertised the worldwide and in the household goods produced and sales year-on-year descent in more than 40%; Nissan worldwide goods produced plunged 51.3 out of 100, Japan goods produced was down 68.8 percent; Mazda and Mitsubishi, respectively, of worldwide goods produced in February plunged 54.6% and 65%.

Affected by the down turn in output and sales, the Japanese Automobile Manufacturers Association on March 24 said that Japan’s household finances because there is no signal of bottoming out, businesses were compelled to drastically slash work charges and command is very high. Expected 2009 sales to Japan dropped 8.0 per hundred, to 4,297,600, it will be the smallest since 1977, Record.

European markets in addition plummeted. Germany’s greatest automobile financial gathering, head of the public Winterkorn said the financial gathering looked frontwards to 2009 sales in Germany will descent by 10%. CEO Martin Winterkorn has said repetitively to the exterior world by the worldwide fiscal critical purpose and the undesirable upshots of the monetary downward spiral, the world automobile market in 2009 will be “extremely difficult.” Thuringia, Germany ghass Automotive monetary power Diz Dean even said that at the end of 2009, the German auto development work force of 760,000 will have 5 million population unemployed; in the prevailing automotive seller in 9500, there will be 1500 House blocked down or merged. To this end, the German Automobile Industry Association (VDA) requested their administrators to emulate the United States, for the automotive manufacturers to give comparable support loans. Are looked frontwards to VDA, Germany’s new motor vehicle sales in 2009 will decline to 2,900,000. Association President David Waisman said that the German motor vehicle market is in descent, or an unprecedented tempo and impact. Association Schmidt, Managing Director of the Treasury, said: “the fiscal critical purpose distribute to the automotive development has just commenced, it will slowly present opposing effects. German motor vehicle sales are looked frontwards to to revisit to prevailing stages, maybe after 2023 are things. ”

Streiff just not optimistic about the school’s global auto market this year, “the European auto market will further decline is expected to decline 20%, emerging market country will also be a significant recession.” He also said that the downturn in today’s large environment, the first positive factors are the Chinese market, China in 2009 will become the center of economic growth, “Although we expect the growth rate of the Chinese market only in the single digits, but still positive growth, after all.”

As Streiff said, even though the growth rate of the Chinese auto market is slowing down, but the relative decline in other markets worldwide situation, the Chinese growth market exciting enough. Especially in 2009, the Chinese automobile market began to change slide in the same period last year, showed a vibrant thriving weather. Statistics show that in February this year, domestic car sales to 827,600, an increase of up to 24.72%. Among them, the passenger cars sold more than 600,000, an increase of 24.23%.

Sensitive sense of reek to reek the foreign financial endeavour market chances in China, commenced to cease the in the household market, will turn alertness to the Chinese automotive market. “Specifically tailored for the Chinese client products” has become a admired automotive subdivision, embracing the new Regal, the new Carnival sedan, A4L Audi and BMW 5-Series long-wheelbase types, etc. are included. It becomes noticeable that how the Chinese market as a new motor vehicle can retain their head “rice bowls” of the key. But very distinctly, this is not the task can be wrapped up overnight.

It can be said that the worldwide automotive development is experiencing an unprecedented squall, while the Chinese market, this squall is the “Noah’s Ark.

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