Gasgoo.com (Shanghai) - Following rapid growth in the Chinese automobile industry in 2009 and 2010, the first half of 2011 has seen the industry slow down considerably, as competition between manufacturers continues to accelerate. With these factors in place, what sort of changes can be expected to be seen in incomes and net profits?
Sep. 28 , 2011Gasgoo.com (Shanghai) - According to statistics compiled from the China Association of Automobile Manufacturers and the General Administration of Customs, automobile exports grew slightly in the first half of this year, surpassing 9.15 million units. Exports accounted for slightly over 4 percent of that amount, an evident increase from 2010. However, the average cost of exported vehicles has dropped slightly from $12,324 in 2010 to $12,231 this year.
Sep. 20 , 2011GAC Forwarding & Shipping entered the Chinese market prior to 2002. After opening its Shanghai branch, GAC entered a phase of rapid development. In 2003, GAC began developing automobile logistics services, the core part of which covers import logistics, finished goods logistics and comprehensive supply chain management.
Aug. 24 , 2011Gasgoo.com (Shanghai) - With news that Geely Automobile Holding Group's liabilities has reached 73 percent, many in the media have voiced their concern about the state of the automobile industry. However, Geely soon put out a statement saying its liability rate was well within normal limits, pointing out that large Western automobile manufacturers generally have rates between 70 and 80 percent. Gasgoo.com (Chinese) took advantage of the story to further analyze liability rates among Chinese manufacturers.
Aug. 23 , 2011