Automakers in China have started to see record vehicle sales this year, thanks to the growing demand for minivans. But the big-selling mini vehicles offer little profits, let alone to boost the auto industry.
May 14 , 2009"The OEM business sucks," said the owner of a very large U.S. parts supplier last week to me. "The aftersales market is booming.
May 12 , 2009"The overall sourcing strategies of China sourcing are not expecting big changes at global economic downturns" according to a survey conducted by Gasgoo.com.
May 12 , 2009New car manufacture around the world is at historic lows. It is no wonder that about 40 percent of China's auto part companies face severe liquidity problems this year, as an annual study by business advisory firm AlixPartners says.
May 6 , 2009The Shanghai Auto Show 2009 closed its doors just recently, and this year’s exhibition has produced record results – largest exhibition area ever, more industry participants than previously, and highest number of visitors. An amazing performance given the current economic context, and the particular bad current shape of the global auto industry!
May 5 , 2009Five Chinese-brand carmakers have planned to jointly procure steel and tires. Amid financial crisis, joint procurement will be a trend among Chinese automakers?
Apr. 30 , 2009