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Wednesday, April 1, 2009

Chinese joint venture auto industry's future?

By paulhu

Brief content: Shanghai GM furthermore notified reporters that GM will not be high-level alterations in the development of Shanghai GM influence GM attaches large significance to the Chinese market, Shanghai GM and the associated buying into tasks and enterprise will extend as designed . Chrysler is to blame for the Asian market-related enterprise persons that the urgent position on the North American auto procedures of Chrysler some international leverage, but Chrysler did not propose to leave the Chinese market.

GM and other auto makers face a "big shake", the Chinese joint venture, will be affected? Yesterday, the reporter interviewed relevant domestic enterprises.

GM restructuring plan as "hard board", CEO Wagner was forced to resign after news came out, this reporter had an interview with GM related to Chinese companies, which said: GM in China because of all the investments and policies are in China formulate local community, and Wagner's departure will not be GM in China are any adverse effects, common in all Chinese investment and business will continue as usual. Chinese high-level GM said, "Prior to this, GM pledged to invest in China one billion U.S. dollars, including the assembly of the power increase investment, expand production and so on. At present, this commitment remains." In the products, GM will continue to introduce new energy vehicles and related technologies. 2011, GM's most advanced Volt extended range electric vehicles will be introduced into the Chinese. In addition, the new 1.6-liter turbocharged engine will 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 formed an coalition with the affirmation, Chrysler is anticipated to help the United States Government. However, lower Chrysler still become the aim of vigilance of the out-of-doors world, the gale will sway the procedure of Chrysler in China has furthermore aroused anxiety about the industry. Chrysler is to blame for the Asian market-related enterprise persons that the urgent position on the North American auto procedures of Chrysler some international leverage, but Chrysler did not propose to leave 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 most profitable market, Europe and the United States should not abandon the Chinese companies, domestic joint venture companies should therefore not be affected by a major impact." Consultative development of China's auto industry experts think the company, "the event of bankruptcy headquarters should be The main deal with a number of bad assets, good point, the new shareholders will be protected. - 21396

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