--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Carmakers May Curb Expansion in China

General Motors, Ford and other automakers may have to scale back or delay expansion in China as measures to cool the economy curb demand for new vehicles.

 

General Motors and Ford, along with Toyota Motor Corp., are among those that have announced plans to increase production in China in the next few years.

 

Accounting firm KPMG International said that raised concerns about future overcapacity.

 

China's auto sales have been growing at a slower pace this year after the government restricted lending for cars and as customers hold off purchases in anticipation of automakers offering bigger discounts.

 

(CRI.com September 27, 2004)

 

Skoda to Launch Production in China
Mitsubishi Motors Plans to Enhance Business in China
Three Carmakers Prop up Beijing's Auto Expansion in 2003
VW Revs up to Produce New Models
80 Percent of Volkswagen's Profit Comes from China: Report
Foreign Carmakers Seek More Presence in China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688