Home / Business Tools: Save | Print | E-mail | Most Read | Comment
Automakers wage war for market share
Adjust font size:

Athletes from around the world will contend for gold this August during the Beijing Olympic Games, but before the sports gala begins, automakers are already locked in an intense competition of their own to see which will catch the most Chinese buyers.

It promises to be a long match, however, with no immediate winners likely in the world's second-biggest and fastest-growing vehicle market.

Global auto giants and local carmakers are in top gear to parade their products through the 2008 Beijing International Automotive Exhibition, which opened on Sunday at an all-new venue.

There are 890 vehicles on display in a total area of more than 180,000 sq m - the largest in Asia - with seven foreign models making their global premieres, 24 Asian debuts and more than 100 China maiden appearances.

The nine-day auto pageant is expected to attract more than 600,000 visitors, according to organizers of the biennial event.

Vehicle sales in China jumped by 21.4 percent year-on-year to 2.58 million units in the first quarter of this year. Full-year sales are predicted to hit 10 million units, up from 8.79 million in 2007.

US carmaker Ford Motor Co, together with its Japanese unit Mazda and other affiliate brands, is showing 55 vehicles - including six concept models and one making Asian premiere - in a combined booth of 5,500 sq m, which makes it the biggest exhibitor.

Ford is also putting its new powertrain technology, EcoBoost, on show. The turbocharged direct-injection technology provides 15 percent improvement in emissions and up to 20 percent better fuel economy, as well as improved performance.

Bob Graziano, Ford's newly appointed China CEO, says "Ford will be introducing EcoBoost-based products starting in 2009, beginning in North America and then on to other parts of the world, including China".

Ford's group China sales rocketed by 47 percent to 90,791 vehicles in the first quarter.

General Motors and its Chinese joint ventures are displaying 42 models with the Buick Invicta making its global debut.

Rick Wagoner, the group's chairman and CEO, said China may surpass the United States as the world's biggest vehicle market within a decade.

China is to account for more than 40 percent of global auto sales growth during the period, Wagoner predicted.

GM is the top player in China's vehicle market with local sales last year exceeding $1 million units.

1   2    


Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Beijing auto show to kick off on Sunday
- Foreign auto makers place high hopes on Beijing auto show
- Cars with Chinese elements at Guanzhou auto show
- An auto show without fancy cars and models
- Beijing Auto Show Closes with Record Turnout
- Beijing Auto Show Sees Presence of Home-grown Brands
Most Viewed >>
- Auto China 2008 staged in Beijing
- Economist: economic slowdown might be immediate remedy for inflation
- Service trade volume tops US$250b in 2007
- High 5 to China's ambition to develop jumbo jet planes
- China's fiscal revenue up 29.4% in first 4 months
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 中文字幕在线看视频一区二区三区 | 欧美视频在线网站| 午夜性福利视频| 荡女安然的yin乱生活| 国产无遮挡又黄又爽在线视频 | 一本大道无香蕉综合在线| 日日噜狠狠噜天天噜av| 久久精品免费一区二区三区| 欧美一级爽快片淫片高清在线观看| 亚洲欧美日韩中文在线制服 | 6080一级毛片| 处破之轻点好疼十八分钟| 加勒比色综合久久久久久久久| 黄毛片一级毛片| 国产精品一区二区久久| 95老司机免费福利| 天堂电影在线免费观看| 三上悠亚精品二区在线观看| 无翼乌全彩无遮挡之老师| 久久国产欧美日韩精品| 最近中文字幕2018| 劲爆欧美第1页婷婷| 色一情一乱一伦一视频免费看| 国产免费无码一区二区| 97碰公开在线观看免费视频| 国产精品久久国产三级国不卡顿| 91进入蜜桃臀在线播放| 在线观看国产成人AV天堂| bt天堂资源在线种子| 好日子在线观看视频大全免费| 万古战神txt下载| 成人欧美一区二区三区在线观看| 中文字幕被公侵犯的漂亮人妻| 日本二本三本二区| 久久久精品国产| 日本成本人视频| 久久大香伊蕉在人线观看热2| 日韩在线第二页| 久久精品国产99国产精品澳门| 日韩大片高清播放器| 久久男人av资源网站无码软件|