Showing posts with label China's auto market. Show all posts
Showing posts with label China's auto market. Show all posts

Wednesday, February 29, 2012

China's auto markets

Within this article, it talks about how China’s auto marketis in trouble of shrinking or altogether ending. Which if this happens, it willhurt American auto companies such as GM motors, Ford, etc. in China. Some evidence of this is that the firstmonth this year, car sales went down 23% in China, which has come at a shock.Plus it doesn't make it better when China is not willing to give thesecompanies permits for factories to be built. I really thought this wasinteresting because we have seen recently of how well China is doing with it’seconomy and that things would be picking up in China. It is really sad to seethese companies doing bad when they sell more in China than in America.
http://money.cnn.com/2012/02/23/autos/us_automakers_trouble_china.fortune/index.htm
Brandon Wise