Review of the 2008 China Auto Parts Industry – Automotive, Parts – Hardware Indu
A financial crisis engulfed the global automotive industry no one can escape their powerful impact, even called "lean production" of the division of the Japanese Toyota company in nearly 40 years, the first loss. As a front end chain of suppliers, parts manufacturers in what state? Chinese and foreign enterprises in the Chinese market as there are what? Let's auto parts industry in 2008 to do some review of some pieces. Dawn is still
crisis End of the year in previous years, seems to result in the review, but in 2008 a close, to our eyes of it is a message like:
? Because banks are reluctant to lend and corporate borrowing costs rise Bosch Measures to adjust the industrial structure: the sale of Sapphire's (Blaupunkt) brand car audio, navigation systems, antenna business to adapt to the economic recession might bring to their overall negative impact of business.
? Due to a sharp slowdown in the global automotive market impact of, electrical equipment has significantly lowered its fiscal 2008 earnings forecasts, the financial position of the parent company's profit from the original 36 billion yen to adjust for the loss of 49 billion yen. It is the electrical equipment since its inception in 1950, the second time since the parent company reports a loss.
? Magna recently announced two decisions, including the closure of the Greater Toronto Area in Canada's two parts factories, cutting 850 jobs, and the split unit of Magna Entertainment.
? Bridgestone announced that, despite the high profits for mining very large tire sales growth, but can not make up for declining sales of new cars and spare tire loss. By the global economic slowdown, the impact of car sales plummeting, 2008, the company expects net profit of only 120 billion yen, down sharply compared with last year's 91%.
? Cummins announced layoffs at the end of 2008, 500, 3.5% of its workforce, because medium-and heavy-duty trucks and sudden drop in demand for building products.
? In Europe, about 500 auto parts supplier is threatened with bankruptcy.
… … Bad news there are many. Mentioned above, is a world-class multi-component company in the financial crisis, they is still unable to stay clear of some of the difficulties faced by small business components can be imagined.
But even in the perilous situation, the number of let people see some light, some of parts we in the North American market fell sharply against the background of the Chinese market has made a generous. Has fully acquired by Goodyear Dalian Tire Co., Ltd. Goodyear, making investment in China subsidiary. Previously, Goodyear has launched nearly 500 million U.S. dollars of funds, large-scale relocation of the factories and transformation. Bosch business in Europe and the United States economy less the case, but in China, opened a total area of nearly 200 million square meters of the winter car testing center. Another was the Wall Street credit rating company to review the object as Johnson Controls, recently with the Guangzhou Automobile Group Guangzhou Automobile Group Component Co., Ltd. signed a joint venture in Guangzhou Johnson Automotive Interior Systems Co. Ltd., the joint venture will be widely Steam Group main dashboard, instrument panel and other vice products, automotive interior supplier. In addition, the same sharp drop in profits of Bridgestone, has also opened its first 300 in China, "Bridgestone truck tire station."
Recent investment activity in China there are many parts manufacturers, such as the United Kingdom Perkins (Perkins) 400 series engines in Wuxi has just completed a new plant put into production; Germany's Getrag Group, a joint venture in Jiangxi ?? Getrag (Jiangxi) Transmission Co., Ltd. in all branches produce 200 000 units (sets) Automotive Gear The project put into operation; production of silicone products used cars Wacker Chemie AG of Germany and the U.S. Dow Corning silicone joint venture in Zhangjiagang factory put into production … … these are reflected China has become a force to be supporting the world's automotive industry or lack of power.
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