Manufacturing News

Foreign car makers plan takeover

Foreign car producers have begun to take more control of their joint ventures in China, sidelining their Chinese counterparts from business partners to factory providers, China Business News reported Tuesday.

FAW-VW Automobile Co plans to establish its own logistic and sales networks, a key indicator of a potential takeover, industry insiders told the paper. The company has already started to reassess contracts with secondary dealers in more than 30 cities.

Mercedes-Benz's Beijing unit and Mercedes-Benz China are also rumored to have started a restructuring of their sales channels. Industry insiders believe that Daimler AG has played a key role in the process.

The booming car market in China has prompted foreign car makers to consider establishing wholly-owned sales enterprises to replace old sales models.

China's vehicle sales totaled 13.6 million units in 2009, overtaking the United States as the world's largest auto market. The sector experienced its first year-on-year sales drop in April since 2009. However, the market picked up in June, and passenger vehicle sales grew 5.3 percent from a year ago in the first half of this year.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved