http://www.sinoc.com/SINOC-Automotive_China-News.php China Automotive News en http://www.sinoc.com/SinocAuto.html New webdesign was lunched after Chinese New Year 2009. Mon, 02 Jan 2009 15:21:36 GMT-7 http://www.sinoc.com/SinocAuto.html the relaunch of SINOC webpages is planned for these month Wed, 18 Jan 2009 15:21:36 GMT-7 http://www.sinoc.com/SinocAuto.html We wish all our customers and suppliers a happy and successfully 2009. SINOC likes to thank all our customers and suppliers for their trust and good cooperation in 2008. Especially in times of global economically and financially difficulties we will work harder for the success of our customers and support them in all their concerns. Mon, 01 Jan 2009 15:21:36 GMT-7 CIAPE, held by the Chinese Government, is an access to Chinese market. CIAPE opens a window for both Chinese and international automobile and auto parts industries by introducing their development level and trend of growth. Mon,10 Nov 2008 00:00:00 GMT+7 http://www.sinoc.com/SinocAuto.html After maintaining double-digit growth since 2006, passenger vehicle sales started shrinking right after the Olympic Games this summer. Total sales dropped 2 percent year-on-year in the month, according to official statistics. Only joint ventures of international automakers and major state-owned Chinese auto manufacturers are still profitable, although their profit is also shrinking. However small automakers like Chery Automobile Co., Geely Automobile Holdings Co., BYD Auto Co., and Great Wall Motor Co are very likely at risk. Their revenue lies partially in heavy dependence on exports to Middle East, Africa, Southeast Asia, Russia and South America for profits. If the world economy slides into a year of regression and even depression then car sales will also shrink. Geely has already cut its export target for this year to 40,000 cars from 60,000 says Gasgoo. Auto giants like FAW, and Dongfeng can't fulfill their sales target this year. A take-over of a large overseas automaker would not fit Chinese automaker now. Besides, SAIC has bought a lot of loss-making foreign assets such as MG, and Ssangyong, both being great burdens for the Chinese automaker now. Chinese car makers are hoping for financial help from the government but until now the $585 billion stimulus package didn’t pay much attention to the car makers. Therefore many analysts expect in 2009 a harsh competition, some M&A and even bankruptcy of OEMs in China.