Saturday, December 31, 2011

GM Not Worried about China’s Latest Measures Against Foreign Automakers

As we reported earlier this week, in a second move this month after imposing new duties on U.S.-made automobiles, China’s National Development and Reform Commission and its Commerce Ministry announced that they are putting an finish to investment incentives, efficient from January 30.
The reason becoming that even although China has a lot more than 70 domestic car manufacturers, the bottom 55 account for only 11 percent of total sales.
As reported by Bloomberg News, Common Motors, the

Read more ...

No comments:

Post a Comment