Key information from the National Federation of daily news
by automobile this week outlined:
1, after the holiday market continued hot
February 2009 this week is the first 1 week before the Chinese New Year Select a small peak of car, time is short, the retail market after the Spring Festival still maintain good posture. from the February sale of state manufacturers of view, the manufacturers generally higher sales, but work at different times, varying the current sales pace. Overall see February's sales will be in a better state. but some manufacturers need to consider adjustments in March about the product, in February the market is relatively stable.
2,1 months become popular passenger cars in China highlights the narrow
1 month's basic world market data released by the Chinese National Federation from the data, days of occupation like the Spring Festival, the narrow passenger cars in January sales fell 4% of the manufacturers, but the average daily sales up sharply increased by 20%. as the main vehicle consumer, China's average daily sales of substantial growth in passenger narrow, into a global highlight. as in conjunction with the National Union caliber by the data of other countries in January retail sales overall have fallen sharply. 37% decline in U.S. auto market, fell 24% in Korea and Japan fell 20%, UK down 31%, Germany down 14%. China's auto bailout policies to achieve substantive results.
3,1 micro-month trend of far-off stronger than the narrow passenger
same time, because January's unusually high volume manufacturers of micro-off, leading to generalized passenger vehicles (cars + MPV + SUV + micro-off) in January sales up slightly by 2%. But if the passenger vehicle sales data to prove that there are problems in China to pick up on the micro-off .1 exception of non-market factors are stronger, so the average daily passenger narrow high growth is reflected retail market to pick up the most important indicators. if passenger Data shows there are more car problems.
4,1.6 liter bucket to change the market structure
1 �� manufacturers sales outstanding is 8-10 million middle and low models, 1.6 liters of Korea, Department of the main vehicles type are outstanding, while the main 1.8-liter models sold well early part of this policy with the purchase tax is closely related to edge effects. policy, the main effect of the edge in the policy, other models of basic income is small. thereby reducing the purchase tax policy The main contribution to the confidence of policy-oriented, step by step sales pulled not ideal. and with the dealer prices rise, consumers feel confident that the benefits are mainly early .2 car market still reflects the displacement of 1.6 liters hot trend.
5, to maintain growth characteristics of the development can not lose salvation
China's current policies need to consider the characteristics of the rescue. not all markets need to save. China's own foreign policy, the threshold has been almost abandoned the future, regardless of the purpose of the blind if the stimulus will be given away our market. characteristics of the market in order to ensure the development with Chinese characteristics and China is no longer a need for a comprehensive introduction of foreign capital during the over-opening will lead to national industries and trade round was abandoned. Although trade barriers inefficient enterprises have made the chances of survival, leading to rising costs, the market may develop slower, but Japan and South Korea's automotive trade protection has proved that its protection measures on the development of domestic capital is significant.
6, lost vehicle characteristics of the problem is played down, the new protection measures will be introduced?
2005 �� 4 �� 1 �� China began implementing the 60% of the value of the vehicle collection and vehicle parts imports 25% of the same duties, rather than the provisions of China's accession to WTO agreement, 10% of auto parts to 14% tax rate. WTO Appellate Body on December 15, 2008 in U.S., EU and Canada prosecution of illegal auto parts import management measures and made a final ruling the case, found the Chinese in violation of WTO rules. the decision or will significantly reduce tariffs on imported auto parts, making it lower import prices will further the formation of motor vehicles and parts industry competition. The problem seems to be diluted, the vehicle still on an upward trend in the proportion of CKD loading, the new policy is imminent. multinationals on the one hand to defeat China in the WTO, on the one hand by media campaigns against China, it does not matter, the Chinese people's awareness of paralysis. The Chinese Government must keep a clear head, the introduction of new protection measures on the domestic market and for enterprise and responsible attitude, it will be very dangerous.
7, auto export pressure to resolve the < br> According to customs statistics, in 2008 China's auto exports have declined sharply. countries have clearly more support for automobile exports since the signal .07 auto companies to open up a lot of major new market, but by the end of 2008 there were problems, economic downturn and trade China's auto exports hit protection. It is difficult for independent companies to overcome the national crisis. especially the crisis in Russia, the policy is difficult to independently deal with Chinese companies, and not simply be solved a number of subsidies, the state of overseas influence protect a major responsibility. simply to make up for domestic enterprises to rely on technology, brand and other aspects of short-board and open up new markets, it is difficult to change the passive situation. the country's international political influence and deterrence is essential.
8 , new energy vehicles in China faces international risks
subsidies of new energy vehicles subsidy policy facing the international low-cost access to new risks. This week's new hybrid Honda has launched the U.S. price of $ 20,000. China The subsidy policy is 5 million, or about more than 7000 U.S. dollars. the future, if these multinational corporations enter new energy vehicles, and vehicle characteristics of tariffs is not, then the cost of imported CKD is not too high, 150,000 yuan should be no loss This further subsidize 5 million, is less than 10 million, more than the normal selling price of ordinary vehicles may also be low. If the annual sales of 2 million units in China, the Chinese government subsidy of 10 million, if after 1 year to 12 million ( Japanese prices were flat), the car cost less than 70,000 yuan, annual sales of 10 million units in China is not a problem, the Government has to pay 5.0 billion / year. Chinese government subsidies to a steady stream of new energy research and development to contribute to Japan's Honda . China must consider the risk prevention, the current policy needs new energy vehicles carefully.
9, harmony-oriented - no sense of defamation by the Federation
1 and month and authority of the media reporters for defamation by the Federation article . according to my character will full force, but in accordance with the requirements, I can not eye for an eye the man as he. we work to low-key, hope it will be our witness, and its detractors is useless.
as industry organizations, strive to do their thing, of a good market for the automotive industry and stimulate domestic demand to do practical things is currently the most important thing.
harmony with the teaching of Chinese and is the current development of the industry together to promote the importance of doing things principles, or dog in the manger. I also like the
one, new products, price scanning
1. 09 models listed on the Roewe 750 1.8T models.
2009 �� 2 3, 09 Roewe 750 1.8T models listed, divided into fast and commercial Ya Ya edition version of the current market pricing of 17.28-19.78 million ..
analysis:. The Roewe is a listing of the new product line displacement models, the importance of extending downwards initiative, that is, the Roewe brand building from the early stages of the gradual increase into the sales phase.
Second, the macroeconomic environment and policy information
1. The two departments announced the .
under the State Council on the spirit, for the expansion of automobile consumption, speed up the restructuring auto industry, and promote energy conservation and new energy automotive industry, the Ministry of Finance, Ministry of Science decided in 13 cities in energy saving and new energy vehicle demonstration and promotion of pilot work, to fiscal policy to encourage public transportation, rental, service, sanitation and postal and other public services, the first to promote the use of energy-saving and new energy vehicles, to promote the use of units to buy energy-saving and new energy vehicles will provide subsidies. Among them, the central government focus on the acquisition of energy-saving and new energy vehicles will provide subsidies to local governments focus on the related infrastructure construction and maintenance grant. new energy vehicles mainly refers to hybrid vehicles, electric vehicles and fuel cell vehicles. BSG model 04000. hybrid electric vehicle up to 5 million. uniform electric subsidies 60,000. fuel subsidies to 25 million cell vehicles unity. meter above the maximum 60 million city bus.
Analysis:. less vehicle purchase tax levy is a good policy. dealer behavior is unsustainable increases.
2. used car VAT or sales halved to 1% of the recent policy will be introduced
by the China Automobile Dealers Association, including the drafting of the VAT second-hand car and then halved to 1% for second-hand car trading proposal has been adopted by the relevant state ministries , is expected to be introduced recently, when there may be on the car rental, car finance, and some of the incentives ..
Analysis:. State used car business tax set unreasonable, is impeding the development of the major used-car market reason, a VAT increase by half again the significance is not large, because most of the used car transaction does not operate through second-hand car companies. Chinese tax must be set with Chinese characteristics, restrictions on foreign chain development.
3. Guangdong March 1 will be issued from the vehicle green flag
Guangdong province since March 1 will mark the implementation of environmental management of motor vehicles, motor vehicles, Guangdong Province will introduce two kinds of green yellow and green flag management, unified between cities style green flag to avoid vehicles entering and leaving the subject leader needs to be repeated in different cities of trouble. future emission vehicles for inspection and sampling frequency will increase the road to speed up the elimination of these high-polluting vehicles ..
Analysis:. to increase high Vehicle emissions monitoring and testing costs would increase the owners of those users take the initiative to update the standard yellow.
Third, new car information
1. Honda INSIGHT Japanese market hybrid Prius sell for less than
Japan Honda INSIGHT 6, officially entered the hybrid market. INSIGHT model 1 liter of fuel mileage is about 30 km, fuel economy is higher. The car's basic price in the Japanese market for 189 million yen, in the U.S. market for 2 million, were larger than the current market sales of the Toyota Prius. The company plans to sell 20 million units this year, INSIGHT, of which 100,000 U.S., Japan and Europe all 50000 ..
Analysis:. With more manufacturers such as Honda's new hybrid type of launch, the chance to enter the Chinese market is also increasing, so China's tax policy faces some challenges. If such models Honda enter the domestic market, theoretical price of only $ 20,000, plus parts tariffs, the price is not high, and then subsidize 5 million, then the price advantage is obvious. China should seriously consider subsidies.
four companies Dynamic
1. FAW Volkswagen 350,000 suspended or postponed expansion plans to 2011.
came from the public and relevant corporate news, FAW-Volkswagen Automobile Co., Ltd. has been delayed in Chengdu Added production plan, the expansion plans are likely to be postponed to 2011. At present the existing FAW-Volkswagen plant in Chengdu, production capacity of approximately 20,000, the main production Volkswagen Jetta, 2008, annual production of about 14,000, 2009 estimated production will reach 18,000. FAW-Volkswagen is preparing to expand the factory in Chengdu 350000 new factory capacity, the project's total investment of 8.873 billion yuan, located in Chengdu Economic and Technological Development Zone, the new stamping, welding, coating installation, assembly process four production lines, construction period is 4 years. Volkswagen Group Greater China, responsible person disclosed, due to the current domestic and international economic situation uncertain, Chengdu plant will expand capacity by 2011, the original plan has been postponed ..
Analysis:. Last year, China's auto production and sales reached 930 million, but the capacity has already reached 12 million, a huge pressure of market competition and economic downturn can not make more production release, this may FAW-Volkswagen is a major expansion plan suspend the main reason.
2. the first half of next year 13 made on behalf of the new Crown or for the long wheelbase version.
13 on behalf of the Crown cars within the first half of next year, Tianjin The second plant of FAW Toyota operation, this product is likely to be for the Chinese market long-wheelbase version. At present, Tianjin FAW Toyota is increasing production capacity of the crown. Toyota last year introduced a new design in Japan, a new generation of crown car. This series of new vehicles, including ordinary version of Crown Royal Saloon, Sport and the hybrid version of the Crown Athlete Crown Hybrid. At present, Tianjin FAW Toyota Toyota in the 12th generation of the second plant crown car. No. 13 on behalf of the Crown not only wheelbase will increase, and the body length and width of 4870mm and reach 1795mm, respectively, an increase of 30mm compared with the old models and 15mm ..
Analysis:. Toyota is serious, the car is so late to market, the crown market has lost a lot. Toyota 2008 the Chinese market should be considered very successful.
3. FAW general cooperation program exposure.
FAW and universal cooperation is mainly involved in commercial vehicles, and the negotiations have been going the end of a year .2007, GM China began with the FAW contact, the object of both parties to co Hongta company. Hongta the company for the FAW and the Yunnan provincial government and the establishment of the commercial vehicle manufacturers, FAW and Hongta The company owned 51% and 32.93% shares. It is reported that GM intends to stake Hongta, and to the entry point with the FAW Group, as technical cooperation and joint ventures. If GM and FAW joint venture cooperation, it means that GM China has the second joint venture partner.
Analysis: FAW joint venture with GM's commercial significance, China's commercial vehicles more competitive world, but the management and R & D is still a wide problem and needs to quickly improve.
4. Chery factory in Argentina a total investment of 450 million to 500 million U.S. dollars.
Chery exported to North America in the hope that Russia closed the case of the door assembly parts, steering South America to seek new growth points as Chery's new choice. According to Argentina's In the second phase investment plan is completed, annual output in 2012 is expected to reach 10 million units. The project is funded by Chery Automobile and Argentina Suoke Ma (MACRI) Automobile Group Corporation in a joint venture in 2007 m ��������� Company (Chery 51%, Suoke Ma Group Company holds 49%) responsible for implementation. Suoke Ma transformed the joint venture company located in Uruguay OFEROL the company's plant and production lines to produce parts assembled Chery cars luxury SUV Type sales of overseas markets, Chery car sales was repeatedly ranked in the top five list. According to the plan, by 2010, Chery will set up 14 overseas factories, the export will exceed 60 million units. In the export route through the North American Chrysler hopeless , the main market, Russia has closed the door assembly parts case for shifting to seek new growth points in South America after all, a wise choice ..
5. 2008 increase in the national second-hand car trading lows.
China Automobile Dealers Association recently announced in Shanghai, the latest statistics show that total trade in 2008 provinces and cities nationwide used car 2,737,300, an increase of only 3.0%, a record low in recent years. and this year, the overall domestic automobile sales market conditions correspond to the national increase in second-hand car market also fell into the lowest since 2000 points, indicating that the automotive market for up to 6 years of rapid growth began to slow down ..
Analysis:. second-hand car trading slowdown and economic downturn trend. < br> 6. Ssangyong Korea hosted applications for court approval.
Korean branch of the Seoul Central District Court on February 3 to the main creditor banks mm Ssangyong Development Bank informed that the platform and Ssangyong Motor executive Puyong former Hyundai Yu-nominated as the statutory manager of a manager. the same day, the claim holds Ssangyong parts spare parts business has also held temporary Association, unanimously nominated by the appointment of two persons as joint managers. Han Court announced plans to take over in about 6 Ssangyong Automotive decision. Ssangyong Motor's total current liabilities of approximately 1.5 trillion won, the total assets of about 2.2 trillion won. currently has cash of about 300 billion won, less than one month's operating costs factory ..
analysis: . business recovery plan needs 4-5 months to develop, but can not afford Ssangyong is consumed, so hosting is not a good outcome. Ssangyong South Korean government does not want to re-emergence, and then worked with the president's original corporate South Korea Modern Group, grab the market, but South Korea can not explain.
7. Shanghai GM's No. 09 in the A0 level model NGS exposure.
NGS new car code-named Shanghai GM, Shanghai GM will launch in 2009 a low-cost small car class A0. Shanghai GM NGS is not in general the global Gamma II platform, instead of using the cash Chevrolet Lova's vehicle platforms, after the secondary development of Pan-Asian designers to come, this is Shanghai Universal Design Center Pan Asia's first fully self-developed vehicle project, NGS is designed to be low-cost small sedan family car, the next listing, the car will probably be the lowest price of Shanghai GM sedans.
Analysis: Shanghai GM in the style of music under the need to add more competitive models, so its cost advantage to full play. general performance is better than the major brands of modern operating well and good cost control.
8 . Guangzhou Automobile Group, M & Brilliance plans like abortion.
carries a under the coordination of ministries, Guangzhou Automobile Group and Brilliance China Automotive senior executives have been a symbol of sexual contact. However, recently, Qi Yumin, chairman of Brilliance Auto Group, told reporters in Shenyang, Brilliance and formally denied the possibility of re-Guangzhou Automobile Group, Kennedy called local government to protect local firms attitude very clear.
9. Shenlong start three factories in Wuhan.
Wuhan City, officially launched the trillion investment plans. which, to be built with an annual output of 3.5 billion 15 million to production capacity of 350,000 cars Dragon III plant. in accordance with the planning of Wuhan, Wuhan Economic and Technological Development Zone is building the Hon. Chinese cars are vehicles on the threshold of .2 5 Wuhan Shenlong three plants on the project to tender, estimated total investment of 139 million ..
Analysis:. Shenlong faster construction of three factories, and the current production capacity Dragon pressure has been great. Dongfeng Honda to study expansion or significant rolling.
five, industry news
1. a quarter of imported cars will be drastic negative growth.
by the international environmental impact of imported cars will be severely tested this year. Recently, the China Automobile Trading Co., Ltd. imports Ding Hongxiang chairman and general manager predicted that imported cars will appear in 2009, Jin Yicheng the negative growth rate of the first quarter of the maximum ..
:. large displacement car consumption tax increase, while imports of cars over 3.0 liters in displacement models accounted for 46.5%, sales of imported cars so obvious atrophy. the second half of the financial crisis last year, dragged down consumer spending, the rate of increase is directly increased by car costs. It is estimated to raise consumption tax big cars, displacement from 3.0 to 4.0 liters of the cost of imported cars increased by 13.3%, the displacement of 4.0 liters or more of the cost of imported cars increased by 33.3%. this impact, he predicted In 2009, the large displacement of imported cars, especially models share more than 4.0L will drop substantially in 2009 ..
2. Chinese companies as potential bidders for funding VOLVO difficult or Ford into a stumbling block
VOLVO early this week to determine the identity of potential buyers. One source said that several Chinese companies may be interested in the acquisition of VOLVO. alleged that Chinese companies are interested VOLVO expected to include Geely Holding Group, Shanghai Automotive Group shares Co., Ltd. and Chongqing Changan Automobile Co., Ltd.. but one person said, many Chinese companies are also facing the problem of falling demand, even if they are interested in acquiring VOLVO, these companies may not have financing to finance the acquisition, they may seek help from the government ..
Analysis:. manufacturing transfer from developed to developing countries, low technology and labor-intensive industries has been transferred to complete, is currently in the high-tech industries from developed to developing State transfer stage. Therefore, the high-tech automotive industry in the developed countries into the mess historical necessity. domestic automobile enterprises to buy other people's auto companies developed countries, if not dismantled the equipment shipped back to domestic production, and want to others operate on the production site is bound to fail. First of all developed countries, high labor costs and the production of automotive products let no competitive advantage, but we also do not understand the situation abroad, not Knowing your enemy, how successful? So the news has said Chinese car VOLVO interested in buying is also expected only limited interest, but a reporter of the imaginary conjecture ..
3. WTO ruling Final domestic match for luxury cars, fashion.
WTO ruling against China, but the luxury car brands still have to abide by rules of the game. but, this time not the Chinese Government to make rules, but the market itself. the future to determine winning or losing is not the WTO, but the product's merits.
Not long ago, the World Trade Organization (WTO) on China and the United States, the European Union and Canada continued for nearly 3 years between the dispute over auto parts import measures to make the final decision. contradictory focus difference of 15% of the parts imported tariffs. Despite losing, but significant import luxury brand will not import parts and components, but will choose to accelerate the pace of domestic production, reduce costs to ensure that sales ..
Analysis: The concept is not accurate, and domestic models of CDK loading on the rise, especially in a higher proportion of high-end models of CKD, and its obvious price advantage, and accelerate the new vehicle import. China's WTO against itself is the problem, can not play down the need for new policy of repression.
4. a Hot Quotes on whether the a fire. months, many companies have reached a record high sales.
Analysis: Domestic car sales in January also popular reasons attributed for the state promulgated a series of measures to stimulate the automobile consumption, the Spring Festival and the effect of oil prices, Tax effect of adjustments by the purchase, 1.6L and 1.6L cars this year, the following models will be the main growth market. It is noteworthy that ah, despite the January sales well, but can not be blindly optimistic, with the policy diminishing marginal effects of favorable measures, the automotive market there are many unknowns, and the future remains to be seen how in the end ..
5. Ox Ministry of Industry announced the first phase of the automobile market to gradually pick up new cars directory.
Year of the Ox Chinese New Year During the warm car, or in terms of choice in terms of number of transactions continues to heat up. in the international financial crisis, under the influence of consumer enthusiasm to achieve this is unexpected, it is not easy. far beyond the traffic during the Spring Festival Chinese New Year before expectations during the sales.
No. 181 in the list announced its own brand products have a large number of new cars. guess which two parties to the east by the autonomous car mm DFM and Dongfeng Dongfeng Fengshen independent sports car; also used the subject of Geely cars FE-1, this car is mid-size car market will mark the auspicious debut of new platforms. Hafei will launch a small MPV Hafeisaima; In addition, the joint venture brands, Domestic Long Volvo S80 version and the new Fiesta sedan is also found in the current directory ..
Analysis: Jan. popular domestic car sales the stocks down, demand is not met, in February of the market will continue to more prosperous state.
6 . In 2008 the significant downturn in China's automobile export growth.
According to customs statistics, China's total car exports in 2008 (including complete sets of parts) 644 000, worth $ 8,880,000,000, compared with last year (below) were up 9.4% and 32.5%, respectively, the growth rate dropped 76.2 and 100 percentage points. First, the monthly export volume since August 5 consecutive months of decline, in December since 2000 the biggest monthly decline. Second, the general trade export growth fell sharply, showing single-digit growth in processing trade. Third, exports to Africa and Latin America, the significant downturn in exports to Russia decreased significantly. Fourth, the state-owned enterprises and foreign invested enterprises are slightly increased, the proportion of private sector exports increased slightly. V., trucks and small Car significant downturn in export growth.
Analysis: Jan. popular domestic car sales the stocks down, demand is not met, in February of the market will continue more prosperous state.
7. 2008 growth rate of China's auto exports come down substantially.
According to customs statistics, China's total car exports in 2008 (including complete sets of parts) 644 000, worth $ 8,880,000,000, compared with last year (below) increased by 9.4% and 32.5%, respectively, the growth rate dropped 76.2 and 100 percentage points. First, the monthly export volume since August 5 consecutive months of decline, in December since 2000 the biggest monthly decline. Second, the significant downturn in export growth in general trade, processing trade show single-digit growth. Third, exports to Africa and Latin America, the significant downturn in exports to Russia decreased significantly. Fourth, the state-owned enterprises and foreign invested enterprises are slightly increased, the proportion of private sector exports increased slightly. V., trucks and cars export growth falling significantly. < br> Analysis: As China's automobile export market, the major decline in domestic demand, a variety of protective trade barriers increased, Chery and other enterprises are injured. barriers to increasing the technical standards. EU limits on vehicle emissions, vehicle safety, etc. requirements escalating, although the EU is not a major export of the car market, but in the Middle East, South America and other markets are mostly used with reference to EU standards, EU technical measures related to China's auto exports as an important limit threshold, and increase pressure on China's auto exports, lead to further slowdown in export growth.
six, multinational corporations and overseas markets
1. 1 �·� Japanese car was hit in the U.S. anti-Korean cars into the impact of the recession
highlights this year, in January U.S. auto the market was hit hard, auto sales fell to its lowest level in 27 years, including six Japanese and U.S. car makers all fell, while the Korean cars are to buck the trend and become the largest market highlights .1 month, Toyota Motor Corporation in the U.S. market decline in sales for the first nine months, only 117,287, up by as much as 32%. The other two major Japanese auto giants Honda and Nissan sales were also down 28% and 30%. month, the Korean cars in the United States Department of the performance of eye-catching, Modern sales surge 14% year on year, and its subsidiary Kia brand sales also increased 3%. modern performance was mainly due to its excellent launch a unique promotional measures, according to the measures, such as American consumers within a year of unemployment in the car , can be returned free of charge ..
Analysis:. increase the competitiveness of South Korean cars with large exchange rate depreciation, the ability to carry out major marketing efforts are closely related. The appreciation of the yen, the RMB appreciation, China and Japan led the international models declining competitiveness.
2. Han January car sales plummeted personal consumption tax cut policies have little effect.
Korea policy to stimulate personal consumption tax effect is not obvious auto market, down 42% of the total domestic demand fell 24% . export volume is only to maintain 131,000, plummeted 48.9% year on year. the international financial crisis, the environment becoming evil situation, Analysis of the main reasons ..
:. South Korean auto market is enormous pressure on the decline in exports because of serious difficulties throughout the automotive industry, domestic demand has become even more difficult to pull up. But China's Beijing Hyundai by policies to stimulate the better, is the only Highlights.
3. GM intends to sell medium-duty truck business to Japan's Isuzu.
GM intends to continue to thin, which will sell truck business, selling the most likely target is Japan's Isuzu Motors. GM in Michigan has a company called factory price negotiations. Earlier, General had informed the union message, the workers may prescribe the conditions to maintain the production to the plant in 2014. If the card business for sale, generic front shortened, beneficial to its cash savings expenditures, but also beneficial to its restructuring plan through Congress ..
Analysis:. common main problem is the high cost of the crisis, the weight of their larger meaning lower costs.
4. General Conference for the guaranteed loans or 5000.
7, according to Bloomberg reports, General Motors is to keep the U.S. government loan assistance, is planning to cut up to 5,000 salaried employees, in a bid valid until March 31 to cut costs. The report quoted an insider news said General layoffs this year and in 2008 cut the number of salaried employees fairly. GM will write the plan will be February 17 submitted to the Government's progress report ..
analysis:. current GM The company has approximately 71,000 employees, 08 years have cut 18,000 hourly workers. The layoffs have been common 08 years beyond its total, but the intensity is still small, the production decline was much larger than the number of attrition.
5 . Toyota Motor Third-quarter loss of 1.8 billion loss for the year is expected to increase 200%.
Toyota Motor Corporation (Toyota Motor Corp.) 6 released a report, the company ended 31 December 2008 for the fiscal year the third quarter, up 164.7 billion yen suffered (about 1.8 billion) for the huge losses, and this is the first time the company suffered a quarterly loss in history. sales dropped sharply and the yen's continued strength, is the Toyota suffered the main factor huge quarterly loss, while over the same period last fiscal year, the company's performance, compared with 459 billion yen profit ($ 5,050,000,000).
Analysis:. continued strength of the Japanese yen, Department of enterprises were greater impact. some of its regional sales operation to reduce and cut back operations. model structure led to heavy losses.
6. ... Ford Motor Company 20
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