BizWatch host, Qin Yi, interviews Chen Rongxiang, Managing Director of BearingPoint China on the intertwined topics of the automotive industry in China and rising fuel taxes.
How high can the tax go and who knows what the future holds in these areas? Maybe our interview subject knows.
Once the largest auto parts supplier in the world, as a part of the giant General Motors,Delphihad entered China’s auto market in 1993. Spun-off from GM in 1999, the company continued being a major supplier of parts to Ford, Toyota, VW and GM. Whilebeing a $30 billion dollar company with 38 subsidiary companies and ranking 146thin the‘Fortune 500’ listing, it experienced financial difficulties because of many factors. In mid-2006, the company filed for bankruptcy protection in the US.
Famed turnaround specialistSteve Miller, Chairman and CEO of Delphi Corporation, provides details of Delphi’s planned recovery in this in-depth interview.
Luxury cars were hit with a tax increase on April 1st. Car manufacturers are assessing the impact of the tax on their inventory and sales structure. View this report for an in-depth video look at the luxury auto industry in China, including interviews with representatives from leading brands like Mercedes, as well as PriceWaterhouseCoopers.
The once numerous (over 500) and iconic automotive spare-parts shops are being banned from a well-known 1 km stretch of Wei Hai road in Shanghai and are moving to the more spacious (and more lucrative) suburbs. They have been a highly-visible fixture on that road since cars were introduced into China in the 1920s. The shops now number about 200. We talk with Shui Congfang, Secretary General of the Shanghai Auto Parts Trade Association, as well as shop owners, for this fascinating video report on these major relocation changes happening in Shanghai.
Recalling a car model because of malfunctions is an expensive and complicated process for an automotive manufacturer. However, it may not only be about fixing car defects, but can also be an effective marketing opportunity. In honor of Consumer Rights Protection Day, our reporter files her overview of the current car recall process and the increase in recent recalls in China by major car brands.
In the automotive sector, planning for new fuel vehicles is being done an international group of experts. The new fuel vehicles being considered are hybrid cars as well as those powered by electricity and hydrogen. However, before these plans can be realized, developers must overcome high research and development costs as well as buyer habits. Besides government programs which support automotive research, independent auto makers are also exploring new energy vehicles.
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