Chinas automobile market need to rescue do-.docVIP

 PAGE \* MERGEFORMAT 6 China’s automobile market need to ‘rescue’ do? June 16, FAW Volkswagen, Shanghai Volkswagen also announced price cuts, price cuts covering all the nine brands Volkswagen’s 44 models, the biggest drop in more than 10%. Volkswagen announced on 16 price cut less than 24 hours, June 18, Dongfeng Citroen to rush a team, announced the Elysee series of all the price cuts. This is the automobile market since the end of last year, after the dismal sales growth there, after the peak season is not Wong’s ‘Black May’, China is another major car manufacturer to reposition itself in the price of arms. However, according to a survey of mass distributors, price cuts across the board after the public sales and no significant growth, which, inter Jetta sales rose slightly in the other models change little. From all cities feedback shows across the country there have been signs of significant Chibidaigou. In the meantime, June 17, 2004, price cuts by the public impact of auto stocks in Shanghai and Shenzhen stock plummeted. Broader market flat in Shanghai and Shenzhen opened Dizou day, after a slight upside blocked 1478 points, then dropped out of the unilateral movements, as the leading decliners in the main, Jiang gas shares, Shanghai Automotive both lower limit, other cars and automotive spare parts stocks decline also many more than 5%, auto stocks suffered the biggest one since 2002 stock market crash, many funds have taken in the long-term sell-off. The face of sales market and capital market experienced two battlefields of ‘winter’, part of the automotive industry are crying out for ‘rescue’ any more. To mobilize governments, businesses, media, consumer power to save China’s auto market, the ‘golden age’. Shouted with our little known compared to multinational auto companies seem to be more able to put the situation Shen gas. Automobile market during the CCTV interview on this issue, the dialogue part iron-lung, president signs the snow, Mr. Folz,