Negative growth likely for 2015
China's GDP in the 2nd quarter was up 7 percent year-on-year, according to the National Statistics Bureau. The growth rate was exactly the same as in the 1st quarter. But the country's declining automobile sales in June as well as in the first half of the year can hardly support the 7 percent GDP growth number in the first half of 2015.
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China’s heavy-duty truck sales slipped 32 percent to 292,200 units in the first half of 2015 due to the weak economy and implementation of the State-IV emissions standards with Central China the hardest hit region.
China’s bus sales in the first half increased less than a percent to 282,000 units, while output grew 3.
BEIJING – Chinese consumers were increasingly optimistic about the car buying environment in July as the proportion of respondents planning to purchase a car rose to the highest point since March 2012, according to the MNI China Auto Purchase Sentiment Report.
AUBURN HILLS, Michigan – BorgWarner said in a statement on July 13 that it has entered into a definitive agreement to acquire Remy International, Inc.
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WASHINGTON, D.C. – On July 14, 2015, the United States International Trade Commission (USITC) arrived at the conclusion in a final ruling that a U.S. industry is materially injured by reason of imports of certain passenger vehicle and light truck tires from China, which were deemed to be subsidized and sold in the United States at less than fair value, according to a news release from USITC.