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Most tire manufacturers will not survive 2016

In a recent survey conducted by tireworld.com.cn regarding the wellbeing of domestic tire manufacturers, nearly two-thirds of the respondents believe that most tire manufacturers will not survive 2016, according to results released on February 2. The survey also shows that over 40 percent of the respondents believe that vicious competition and

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Consolidation of independent brands inevitable

China’s independent-branded carmakers are facing the most challenging market environment, yet. The numbers don’t lie. According to the latest data from China Association of Automobile Manufacturers (CAAM), sales of independent-branded passenger vehicles in the first seven months of 2012 were flat. Their market share was down 2.6 percentage points to

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OEM consolidation unlikely in next decade

BEIJING – Mergers and acquisitions among Chinese OEMs will be unlikely in the next decade, according to several speakers at CBU/CAR’s 2012 Global Automotive Symposium© (GAS 2012) held in Beijing in April. “The market is still growing rapidly and everyone can still get a cut of the market share, whether

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Independent branding, new energy vehicles and capacity control

BEIJING - China's State Council released the Automotive Industry Readjustment and Revitalization Plan (the Plan) on March 20, 2009. Drafted on January 20, decision makers in China are well aware of the increasing role of the automotive industry as a driver of the national economy to have

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