Chinese Automakers: Half up, Half down
2008-11-26 Source：english.chinabuses.com
As the last quarter of this year begins, many Chinese automakers have found it hard to realize sales targets as well as profit goals established at the beginning of this year. A research report released by Shanghai-based Shenyin Wanguo Research and Consulting Co Ltd claimed that China's entire auto industry is under great profit pressure, based on the analysis of the sales results of the country's top three automakers.
According to Sun Muzi, an auto industry analyst with Essece Securities said only half of the listed Chinese automakers would make considerable profits this year, such as Xiamen King Long Motor, Zhengzhou Yutong Bus, FAW Car, Sinotruk, Weichai Power, and Beiqi Foton Motor. And the other half, including SAIC Motor, Changan Auto, Haima Motor, Jianghuai Auto, and Dongfeng Motor, are likely to see a drop in their 2008 profits.
Views:0Editor：Frederick
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