During the year 2009 restructuring plan introduced automobile market

View PDF | Print View
by: kristenwards657
Total views: 2
Word Count: 642
Date: Sat, 12 Feb 2011 Time: 3:49 PM
0 comments

China to 15 major car companies into less than 10 plans are advancing, will be introduced before the end of this year car company merger and restructuring plans. Ministry of Industry and Information Technology (the Ministry of Industry), Deputy Minister of Miao Wei April 19 Forum at the Shanghai International Auto Show, said. China to 15 major car companies into less than 10 plans are advancing, will be introduced before the end of this year car company merger and restructuring plans. Ministry of Industry and Information Technology (the Ministry of Industry), Deputy Minister of Miao Wei April 19 Forum at the Shanghai International Auto Show, said. Miao Wei said, at present, the Ministry of Industry has launched to further promote corporate restructuring vehicle guidance, will accelerate the introduction of various policy measures to promote the proper settlement of the placement of surplus production personnel to address the transfer of corporate assets, debt resolution approved and disposal issues, support for auto companies through mergers and acquisitions to integrate product resources to enhance competitiveness. Miao Wei said that in the automobile industry restructuring and revitalization plan for increasing the concentration of Chinese car companies made a clear request that the current 15 large enterprises into 10 cars less, but there are many problems need to be addressed. Such as tax issues, a business enterprise by other provinces in the car after the merger, tax revenue is handed over by the unified headquarters or remain in place. "The problem is not resolved, very difficult to get local government support. There are many issues like this." He disclosed that before the end of this year, the State Council will be issued car company merger and restructuring plans. Miao Wei said the history of unprecedented global financial crisis on China's industry has had serious impact. China's auto market in the third quarter of 2008 began a rare negative growth, focusing on enterprise efficiency decline, exports dropped significantly, its own brand enterprises and SMEs encounter great difficulties. Crises of course with the shrinkage of the external demand, but also the development of China's auto industry itself among the existing contradictions and problems related. Such as irrational industrial structure, technological level, capacity for independent innovation is weak, imperfect consumer policy issues are also important causes. Therefore Miao Wei said that China's auto industry restructuring and revitalization plan, is to maintain growth, expand domestic demand, readjusting the structure organically combined consumption through the implementation of active policies, stability and expansion of consumer demand for cars, to structural adjustment the main line, to promote consolidation and reorganization of enterprises, accelerate the technological transformation and innovation key links to support enterprise development independent brand, and promote new energy vehicles and critical industrial parts, forming a new competitive advantage. In the implementation of technological transformation, the automotive restructuring and revitalization of the central government will clear the next three years, arrange 10 billion yuan of special funds to support the technological transformation of automobile production enterprises, technological progress, and new energy vehicles and the development of specific parts. Miao Wei said, involving local auto funds for technological renovation of enterprises continue to be approved next week, involving the central car business technology projects the organization will deploy next week. 2009 first quarter, as the central launched the displacement of 1.6 liters and below half the cars and car purchase tax subsidies countryside motorcycle, car sales showing a gradual upward trend, passenger car sales up from last year Double growth. Displacement of 1.6 liters and below a quarter of total passenger cars sold 1.41 million, compared with an increase of 21.7% over the same period last year, accounting for three-quarters of the entire passenger car market share, pulling effect on the market significantly. Miao Wei said, if a period of time in the implementation of these policies on the car sales market after the stimulus is gradually cooling, it will consider the introduction of more powerful incentives.

About the Author

cam balkon