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Report of Chinese Automobile Industry under International Financial Crisis, 2009

The International financial crisis in 2008 has seriously affected the global automobile industry. Four largest automobile companies lost their previous prosperity and looked for breakout to save them. There is no exception for Chinese automobile industry, which is still in its rising period.

In 2008, the yields of Chinese automobile were 9.3451 million, increased by 5.2% of last year. But the growth speed decrease by 16.8% of last year. The total automobile sales volumes reached to 9.38 million, rising by 6.7% compared with 2007, but the growth speed declined by 15% compared with 2007. There was a sharp reduction in the profits of Chinese automobile manufacturers. 

In 2008, FAW Volks, Shanghai Volks and Shanghai GE stood the top three sales volumes respectively in Chinese automobile market. However, the independent brand, such as Chery, dropped in market shares, totally accounting for only about 25.92% in the whole automobile sales volumes.  

In order to promote the development of Chinese automobile manufacture under international financial crisis, Chinese government approved the Revitalization Plans of Automobile Industry in January of 2009. The major contents concluded: reducing the purchase tax of passenger automobiles with low emissions; offering purchase subsidy policy to specific targets so as to promote automobile consumption; advancing Mergers and acquisitions among automobile industry; supporting Chinese automobile manufacturers to develop independent innovation and technical reform; driving the development of electric powered automobiles and its crucial accessories; supporting Chinese automobile manufacturers to develop independent brands; speeding up the export base construction of automobile and accessories.

Compared with the international automobile patterns, China is getting to be the manufacture center and cost center. Under the existing circumstances, Chinese automobile manufacture has an advantage of low cost compared with the developed countries. However, various costs are rising in Chinese automobile industry. As far as accessories are concerned, China has no advantage in the high quality accessories. The medium quality accessories have been developed in recent years. China has to compete with India and Vietnam in the low quality manufacture, such as batteries and tires etc.

From the part of Chinese automobile industry, international financial crisis is not only challenges but also opportunities. Chinese automobile market has a huge development potential in the fields of Mergers and acquisitions, accessories and new energy automobiles. 

The analysts of our company cooperated with some experts in Chinese automobile industry to write this report, with the purpose of helping the domestic and international persons to tide over, discover opportunities in Chinese market, and cope with the challenge from international financial crisis.

Readers can obtain more following information in this report:

- Productions and Sales of Chinese Automobile Industry

- Imports and Exports of Chinese Automobile Industry 

- Favorable Elements for the Development of Chinese Automobile Market

- Unfavorable Elements for the Development of Chinese Automobile Market

- Prediction on the Sales Volumes of Chinese Automobile, 2009-2012

- Influences of International Financial Crisis on the Local Automobile Manufacturers in China

- Influences of International Financial Crisis on the Foreign Funded Automobile Manufacturers in Chinese Market

- Import and Export Trends of

- Sales Targets of Major International Automobile Enterprises in China, 2009

- Short, Medium and Long Term Influences of Revitalization Plans of Automobile Industry on Chinese Automobile Industry

- Subsistent Opportunities of Chinese Automobile Industry under International Financial Crisis

If you are interested in this report, please visit Report of Chinese Automobile Industry under International Financial Crisis, 2009 to get details

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Defining an Antique Car

Having an old car can be a pretty neat experience. Everyone knows that certain older cars might be considered antiques or classics. But how is one to know which is which? It isn’t always easy, especially if you aren’t an especially extreme car lover. Determining if your car is an antique will require some time and research on your part. This is something that tends to be a little fuzzy around the edges and not always so clearly defined. Don’t be surprised if you turn up some conflicting information. Antique cars are not something that everyone agrees on.

The exact definition of an antique car tends to be a highly debated topic. The Classic Car Club of America states that an antique car is one that was manufactured before the year 1948. It is likely that you will come across sites and organizations that do not agree with this and instead have different years listed. If you need the information for insurance purposes then your best bet is to get the details directly from your insurance company. They will have their own regulations and specifications regarding what make your car considered an antique.

Most antique cars are considered to be those that were built before World War I. During the war auto production was brought to a halt and the manufacturing facilities were used to make war vehicles. Those cars made before the war are considered very rare today and many of them are worth millions of dollars due to that rarity. Of course the rareness of a certain model can directly affect if it is labeled as a classic or antique. Availability certainly does play a role in determining what makes a car antique.

There are many neat tidbits of information that comes from antique cars. Many people for instance do not know where the Mercedes received its name from. An Austrian man contracted Daimler to create a fleet of 30 cars for him. He wished them to be called Mercedes, which was the name of his own daughter. This is interesting since that name has once again become a common name for girls. Many don’t know that it started out that way all along.

The early designs of vehicles should be appreciated and respected regardless of their classic, vintage or antique status. They are the direct link to the cars we all love and drive today. The very first cars were nothing like modern day vehicles. They had no windshield and no safety features. It’s astounding to see the way the vehicle has evolved since the days of the original antiques.

It is important to note that a classic car and an antique one are not at all the same thing. They have differing definitions and are not grouped together. Classic cars tend to be sports or muscle cars from the 1950s to the 1970s. However, like antiques, the exact years seem to change depending on your source. Seek out a professional for an expert opinion on antique cars if you find these sources to be lacking.

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