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Views on Current Automotive Industry Situation Under the Global Financial Crisis

Cheng Zhen-biao

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Abstract

This paper objectively analyzes the impacts for global financial crisis on the international and domestic auto industry,and outlines main reasons that automakers have suffered severe attacking. Meanwhile,this paper gives the view that automakers should overcome the heavy difficulties resulted from the financial crisis with firmly confidence. The importance and necessity for China auto industry to insist on scientific development are expounded. Only the stable growth is formal and rational development.Stable growth is benefit for strengthening auto industry,responding and adapting to the automotive society coming,and ensuring the healthy development for China auto industry.

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What this paper is about

This paper objectively analyzes the impacts for global financial crisis on the international and domestic auto industry,and outlines main reasons that automakers have suffered severe attacking. Meanwhile,this paper gives the view that automakers should overcome the heavy difficulties resulted from the financial crisis with firmly confidence. The importance and necessity for China auto industry to insist on scientific development are expounded. Only the stable growth is formal and rational development.Stable growth is benefit for strengthening auto industry,responding and adapting to the automotive society coming,and ensuring the healthy development for China auto industry.

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Available abstract

This paper objectively analyzes the impacts for global financial crisis on the international and domestic auto industry,and outlines main reasons that automakers have suffered severe attacking. Meanwhile,this paper gives the view that automakers should overcome the heavy difficulties resulted from the financial crisis with firmly confidence. The importance and necessity for China auto industry to insist on scientific development are expounded. Only the stable growth is formal and rational development.Stable growth is benefit for strengthening auto industry,responding and adapting to the automotive society coming,and ensuring the healthy development for China auto industry.

Key concepts: Automotive industry, China, Financial crisis, Auto industry, Business, Engineering, Finance, Industrial organization

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