Chinese automakers lose market share at home

Geely Automobile predicts deliveries in 2014 will rise 6% to 580K, a mark which falls below the forecast by the China Association of Automobile Manufacturers for a 8% to 10% rise in China

Chinese automakers lost market share to General Motors (GM) and Ford (F) at home last year with their models not quite as competitive and could slip further in 2014.

Overall, domestic sales in China are expected to top 22M vehicles in 2014.

From other sites
Comments (3)
  • Engineer&Far
    , contributor
    Comments (172) | Send Message
    Let's hope the Chinese government doesn't react to this by 'suppressing' the barbarians. They have been xenophobic...for thousands of years.
    14 Jan 2014, 10:48 AM Reply Like
  • Flylooper
    , contributor
    Comments (8) | Send Message
    "Overall, domestic sales in China are expected to top 22M vehicles in 2014."


    22 million in one freaking year? Good Lord. We're all screwed.
    14 Jan 2014, 11:36 AM Reply Like
  • cbroncos
    , contributor
    Comments (3025) | Send Message
    Why are we all screwed? China has billions of people, not millions like the USA. 22 million out of 2 billion is not a lot. Ford understands that and that is why the big cap ex.
    14 Jan 2014, 02:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs