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Chinese automakers aren't helping the nation's supply glut, delivering 1.28M units to auto lots...

Chinese automakers aren't helping the nation's supply glut, delivering 1.28M units to auto lots in May, up 23% Y/Y. Right now, distributors have contractual targets to meet, but at some point auto production is going to have to be cut back. Needless to say, manufacturers are (publicly) more optimistic than retailers at the moment.
Comments (1)
  • Jason Tillberg
    , contributor
    Comments (1245) | Send Message
     
    When I worked in manufacturing in 2000, we made PCBs for Chrysler and our warehouse was filling up big time with their boards, which were on consignment.. the writing was on the wall we were headed for a slowdown and sure enough, it came..and so did layoffs at the company.

     

    Even bigger was Intel orders that were huge in the first half of 99' and they came to a grinding halt as they way over estimated their demand.

     

    While this company was humming in early 99'.. that ended up being the top.. 2007 it went bankrupt.
    11 Jun 2012, 12:42 PM Reply Like
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