myLot Discussions
| Moderate growth forecast for auto sales | | China's auto industry is expected to grow at a moderate pace this year amid concerns about oversupply and fierce market competition, according to a new report. In an attempt to address the worries, the government said it will offer tax and other incentives as it seeks to shore up one of China's most important industries. Vehicle sales in the world's third-largest auto market are expected to reach 6.4 million units this year, up 13 percent from 2005, according to the China Association of Automobile Manufacturers. The growth rate of the auto industry has slowed considerably over the past two years as the government pressed the banks to restrict auto loans and took other steps to slow the booming sector. Gone were the heady days of 2003 when Chinese carmakers sold 4.39 million vehicles, up 34.21 year from the year before. In 2004, sales grew only 15 percent and were up 12... | |
| | Can you beleive that, The American Auto Company's want another 25Bil | | Dollars to bail them out of debt. What a joke!! They already got 25 Billion dollars and now they want more. Somthing is wrong with this Picture!!
I don't feel sorry for them at all. They cut there own throat when they decided to send good paying jobs outside the USA. Plus Auto Worker Unions who have destroyed Companys who did not comply to higher wages and benefits. They had 30 years to develop and build Energy efficient Cars and Trucks.
The three Auto makers continued to go down same old path. Not giving what the public wanted. More energy efficient and affordable vehicles.
Sorry, but I as a tax payer,I say, no more money. The government should not support them any longer.
I'll keep buying Toyota!! | |
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