Role of China's car market for the American automobile industry is growing as demand for cars in the United States and Europe, writes the newspaper The Wall Street Journal.
For
problem of American avtokontsernov, especially General Motors, the Chinese market may be the last means of salvation.
Sales of passenger cars in China were one of the factors that have enabled GM lasted from January to June, before he was declared bankrupt automakers voluntarily under the supervision of U.S. government.
During the first half of this year, GM sold in China to 38% more cars than during the same period of 2008 - Thousands of 814.44, placing a new record for sales in the markets of Asia.
GM China Group President Kevin Whale expects the release of new models of cars on the Chinese market will enable us to achieve even greater sales growth in the second half.
Government measures to stimulate demand had a positive impact on the automobile market in China. In January, China has twice reduced the tax on the purchase of small cars - up to 5%, and also introduced a program of subsidies for rural people.
Sales of cars in China in January-May increased by 14% compared to the same period last year and reached 4.96 million
Sales of new cars on the basis of June in the United States declined by 28% - up to 860 thousand, including the sale of GM vehicles in the United States in June were 33% lower than a year ago.
GM increased sales of cars to 61.6% in June, and plans for the next 5 years is to double to 2 million cars a year. Growth for 2008 as a whole amounted to 6% - to 1.09 million vehicles.
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