Fastener Shanghai
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->U.S. automakers see great opportunities in ChinaYou are the 567698 visitors
Views:535   |   recommendation:   |   Votes:0   |   Discuss:0
U.S. automakers see great opportunities in China

U.S. automakers saw great opportunities in Chinese market as the trade issue between China and the United States appears to be moving into a new, calmer phase, automotive executives have told Xinhua.

The good news is that both sides have agreed to "stand down, to not change tariffs, to work together," said Ford CEO Jim Hackett.

CEO for Fiat Chrysler Automobiles (FCA) Mike Manley was happy to hear a change in tone in the negotiations between China and the United States.

"Obviously I'm pleased they're going to enter a period where the discussions are going to start up again and we'll see what happens there," he said.

"China for us is a relatively small part of our business so it really represents a significant opportunity. What we're working on is how to unlock that opportunity for us. So we saw a drop in the Chinese market for the first time in 30 years, something like that, last year. This year, I think they're going to be flat and they'll still be number one in the world," he said.

Herbert Diess, CEO for Volkswagen AG, echoed the sentiments of other executives. He believes that improved relations between the world's two largest economies will benefit not only both countries, but the global economy.

Source: Xinhua

2019/1/28 16:14:00

Previous:    Fastenal Reports Revenue on the Upswing
        Next:    Taiwan’s Fastener Export Reached New High in 2018

Recent Related News
China's auto sales continue to fall in November--2018-12-11
Donald Trump's tariffs will cost Ford $1B, CEO Jim Hackett says--2018-10-31
China's automobile imports surge in July--2018-08-31
Foreign firms cash in on China's manufacturing sector upgrades--2018-06-04
China's latest move on trade is a massive cut to car tariffs--2018-05-23
Vietnam's auto import falls in 4 months--2018-05-04
China working on "substantial" cut in auto tariffs: official--2018-04-28
Car production in Spain falls by 4 percent in February--2018-03-29
More policies expected to foster growth of green vehicles--2018-03-20
China's auto sales fall in February due to holiday--2018-03-15
China's auto sales post double-digit growth in January--2018-02-23
China plans to industrialize smart car technology--2018-01-23

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India

Show Room

Offer Product

Latest News
• Japanese KTC Works with Hitachi on AR-Enabled Bolt Fastening System

• Japanese KOBELCO to Increase 30% of Wire Capacity in China

Buyers' Guide
Company News

• Dongtai Huawei Standard Component Corporation Develop New Products, Target on Mid and High-End Markets

• Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide

The Way to Enter Chinese Market
The Way to Enter Chinese Market