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The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobilemanufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobilemanufacturers. However, the. pollutants.I
The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. Sales of China’s domestically-made automobiles totaled 1.09
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of AutomobileManufacturers (CAAM). People’s Daily. Official figures for vehicle production and sales are scheduled for release next Monday.
The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.
With the multiple state owned automobilemanufacturer partners it would be a simple process of handing the keys over to the factory and the corporate office. Chinese central Bank stimulus programs have amounted to nothing and the consumer is flat demoralized and tapped out. @John Hanna In reply to John Hanna.
In 2009, China overtook the United States as the world’s largest automobile market with sales increasing 46 percent from 2008 to 13.6 million vehicles in 2009, according to the China Association of AutomobileManufacturers. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation.
A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year.
Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. —Eric-Mark Huitema, Director General of ACEA, the automobilemanufacturers’ association. We need a coordinated relaunch of industrial and retail activity, with maintained liquidity for businesses.
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