On September 10th, under the current slowdown of China's auto market growth, GM and Ford Motor Company's new plant in China will soon be put into use to ensure its long-term development prospects.
Consulting firm Alix Partners said that because GM and Ford rely on the Chinese market as their growth market, if the Chinese auto market experienced a sharp decline before the end of the year, it could have a huge impact on the two manufacturers. Recent research released by AlixPartners indicates that US automakers are eager to expand their domestic production scale in the near future, hoping to protect the long-term prospects of the future and the slow market they are facing now. The study also pointed out that the company needs to ease the problem as soon as possible, because even if the car sales are stable, automakers will still be in trouble due to increasing price pressure.
It is reported that in less than a year, China has already changed from the gold mining area of ​​the automobile industry to the conventional traditional market, which has experienced unsalable sales, price wars and other problems, and the growth rate is also declining.
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