The International financial crisis in 2008 has seriously affected the global automobile industry. Four largest automobile companies lost their previous prosperity and looked for breakout to save them. There is no exception for Chinese automobile industry, which is still in its rising period.
In 2008, the yields of Chinese automobile were 9.3451 million, increased by 5.2% of last year. But the growth speed decrease by 16.8% of last year. The total automobile sales volumes reached to 9.38 million, rising by 6.7% compared with 2007, but the growth speed declined by 15% compared with 2007. There was a sharp reduction in the profits of Chinese automobile manufacturers.
In 2008, FAW Volks, Shanghai Volks and Shanghai GE stood the top three sales volumes respectively in Chinese automobile market. However, the independent brand, such as Chery, dropped in market shares, totally accounting for only about 25.92% in the whole automobile sales volumes.
In order to promote the development of Chinese automobile manufacture under international financial crisis, Chinese government approved the Revitalization Plans of Automobile Industry in January of 2009. The major contents concluded: reducing the purchase tax of passenger automobiles with low emissions; offering purchase subsidy policy to specific targets so as to promote automobile consumption; advancing Mergers and acquisitions among automobile industry; supporting Chinese automobile manufacturers to develop independent innovation and technical reform; driving the development of electric powered automobiles and its crucial accessories; supporting Chinese automobile manufacturers to develop independent brands; speeding up the export base construction of automobile and accessories.
Compared with the international automobile patterns, China is getting to be the manufacture center and cost center. Under the existing circumstances, Chinese automobile manufacture has an advantage of low cost compared with the developed countries. However, various costs are rising in Chinese automobile industry. As far as accessories are concerned, China has no advantage in the high quality accessories. The medium quality accessories have been developed in recent years. China has to compete with India and Vietnam in the low quality manufacture, such as batteries and tires etc.
From the part of Chinese automobile industry, international financial crisis is not only challenges but also opportunities. Chinese automobile market has a huge development potential in the fields of Mergers and acquisitions, accessories and new energy automobiles.
The analysts of our company cooperated with some experts in Chinese automobile industry to write this report, with the purpose of helping the domestic and international persons to tide over, discover opportunities in Chinese market, and cope with the challenge from international financial crisis.
Readers can obtain more following information in this report:
- Productions and Sales of Chinese Automobile Industry
- Imports and Exports of Chinese Automobile Industry
- Favorable Elements for the Development of Chinese Automobile Market
- Unfavorable Elements for the Development of Chinese Automobile Market
- Prediction on the Sales Volumes of Chinese Automobile, 2009-2012
- Influences of International Financial Crisis on the Local Automobile Manufacturers in China
- Influences of International Financial Crisis on the Foreign Funded Automobile Manufacturers in Chinese Market
- Import and Export Trends of
- Sales Targets of Major International Automobile Enterprises in China, 2009
- Short, Medium and Long Term Influences of Revitalization Plans of Automobile Industry on Chinese Automobile Industry
- Subsistent Opportunities of Chinese Automobile Industry under International Financial Crisis
If you are interested in this report, please visit Report of Chinese Automobile Industry under International Financial Crisis, 2009 to get details
Report of Chinese Automobile Industry under International Financial Crisis, 2009
2010 Toyota Venza V6
Recently, Tim Horton’s offered its Canadian customers the chance to win a Toyota Venza in the latest round of its “Roll Up The Rim To Win” contest. You know the drill: peel back the lip of your coffee cup and you could find yourself behind the wheel of Toyota’s newest crossover vehicle….apparently, 35 Venzas in total will be given away.
So what did you get if you were one of the lucky ones? I’m not sure, but it looks like a compact wagon with oversize wheels and tires, is available with all-wheel-drive, is manufactured in Kentucky, and built on the Camry platform.
There are two engine choices: a 2.7 litre four cylinder and a 3.5 litre V6, and you can choose from front-wheel-drive or all-wheel-drive. My tester had the latter engine with FWD, but the former may be the largest in-line four-banger on the market these days. Normally, manufacturers run into all kinds of engineering issues when four cylinder engines get up into displacement this large….usually in the form of vibrations and harmonics. Big in-line four cylinder engines tend to rock and roll and often need internal counter-balancers to smooth everything out. I haven’t had the chance to drive the I-4 model yet, but I’d like to just to see how Toyota has dealt with this problem.
But back to the V6. This engine is used elsewhere in the company’s model line-up, and in this configuration, develops 268 horsepower. It’s mated to a six-speed automatic transmission only, and features things like a transmission cooler, adaptive shifting, and a Hill-Start Assist Control. This last item prevents the vehicle from rolling backwards when you’re stopped on a hill and has been used by Subaru for years, albeit in a slightly different form. It’s standard on all models. The adaptive shifting feature, meanwhile, will hold the transmission in a lower gear when climbing a hill under load as well as automatically dropping it down to a lower gear when descending. Also a common feature with many manufacturers these days, but welcome, just the same.
What struck me about this drivetrain was how lively it was. Despite its 1755 kilogram weight, the Venza is blessed with all kinds of snap and this engine redlines at 6200 rpm. Kick it down into passing gear and you’ve got a rocket on your hands, with maybe a titch in the way of torque steer when driven with enthusiasm. The V6 version can also tow up to 1587 kilograms and, like all Toyota V6 powerplants, is smooth, quiet, and civilized.
Reasonably high standard equipment level as well. For its just under $30, 000 base price, the V6 model comes with a climate control system, heated mirrors, tilt/telescoping steering, power adjustable driver seat, cruise control, power door locks, and a full tank of gas. All kinds of airbags to front, side, side curtain, and knee….front and back. Surprisingly, heated front seats are an option. My tester also had the “Premium” package, which includes a back-up camera, a decent-sized power sunroof, and power rear door.
The Venza seats five, and the back seats fold down 60/40 fashion, either via a couple of levers located on the sides of the rear cargo compartment or by pulling up on a lever on the sides of the seats themselves. Again, kind of cool and simplicity itself. So many vehicles of this stripe make you struggle when you want to open things up and I’m surprised someone hasn’t thought of this before. Full marks here.
In fact, there’s isn’t much to complain about inside, period. The shift lever is set halfway up the centre console and is easy to get at and quite usable. I was slightly surprised Toyota hasn’t installed a column shifter here, but it doesn’t seem to make much difference either way. A multi-information display is located atop the dash and it tells you things like outside temperature and whether or not one of the doors is ajar. You can also adjust the size of the display itself, which is kind of cool. After I had driven this car for awhile, it struck me how thoroughly Toyota has mastered the craft of making automobiles. I’m not sure the market needs a rig like the Venza, but either way, Toyota knows what customers want and gives it to them. In this case, I suppose the Venza is aimed at those folks who want a bit more room to carry stuff, but have had it with mini-vans and oversize SUVs.
Aside from the fact that the wheels look kind of freakishly large and the V6 is a little headstrong under hard acceleration, I can find little to complain about with the Venza. It’s easy to get in and out of, comfortable once you’ve settled in, reasonably roomy, and smooth in operation. Some may find the interior fittings a little on the bland side, but that’s not news. Toyota has always aimed for the middle ground and mainstream buyers; it knows its markets and the current economic downturn notwithstanding, has the numbers to prove it.