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Daimler, the world's largest truck manufacturer, recorded a 54% increase in vehicle sales in China to 32,000 vehicles in the first nine months of this year. The company's Northeast Asia chairman and chief executive officer, Hua Lixin, said that the global financial crisis has not changed the company's business progress in China and expects further growth next year.
Daimler announced in Beijing that from January to September this year, the total sales of passenger cars in the Mainland, Hong Kong and Macau reached 32,375. Hua Lixin believes that the situation in China is much better than in other countries. The company's products and joint venture operations will be carried out according to the original plan and have full confidence in the Greater China market. He said that the company will launch its Mercedes-Benz car production in southern China in the first half of next year and will introduce its Smart brand series early next year. It is expected that the heavy truck company joint venture with Foton Motor will be approved by the government in the second half of next year.
Daimler signed a cooperation letter of intent with China's commercial vehicle Foton Motor in August this year. It will set up a joint venture company in China, half of the equity, and use the Auman brand. After successful cooperation with Foton Motors, Daimler will have three joint ventures in China, including two commercial vehicle companies and one passenger vehicle company.
The auto industry has been affected by the weak global economy. It has announced that it will cut production and lay off staff and sell assets. Daimler also announced that it will be forced to close factories in Ontario, Canada and Oregon, and lay off 3,500 people. According to data from the German Automobile Industry Association, European vehicle sales fell 4% year-on-year in the first nine months of the year. The month-on-year decline for September alone reached 9%, which was only 1.2 million units.
Relative to the Mainland, the production and sales of the automotive industry still recorded 12.35% and 11.94% growth respectively in the first nine months of this year, with production and sales of 7,313,100 units and 7,229,200 units respectively. In September, the monthly output rose 1.02% year-on-year to 764,700 units, but sales fell 2.74% year-on-year to 751,500 units. The relevant person in charge of the China Automobile Association believes that although the nation’s automobile production and sales have stabilized in the single month of September, there has been a significant increase from the previous quarter, but it is still negative growth year-on-year. Although the production and sales of automobiles exceeded 7 million vehicles in the first nine months of this year, the increase further declined from the previous August, indicating that the overall automobile production and sales situation is still severe. Industry research firm JD Power and Associates also predicted that China’s auto sales growth this year was 9.7%, less than half of the previous year’s 24.1%.
