China to become No. 1 car producer in 2009

  • 27-Mar-2009 02:58 EDT
GMSGMCN_08.jpg

General Motors Corp. accounts for a large share of total production in China.

With 9.3 million cars produced, China surpassed the U.S. in production last year and will overtake Japan this year to become the world leader, according to a forecast issued by iSuppli Corp. March 26. Its overtaking of the U.S. was a "major milestone in China's economic ascendancy and the U.S.'s industrial decline," said Egil Juliussen, Director and Fellow, Automotive Research, iSuppli. He noted that while the U.S. has been outsourcing production, China has been increasing domestic production—doubling it over the past five years. Although production in China is expected to fall to 8.7 million units in 2009, even greater production declines in the rest of the world, including Japan, will leave it standing at the top, according to iSuppli.

Sector:
Topic:
Mentions:
Share
HTML for Linking to Page
Page URL
Grade
Rate It
3.00 Avg. Rating

Read More Articles On

2018-02-14
Boeing and Airbus forecast a worldwide demand for up to 40,000 new aircraft over the next two decades. With a 10-year production backlog and new aircrafts increasingly counting on lightweight composites, manufacturing companies are developing advanced sandwich-structure composite solutions to fill the production gap.

Related Items

Technical Paper / Journal Article
2011-05-17
Training / Education
2017-10-27
Training / Education
2017-11-01
Article
2017-09-15
Technical Paper / Journal Article
2009-05-19
Book
2009-02-16
Article
2017-09-27
Training / Education
2017-10-23
Standard
1987-05-01
X