car industry outlook 2019The 2008 economic and economic crisis hit the US automotive business hard – particularly the Huge Three” automakers General Motors, Ford and Chrysler. When the situation of the looming trade war was raised, Ong stressed that Miti’s focus on automotive exports is precisely to address the issue and make sure that there will not be a slowdown in Malaysian exports. The Ministry of Business and Info Technology, China’s leading sector regulator, said on Wednesday that it is optimistic about the nation’s automotive sector in 2019, with demand from modest cities expected to grow although a lot more old car models will exit the market place this year.
The international automotive memory market place is witnessing the presence of numerous players that compete on a value basis. The stringent safety and emission norms are encouraging the vendors to diversify their solution portfolio to reach the maximum number of customers in the international industry. The presence of worldwide and domestic OEMs that usually compete in terms of costs and product differentiation is intensifying the competition in the marketplace. The leading companies are expanding their organizations to emerging nations to reach the maximum number of customers and boost their profitability in the worldwide automotive memory market place.
MANILA – The Chamber of Automotive Producers of the Philippines, Inc. (CAMPI) expects the neighborhood motor car sector to recover in 2019 soon after the implementation of tax reforms at the commence of this year, which reportedly caused a slump in automobile sales. …Read More