|
|
Article: MOTORCYCLE INDUSTRY NEEDS GOVERNMENT SUPPORT
- Article from:
- AsiaInfo Services
- Article date:
- January 1, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
01-01-2009
Motorcycle Industry Needs Government Support
CHONGQING, Jan 01, 2009 (SinoCast Daily Business Beat via COMTEX) -- Amid the financial crisis, the fragile Chinese motorcycle industry is suffering from severe strike, since overseas motorcycle demands are withering.
A report from the China Association of Automobile Manufacturers (CAAM) shows that 36 of the 113 monitored motorcycle manufacturers, representing 31.86% of the total, have incurred losses by the end of September 2008. Some smaller companies are on the edge of bankruptcy or have shut down.
In November 2008, China's motorcycle exports reached 524,600 units, dropping 149,200 vehicles from a month earlier and ...