World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
Keywords: China Auto Market, China Auto,
With China's automobile market declining for the fifth month in a row, and trade tensions rising, it now appears that carmakers such as Ford expanded too quickly in the Chinese market. Ford, Peugeot, and Hyundai appear to have poorly times their expansion in China, expanding at the tail end of the Chinese boom just ahead of the new Trump administration's efforts to challenge China's lopsided trade balance.
It has become so bad that this report shows workers at a Peugeot factory in China spending their days washing floors and attending Communist political study sessions at work. At a Ford plant workers shifts are reduced to a couple of days a month. Sales grew 3% in 2017 and declined 2% in the first 11 months of 2018, after increases of 14% in previous years taking the market to 28 million in a dizzying ride as it surpassed the U.S. sales of 17.5 million.
Overcapacity is a problem in China with the aggressive expansion. There is capacity to make 43 million cars, but will produce 29 million in 2018, according to PwC, consulting firm. Ford meanwhile put in a new plant in Harbin in 2017, expanding its capacity to 1.6 million a year, but sales peaked at 1.27 million in 2016, and are down 6% in 2017, and 34% in 2018 to about 700,000. While there are no layoffs some workers are making only $220 monthly, forcing them to take second jobs as cab drivers or couriers. Suzuki decided to quit in 2018 exiting China entirely just so it would not pile up losses in what is now a market that is way overblown from the boom years.
Electric vehicle production in the pipeline of about 7.5 million vehicles will compound this problem further with 32 new plants planned by 26 firms.
China's car market in 2010-2012
08/24/2010
Grouped Articles
Renault to Focus on Building SUVs in China
Wall Street Journal 12/16/2013
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
Auto Makers Face Twists in China's Open Road
Wall Street Journal 09/10/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
China Warns of Car-Market Slowdown
Wall Street Journal 04/19/2011
China Carmakers Told to Seek Fuel Efficiency, Not Sales
New York Times 09/04/2011
China's car market 2014-2015
04/25/2015
Grouped Articles
China’s motor industry: The coming crash
Economist 04/25/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
China car sales
04/12/2012
Grouped Articles
Car Sales Weaken in China As the Economy Cools Off
Wall Street Journal 04/12/2012
China’s motor industry: The coming crash
Economist 04/25/2015
China Car Sales Driven Lower by Slowing Economy
Wall Street Journal 09/11/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
The growing market for luxury and premium cars in China
08/19/2010
BMW, Mercedes, Cadillac and other luxury car makers see surging sales of luxury cars in 2012-2014
Grouped Articles
Wall Street Journal 04/19/2013
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
GM to Build Cadillac Plant in China
Wall Street Journal 05/08/2013
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
China Cultivates Taste for German Cars
Wall Street Journal 08/19/2010
Cadillac Drops Wreath Logo for Bolder Crest
Wall Street Journal 01/15/2014
Daimler China.
05/28/2010
Daimler and Mercedes Benz Cars in China.
Grouped Articles
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
Mercedes Delivers Bullish Forecast On China Strength
Wall Street Journal 05/29/2010
Pulling Mercedes Out of a Chinese Ditch
Wall Street Journal 02/03/2014
Wall Street Journal 04/25/2014
Daimler Second-Quarter Profit Rises
Wall Street Journal 07/24/2014
China’s motor industry: The coming crash
Economist 04/25/2015
Cherry Automobile Company
05/17/2006
History and growth of Cherry Automobile Company. Its cars in China's home market and overseas.
Grouped Articles
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
Chinese Car Makers Struggle to Lure Buyers
Wall Street Journal 04/21/2014
Subsidies Stoke China's Domestic Car Makers
Wall Street Journal 05/24/2014
China’s motor industry: The coming crash
Economist 04/25/2015
Foreign Car Factories Curb Output in China
Wall Street Journal 08/24/2015
In China, Chery Automobile Drives an Industry Shift
Wall Street Journal 12/04/2007
China's cars in global markets
04/21/2008
Grouped Articles
Chinese Car Maker Faces Roadblocks in Thailand
Wall Street Journal 03/06/2014
Chinese Cars Out to Conquer World, Potholes First
New York Times 04/21/2008
China Carmakers Told to Seek Fuel Efficiency, Not Sales
New York Times 09/04/2011
In a First, Chinese-Built Cars Arrive in North America
New York Times 12/20/2011
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
China's car market 2010-2015
01/12/2010
China's car market surpassed the size of the American market in 2009. Sales of cars in China's market increased at a breathtaking pace in the last decade, surpassing the U.S. Sales declined in 2015 with the economic slowdown.
Grouped Articles
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
Territorial Dispute Continues to Affect Japanese Car Sales in China
Wall Street Journal 09/11/2013
Renault to Focus on Building SUVs in China
Wall Street Journal 12/16/2013
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
China Car Sales Driven Lower by Slowing Economy
Wall Street Journal 09/11/2015
China Tops U.S. in Vehicle Sales, Aided By Government Incentives
Wall Street Journal 01/12/2010
Increasing loan financed car sales in China in 2014-2015
07/11/2014
Loan financed car sales reached 17% in China for 2013. Loan financed car sales are about 80% in the U.S., 70% in India, 50% in Brazil and Germany, 30% in Japan, 8% in Vietnam.
Grouped Articles
Auto Makers Introduce China to the Car Loan
Wall Street Journal 07/11/2014
China Car Sales Driven Lower by Slowing Economy
Wall Street Journal 09/11/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Oversupply in China's automobile market in 2012-2015
08/24/2010
After years of surging automobile sales a slowdown in China in 2012-2013. This happens as foreign automakers continue to add capacity and reduces prospects of GM, Toyota, and VW in the Chinese market.
Grouped Articles
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
Wall Street Journal 10/23/2010
Toyota Revs Up Ambitious Plans for China
Wall Street Journal 04/21/2014
Subsidies Stoke China's Domestic Car Makers
Wall Street Journal 05/24/2014
China's automobile market in 2014-2015
04/25/2014
Grouped Articles
Wall Street Journal 04/25/2014
Subsidies Stoke China's Domestic Car Makers
Wall Street Journal 05/24/2014
China’s motor industry: The coming crash
Economist 04/25/2015
Foreign Car Factories Curb Output in China
Wall Street Journal 08/24/2015
Economist 08/24/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Global overcapacity in the auto industry: 2011-2013
09/18/2010
As growth slows in China's automobile market there will be growing auto manufacturing overcapacity in China. Worldwide manufacturing capacity exceeds demand by a wide margin. This will pose serious problems in a new downturn.
Grouped Articles
Car Makers Hit the Age Speed Bump
Wall Street Journal 09/18/2010
Wall Street Journal 10/23/2010
China’s motor industry: The coming crash
Economist 04/25/2015
Economist 01/15/2011
Wall Street Journal 02/28/2011
As Firms Rev Up, the Slack Tightens
Wall Street Journal 05/18/2011
China's overcapacity in automobiles in 2018- the gap between 29 million car demand and 45 million capacity
12/26/2018
Grouped Articles
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
China's BYD in electric car batteries.
01/12/2009
Grouped Articles
Daimler Forms China Electric-Car Venture
Wall Street Journal 05/28/2010
China's Tesla Risks Overcharging
Wall Street Journal 11/05/2013
New Rules Lift BYD's Electric-Car Sales
Wall Street Journal 06/09/2014
China's BYD Posts Better Electric Car Sales in First Half of Year
Wall Street Journal 08/26/2014
Shares in Chinese Carmaker BYD Lose $1 Billion in Market Value
New York Times 12/18/2014
China’s Tesla Could Lose Power
Wall Street Journal 08/29/2015
China's car stimulus in 2015 helps foreign manufacturers
08/27/2015
Grouped Articles
Overheard: China’s Two-Speed Car Stimulus
Wall Street Journal 08/27/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
GM China performance
03/28/2006
General Motors has its second largest market in China where it sold more than 1 million cars. In 2007 and sales growth was 21%.
Grouped Articles
Wall Street Journal 04/19/2013
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
GM Shifts Executives Amid International Push
Wall Street Journal 08/02/2013
Unrest May Signal New Phase in China Economy
New York Times 05/29/2010
Wall Street Journal 10/28/2013
Ford Motor's smart car strategy in China in 2015-2016
10/13/2015
Grouped Articles
Ford to Pour $1.8 Billion Into Smartcars for China
Wall Street Journal 10/13/2015
Ford Doubles Profits for the Best Quarter in Its History
New York Times 04/28/2016
Ford Replaces CEO Mark Fields With Jim Hackett Amid Pressure on Profit
WSJ 05/22/2017
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Ford’s Shrinking China Business Is Hurting Its Global Ambitions
WSJ 07/22/2019
Electric car industry in China
01/18/2011
Grouped Articles
U.S. Battery Firm In China Venture
Wall Street Journal 01/18/2011
Long and Winding Road for Electric Vehicles
Wall Street Journal 07/02/2011
Chinaâs Push for Electric Cars Flows Through Grid Operators
New York Times 12/26/2011
Ford CEO: Battery Is Third of Electric Car Cost
Wall Street Journal 04/18/2012
Despite Big Push From Beijing, Electric Cars Struggle in China
WSJ 11/17/2017
Nissan launches first low-cost electric car in China | DW | 27.08.2018
DW.COM 08/27/2018
GM (General Motors) new $5 billion design initiative with SAIC of China in 2015 for lower cost Chevrolet cars
07/29/2015
Grouped Articles
GM, SAIC Plan to Jointly Design New Cars
Wall Street Journal 07/29/2015
Economist 08/24/2015
Overheard: China’s Two-Speed Car Stimulus
Wall Street Journal 08/27/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
China car market Trends
09/18/2007
Behaviour of the Chinese car market. Buyer preferences and habits and changes in the way this market is developing.
Grouped Articles
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
Territorial Dispute Continues to Affect Japanese Car Sales in China
Wall Street Journal 09/11/2013
Renault to Focus on Building SUVs in China
Wall Street Journal 12/16/2013
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
China’s motor industry: The coming crash
Economist 04/25/2015
China's Car-Price Wars Dent Profits
Wall Street Journal 09/18/2007
The smaller impact on oil prices of a slowdown in China as demand from transportation of about 50% of total demand will continue to grow
03/15/2014
The increasing number of cars on China's roads means demand for oil will continue to grow even as the rest of the economy slows down.
Grouped Articles
Oil Stays Thick in China Downturn
Wall Street Journal 03/15/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
A Windfall for China as Commodity Prices Plunge
Wall Street Journal 03/16/2015
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08/27/2015
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Oversupply in China's automobile market in 2012-2015
08/24/2010
After years of surging automobile sales a slowdown in China in 2012-2013. This happens as foreign automakers continue to add capacity and reduces prospects of GM, Toyota, and VW in the Chinese market.
Grouped Articles
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
Wall Street Journal 10/23/2010
Toyota Revs Up Ambitious Plans for China
Wall Street Journal 04/21/2014
Subsidies Stoke China's Domestic Car Makers
Wall Street Journal 05/24/2014
Road construction in China falling behind pace of automobile use.
06/13/2006
Grouped Articles
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
Wall Street Journal 10/23/2010
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
A Driver Explosion Leaves China No Closer to Finding a Fast Lane
New York Times 12/22/2010
Beijing Cracks Down on Car Buyers
Wall Street Journal 12/23/2010
For Auto Industry, Questions About Beijingâs Road Ahead
New York Times 12/29/2010
Rapid deceleration of growth in China's automobile market in 2011-2015
08/24/2010
Growth in the automobile market is estimated at 3% for 2011 by China's Association of Automobile Manuacturers.
Grouped Articles
Luxury Car Makers Brace for Slower China Sales
Wall Street Journal 04/22/2013
Auto Sales Keep Humming in China
Wall Street Journal 05/09/2013
China Traffic Jam Could Last Weeks
Wall Street Journal 08/24/2010
Chinese Car Buyers Should Keep On Motoring
Wall Street Journal 12/26/2013
Wall Street Journal 10/23/2010
Subsidies Stoke China's Domestic Car Makers
Wall Street Journal 05/24/2014
Popularity of minivans in China's automobile market 2013-2015
06/11/2014
Grouped Articles
Wall Street Journal 06/11/2014
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Ford Motor's disaster in the Chinese market by 2019- management out of touch with China's love of technology
07/23/2019
Ford management turnover at CEO and head of China operations and executives from Europe/ U.S. transplanted to China lacking touch with local conditions led to the disaster in the Chinese market with $1.5 billion in losses in 2018 and loss of about half of the Chinese market by 2019. Exuberant expansion as a latecomer hurt Ford, Peugeot and Hyundai, as the Chinese market declined in 2018-2019 with the new Trump administration in conflict with China over trade goals.
Grouped Articles
Carmakers' Rush to China Could Fuel Another Bubble
New York Times 02/27/2011
Ford’s Shrinking China Business Is Hurting Its Global Ambitions
WSJ 07/22/2019
China’s Car Slump Leaves Foreign Auto Makers With Idle Factories
WSJ 12/25/2018
Ford: Riding High on China’s SUV Boom
Wall Street Journal 04/18/2016
Ford to Pour $1.8 Billion Into Smartcars for China
Wall Street Journal 10/13/2015
China’s motor industry: The coming crash
Economist 04/25/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us