Investing
China Car Market: What If Everyone's Market Share Goes Up 100%
Published:
Stocks: (GM)(F)(TM)(HMC)Toyota says that its market share in China should rise 30% next year to about 400,000 cars. Ford says its share there should double next year. It has sold 118,000 cars through October. GM says it will increase it current share in Asia from 6.5% to 10% with most of the unit increase coming in China.None of this includes the plans of companies like Nissan, VW, or DaimlerChrysler. Not to mentions the locals.Perhaps China is growing so fast that all of the major car companies can reach a share of 100% in the huge Asian country. But, if that doesn’t work, someone is going to be disappointed.You can count on it.Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
