Monday, April 18, 2011

Global Showcase Of Shanghai Auto Show

Car manufacturers in China and around the world advertised their latest models on Tuesday, the Shanghai auto show started with the industry increasingly focused on the Chinese market leader in the automotive world.

world premieres in the show include retro Volkswagen New Beetle, New Malibu General Motors, Chevrolet, Buick and its one China Baojun Imagine 630, while France is the launch of Citroën PSA DS5.

"China continues to present an unprecedented opportunity for our company - and our competition," said Tim Lee, the Shanghai-based president for GM's international operations.

Before the Auto Show in Shanghai in 2009, China has overtaken the U.S. market the world's largest car and the event has become one of the largest car exhibition in the world.

Serve with the hope of further growth of China, General Motors announced Monday that it was more than double its car sales market leader in China in 2015.

GM China, Kevin Wale, president of the group said that the American auto giant aims to build "the unprecedented opportunities offered by the Chinese market and sell around five million cars by 2015, compared with $ 2.35 last year.

Car sales in China increased by more than 32 percent last year reached a record 18.06 million units of power as the country's rapid economic growth, away from the global economic slowdown.

Show, which opened on Tuesday, the media will cover 230,000 square meters (2.5 million square feet) of exhibition space, organizers said.

About 2,000 cars and parts manufacturers from 20 countries participate, with 75 new car models, 19 of them making their world premiere. A total of 1,100 vehicles will be exposed.

The organizers expect 700 000 people visit the show in six days, which is open to the public starting this Sunday.

As shown by the cars, the first since March 11 earthquake and tsunami in Japan, where many automotive components are made in Shanghai also heavy industry and analysts to assess the impact of disasters in the sector.

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