The trade dispute affecting the Chinese and US auto industries may be cooling off, as the Asian country has announced an end to controversial duties levied on some American-made vehicles. According to Reuters, this was largely in retaliation to US import tariffs on Chinese-made tires in 2009.
Chinese Auto Industry
Though many may not realize the extent of it, the auto business has been booming in China for a while now. General Motors actually sells more vehicles there than they do in the States, and huge market growth in China has been crucial to the bottom lines of all the carmakers that do business there. But according to Fortune, these boon times may be coming to an end.
30Survey: 60 percent of Chinese interested in buying plug-in vehicles, 5 times higher than Americans
Citizens of which country are most likely to buy – or at least consider purchasing – a plug-in vehicle than any other nation? According to a recent survey conducted by Ernst & Young's Global Automotive Center, China leads the way out of all the countries surveyed. Now, you're probably wondering how this can be and might wonder if the U.S. was excluded from the survey, but that's simply not the case. Not only was the U.S. represented, other major players in the plug-in field were
In 2004, China set up an official government body to regulate the business of automobile recalls. Previous to that, some car companies simply wouldn't recall faulty vehicles due to the lack of regulation. The head of that official body recently announced that in the four years it has been tracking recalls, there have been 1.84 million vehicles that needed a little more work done.