Auto Parts Blog

Posts Tagged ‘China Auto Part’

BEIJING (Dow Jones)–While slowing demand hurts auto-parts makers in developed countries, the stars are aligning for Chinese auto-parts companies, once considered too inexperienced to supply global auto makers, to increase their share of the global auto-parts business.

China’s emergence as the world’s No. 1 auto market has broadened the market for domestic parts suppliers, enabling them to market to economies of scale. At the same time, Chinese suppliers, whose products have gained in quality and sophistication, can expand cheaply, buying up distressed companies and thereby improving their technologies further.

“China is becoming increasingly competitive” as a source for parts, said Ford Motor Co.’s (F) John Parker, executive vice president for Asia-Pacific and Africa. “The overall quality of products continues to improve.” Read the rest of this entry »