Asia and China opportunities

Asia and other developing countries, as well as the low cost of the rapid development of the automotive market as the main reason for attracting parts enterprises. China is particularly evident advantage of this, China is already the world's second largest auto market, global vehicle giant China has been gathered.

According to foreign news, France announced Faurecia auto parts to the first half of this year the financial data and cost-cutting plan, and has plans to 2010 will come from low-cost countries parts procurement ratio from the current 32 per cent to 50 per cent. At present, Faurecia has been in Changchun, Wuhan, Shanghai, Wuxi and other areas set up nine factories.

Visteon will also gradually increase its share of business in Asia. By 2009, Visteon will have 40 percent of its business from the Asia-Pacific region (including joint venture sales), Visteon last year to its international electronic products Group headquarters to Shanghai soon after made the above forecast. Visteon said that by 2009, they will have one-third of its sales from Europe, while only 26 per cent of its sales from the North American market.