China auto market

  • Year-end reports for 2015 in the media bemoaned the economic slump in China, especially concerning the drop in new car sales. However, Chinese consumers still have spending power and the explosion of vehicle sales in China will create a vast automotive aftermarket well into the future.
  • Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. (CAIEC), formed a joint venture, Federal-Mogul CAIEC Automotive Technology Services (Beijing) Co., Ltd., focused on automotive aftermarket vehicle repair business within China.
    Federal-Mogul Motorparts
  • China is seen by most of the world's automotive OEMs as the engine that will drive sales growth over the next decade. However, a recent slowdown in sales is putting the pinch on Chinese auto dealers, and they are asking the automakers to provide cash assistance to keep them afloat.
    Brian Albright
  • The Auto Care Association co-hosted the 2014 Global Auto Care Summit (GACS) in Shanghai, China. 
    Auto Care Association
  • Magneti Marelli said its turnover in 2012 reached 287.4 million Euros, an increase compared to the 240.7 million Euros recorded in 2011 and 232 million Euros in 2010.