Fairtheworld Comments on Auto Industry: China's Automobile Enterprises Are Expanding...

Fairtheworld Comments on Auto Industry: China's Automobile Enterprises Are
Expanding Amidst an Adverse Market Under the Economic Crisis

HONG KONG, July 4 /PRNewswire-Asia/ -- The bankruptcy of Chrysler and GM has
shocked the entire auto industry chain in America. The falling of giants has
set off a chain of bankruptcies of related enterprises on the up and
down-stream. Auto-part makers, such as Hayes Lemmerz, the world-famous maker
of automobile wheels and braking systems, and Lear, the world's biggest
auto-seat maker, are dying off. The U.S. auto industry is on the verge of a
complete collapse.

While on the other hand, China's auto market is taking on a completely
different look. According to statistics in the first quarter of 2009, sales in
China's auto market surpassed that of the U.S. market for the first time. The
whole auto market is growing rapidly, with an expected 18% increase. China's
automobile enterprises have withstood the impact of financial crisis, thanks
to its domestic market. Holding in hand a robustly growing domestic market,
these enterprises are marching into the North American auto industries with a
rich financial basis, and are acquiring automobile companies there as well as
up and down-stream auto-part makers at a very low price.

According to statistics collected by Fairtheworld.com, a handful of consulting
companies are now playing an active role between Chinese and U.S. automobile
companies, aimed at finding Chinese buyers for those mired American automakers
and auto-part makers. This cross-board acquisition move is epitomized by the
recent hot-topic of China's Sichuan Tengzhong Heavy Industrial Machinery
Company buying GM's Hummer Brand.

In response to the latest trend in the international auto industry,
Fairtheworld.com has specially designed an Automobile Hall and opened it in
its "Fair N Fair" 3D Virtual Expo, which is a global e-commerce platform.
Various automobile enterprises are to be arranged at different floors for
exhibition according to their characteristics on the industry chain. While the
U.S. auto companies, at this critical juncture, can talk business with
thousands of high-end auto enterprises around the globe by entering "Fair N
Fair", so as to achieve high-efficient and cost-effective cooperation.

For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com

SOURCE Fairtheworld

Dodona Song, Cell: +86-159-1626-1151, Email: news@fairtheworld.com