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Chinese Automobile Company Hawtai Motor Group is preparing to enter on the European car market
Wednesday, 04 May 2011 17:55

 

Today was reached a preliminary agreement to sell a 29.9% stake in the concern Spyker Cars, owning the automotive company SAAB, to Chinese auto company Hawtai Motor Group for 150 million euros. The difficulty of Spyker Cars began when experiencing difficulties with payment for the supply of parts for production of SAAB cars. Chinese Automobile Company Hawtai Motor Group, through this transaction, plans to will get access to European technologies, that significantly will raise the quality of Hawtai Motor Group cars. As we know, the poor quality - the main problem of Chinese automakers. It is because of the low quality of Chinese cars, the Russia became the main foreign market for Chinese cars. In Europe and the USA Chinese cars do not want to buy. Since 2006, Chinese cars can not pass the crash test EuroNCAP, which allows to estimate the complex state of the vehicle after the front, rear and side impacts, as well as to test the effectiveness of security systems subsidiary. In spring 2010, during a routine crash test, the Chinese car Brilliance BS4 received 0 points for safety. To solve the problems of quality, Chinese manufacturers are willing to buy Western automotive technologies, which is then used to create automobiles. So, BAIC company bought the rights to use technologies of Saab. According to forecasts, by 2020 the share of Chinese cars in the world market could reach 30%. More information about China can be viewed on our forum: http://hainanwel.com/forum/viewforum.php?f=56


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