Customer Service Chat
Get quote & make Payment
answer related to the article , Microeconomics
In the following article , I want you to comment on the type of market structure and whether Kinked Demand apply and what will possibly be the market share for GM and VW? ""In case you didn''t know, Volkswagen is hell-bent on becoming the largest automaker in the world. The German carmaker has inched closer to that goal, having outsold General Motors in China last quarter for the first time in eight years. Volkswagen''s sales in China, its largest marker, increased by 21 percent last quarter to 704,991 units. Those numbers almost tripled GM''s third-quarter growth, and were enough to beat out the American automaker''s 664,765 sales. GM, however, still leads in year-to-date sales in China by a slim margin of around 77,000 units. The Asian nation also happens to be GM''s largest market, and according to the report in Automotive News, China''s car market may grow to be larger than the US, Japan and Germany combined in three years'' time. About the news his company was bested in China by VW last quarter, GM CEO Dan Akerson is quoted saying, "It''s not whether you''re the biggest car manufacturer. It''s whether you want to be the most profitable." It should be noted of these figures that GM includes truck figures, yet excludes Hong Kong and Macau from its Chinese sales numbers, while VW does just the opposite. Through September of this year, Volkswagen had 5 of the 10 best selling vehicles in China. GM boasted three of the cars on that list. One car not on China''s Top 10 list is the Malibu. Though GM''s second-best selling car in the US, it has been called a "disaster" by Lin Huaibin of IHS Global Insight. The roughly 29,000 units sold were apparently unable to hang with VW''s Skoda competitor. The Automotive News report cites anti-Japanese sentiments and older GM product as reasons for Volkswagen''s third quarter rally. Other brands with increased sales included Hyundai, Kia and Ford, citing that the jump in sales for these brands helped their parent companies counter losses incurred in the beleaguered European car market."
Posted Date: 12/9/2012 7:11:17 AM | Location : United Arab Emirates
Ask an Expert
answer related to the article , Assignment Help, Ask Question on answer related to the article , Get Answer, Expert's Help, answer related to the article Discussions
Write discussion on answer related to the article
Your posts are moderated
Write your message here..
Calculate wi’s cost of debt and wacc, 1. Introduction Wood Investm...
1. Introduction Wood Investments (WI) is a private equity fund that specialises in the leveraged acquisition of publicly-quoted companies with the intention of producing h
Competitive firm, Ask question how do I find the Price
Ask question how do I find the Price
Allocation of a countrys resources to the price mechanism, What are the adv...
What are the advantages of leaving the allocation of a countrys resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or pr
Concepts used in macroeconomic analysis, what is ratios GNP? what is use of...
what is ratios GNP? what is use of models in macroeconomics?
Forms of globalization, Globalization: A generalized historical process by ...
Globalization: A generalized historical process by which more economic activity occurs across national borders. Forms of globalization include international trade (imports and expo
Sources of external economies of scale, Sources of external economies of sc...
Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci
Consumer equilibrium.., assignment on consumer equilibrium
assignment on consumer equilibrium
Macro, supply and demand
supply and demand
Macroeconomics, 8,000,000 people in the population who are 16 yrs of age an...
8,000,000 people in the population who are 16 yrs of age and older. 80% are willing to work. Currently 10% unemployment rate. a. how many people in labor force? b. How many are un
Game, Suppose that there are n bidders whose valuations vis are drawn indep...
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.