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..
Production possibility curve, In 1939 the U.S. economy was operating where ...
In 1939 the U.S. economy was operating where in the production possibility curve?
Demand, what are tne methots of demand forecasting ?
what are tne methots of demand forecasting ?
Determine the optimal strategy for the breeder, Consider a decision faced b...
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
What is meant by minimum wage, What is meant by minimum wage? The min...
What is meant by minimum wage? The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are examined by the forces of sup
Determine the nature of the reflected wave, A spherical wave is reflected f...
A spherical wave is reflected from a planar mirror sufficiently far from the wave origin so that the Fresnel approximation is satisfied. By regarding the spherical wave locally as
Free Responds, Need help with Free responds
Need help with Free responds
True or false, economists would predict that if salaries increased for engg...
economists would predict that if salaries increased for engginieers and decreasded for mba braduates that fewer people would go to graduate school in business and more would go in
Describe the different pricing strategies of firms, Question: (a) With...
Question: (a) With reference to the characteristics of market structure, describe why the market for powdered milk in Mauritius is an appropriate example of monopolistic compe
International development association, International development associatio...
International development association: Part of the challenge entails reorienting surveillance, the process through which the BW institutions policy advice is delivered, to mak
Uncertainty and risk, friedman and savage hypothesis
friedman and savage hypothesis
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.