综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Cars

Auto JVs to benefit from cheap EU imports

By Liza Lin (China Daily)
Updated: 2010-05-27 09:46
Large Medium Small

SINGAPORE - PSA Peugeot Citroen and Volkswagen AG's joint ventures in China will benefit as a weaker euro reduces the cost of components imported from Europe, Nomura Holdings Inc analysts said.

Dongfeng PSA, a partnership between France's Peugeot and Hubei-based Dongfeng Motor Group Co, will be the biggest beneficiary, Hou Yankun, an analyst at Nomura, said on Tuesday. A 15 percent drop in the euro may boost earnings at Dongfeng PSA by as much as 5 percent or 250 million yuan ($36.6 million), Hou and fellow analyst Xu Ming wrote in a report this week.

For European carmakers in China, the world's largest auto market, "the import of components from their home countries is one way to make profit", Hou, based in Hong Kong, said.

Related readings:
Auto JVs to benefit from cheap EU imports Peugeot Citroen looks to new liaison
Auto JVs to benefit from cheap EU imports Peugeot to build 3rd China plant
Auto JVs to benefit from cheap EU imports Peugeot-Citroen mulls JV with Chang'an Auto
Auto JVs to benefit from cheap EU imports Peugeot, Changan in JV deal

The euro has declined 14 percent against the US dollar this year on concern that a government debt crisis may spread from Greece, and reached a four-year low against at $1.214 on May 19. The currency's decline increases the competitiveness of Europe's carmakers and auto parts suppliers in China, where the yuan has been pegged at about 6.83 to the US dollar for almost two years. China is also under pressure to revalue its currency.

European auto joint ventures in China rely on imported car parts more than the industry average, Hou said. "China still doesn't have the economical scale to produce high-tech components," he said.

Peugeot added 40 cents, or 2.2 percent, to 18.48 euros at 9:07 am in Paris trading. Volkswagen rose 40 cents, or 0.6 percent, to 66.52 euros on the Frankfurt exchange.

Bloomberg News

 

彝良县| 东光县| 张北县| 天台县| 延庆县| 四会市| 化隆| 巴塘县| 平南县| 九寨沟县| 西乌珠穆沁旗| 安庆市| 固镇县| 柳州市| 托里县| 凤庆县| 郯城县| 林周县| 恩施市| 克拉玛依市| 台湾省| 黄浦区| 巴楚县| 桦甸市| 池州市| 临颍县| 孟连| 仙游县| 遂昌县| 湘潭市| 高唐县| 阜阳市| 宜都市| 偏关县| 屏边| 吉安县| 武定县| 兴和县| 六安市| 平昌县| 彰化县|