On January 10, WABCO Automotive Control Systems (NYSE: WBC), a provider of electronic automotive brake, stabilizer, suspension, and variable-speed control systems, announced its latest development of a new generation of modular automatic mechanical transmissions ( AMT) control system. Liu Liang, president of WABCO Asia Pacific, said that in 2009 it will increase investment in China and seek opportunities in the financial crisis.
Liu Liang said frankly that the financial crisis is global and industry-wide. WABCO, as a manufacturer of commercial vehicles, has naturally not been spared. He said that this financial crisis is, in a sense, a crisis of confidence. If consumers do not have confidence and do not want to spend money, they will have a big impact on passenger cars. While commercial vehicles are production materials, they are affected by the transportation industry. When the economy is bad, bus companies and transportation teams may not buy new cars. â€
For the Chinese market, Liu Liang is still very optimistic. WABCO Worldwide's sales for the third quarter increased by 10% compared to 2007. “The business in China and Asia Pacific is still growing, especially in China. We are optimistic about the Chinese market.
“Our domestic business focuses primarily on the commercial vehicle market, but our target customers include all heavy truck and passenger bus customers.†Yu Sujie, general manager of China operations, said that WABCO will increase its presence in these two markets this year. Investment proportion.
According to Liu Liang, the new-generation modular AMT control system released this time has been put into production on January 1st at the Qingdao plant. "This system is WABCO's latest technology. It is also the first time that it has been put into production in China, and it is only produced in China. There are no production bases in other countries," Yu Sujie added.
According to another report, the joint venture established between WABCO and Guangdong Fuhua in November last year will speed up the construction process. "The Taishan factory will mainly produce air brake disc brakes. We will build plants in 1 to 2 years. The total The investment plan is about 8 million U.S. dollars (about 55 million U.S. dollars)."
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