Student Research Projects/Outputs No.052 VW in China Elisenda Pujol MBA 2010 China Europe International Business School 699‚ Hong feng Road Pudong‚ Shanghai People’s Republic of China 1 1. Overview of VW. a. History of the group b. The company today 2. China’s car industry 3. 4. 5. 6. 7. VW in China Recent Market car industry in China The fight for the market share VW current performance and future plans. Sources 1. Overview of VW History of the group VW Company was founded in 1937
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Price strategy The emergence of a middle class in China began in the 1990s‚ and the luxury car market soared in this decade. As in many other countries‚ the car in China was considered a symbol of one’s social status. A class of noveau riche had emerged – a small percentage of the population‚ but still numbering about 60 million. These were eager to show off their newly acquired social status. They had a preference for luxury foreign cars‚ particularly Italian or German brands‚ such as Ferrari‚
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Strengths Leading regional player Strengths Weaknesses Leading regional player Strong brand portfolio Global production network Weak performance in the US Declining market share in China Weaker margins Opportunities Threats New models Increasing demand for hybrid electric vehicles Booming car sales in China Raw material prices Economic slowdown in Europe and the US End of life vehicle directive Intense competition Volkswagen is the market leader in the western European passenger car
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Nevertheless‚ even with the fall from rosy profit margins and breakneck sales growth‚ China still represents the fastest growing automobile market in the world with far-reaching potential in sales and complementary services (see Exhibit 1). A record 1.7 million new vehicles were sold in China in the first three months of 2006.7 With the strong start‚ vehicle sales should surpass that of Japan‚ placing China as the world’s second largest automobile market‚ behind only the United States. The driving
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Opportunity • Market is open for filtration systems at low cost • 50% of urban sewage is untreated • Access to various technologies used in filtration • Industrial and biological pollution has contaminated almost 90% of the underground water in Chinese cities • 300 institutes engage in water supply research • Supply water smaller than U.S. but provide water for 5 times the population • 90% of underground water is contaminated by industrial pollution • Chinese tend to purchase luxury products
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Applicable documents as amended Group quality documents at www.vwgroupsupply.com: Latest information on requests for defective parts from the field for the brand VW PKW Formula Q-capability Formula Q-capability software Formula Q-new parts integral Form TF/Parts dispatch control Manual for original parts suppliers Group basis requirements software Group guideline product audit wiring harnesses Group packaging guidelines (sets and vehicle) Supplier manual for prototypes
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coc ‘copycat’ threats SWOT analysis of IKEA 1998‚ IKEA entered the Chinese market and opened the first shop in Shanghai. Accompanied by the combination of Chinese economic environment and Chinese furniture market circumstance‚ the following SWOT analysis will be utilized to evaluate IKEA in Chinese market. Strength IKEA provide several strengths compared with any other furniture company. First of all‚ IKEA possessed a strong brand image (5). Before entering Chinese market‚ IKEA has already
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Other Sources (Book / Monograph‚ Case Study‚ Conference Papers Collection‚ Conference Proceedings Collection‚ Country Report‚ Financial Report‚ Government Document‚ Grey Literature‚ Industry Report‚ Law‚ Market Research Report‚ Newspaper‚ Report‚ SWOT Analysis‚ Video‚ Working Paper‚ etc.) *Titles with ’Coming Soon’ in the Availability column indicate that this publication was recently added to the database and therefore few or no articles are currently available. If the ‡ symbol is present‚ it
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SWOT Analysis: Market Internal: Strengths: the company owns and franchises more than 15‚500 outlets in more than 100 countries (great diversification‚ expanding rapidly in high growth areas (i.e. China) By 2006‚ KFC had 1‚700 restaurants in China‚ more than tripling in five years. Profit and sales figures saw increases of over 25 percent for some quarters‚ while comparable figures domestically were 1 and 2 percent. KFC significantly outsold McDonald’s in China‚ and by 2006‚ KFC was opening
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models in England. In 1950 the new design of VW is introduce allowing the company to acquire new costumers‚ because of the many functions the new Type 2 offered. The success of this product allowed the company’s expansion to Hanover. This time is recognized as the basis for the vehicles Volkswagen produces now. Volkswagen keeps a steady and strong growth throughout 1949-1960. The company reaches the one millionth Beetle production at this time. VW also breaks the record established by Ford and
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