The once-twice 13th Shanghai International Automobile Industry Exhibition was on schedule and under the severe influence of the financial crisis, the current Shanghai Auto Show attracted more attention from the industry. Many multinational automakers dared not take it lightly. It is all the effort. In contrast, auto parts makers have seen a lot of gloomy scenery at auto shows this year.
It is understood that the number of exhibitors of auto parts makers this year has decreased significantly compared with previous years. However, auto parts makers including Dow Chemical, Japan Seiko, BorgWarner, Eaton and Bosch will continue to participate.
According to relevant media reports, as a result of the financial crisis, transnational component giants including Magna International, Arvin Meritor, American Axle Manufacturing, Delphi and TRW have withdrawn from the Shanghai Auto Show. Many small and medium-sized component companies are also putting a heavy burden on them. The Japan Trade Promotion Agency organized more than 20 Japanese small and medium-sized component enterprises in China to participate in this year's Shanghai auto show this year. Compared with the previous 100, the number has dropped sharply.
In January 2009, Craytech, a supplier of plastic parts for automobiles, declared bankruptcy and became a victim of the wilting auto market in North America. In March 2009, Plastal, a leading supplier of automotive plastic parts in Europe, declared bankruptcy. Naturally, this was also due to demand from the automotive industry. Sharply declined, Plastal is one of the major suppliers of automotive plastic parts in Europe; in April 2009, automotive parts supplier Noble North filed for bankruptcy protection. It is one of the major suppliers of U.S. auto giants such as GM and Chrysler.