| 01-02-2008 Also
in 2007, Eaton Corporation, one of the world's leading diversified industrial
manufacturers, signed an agreement with Huazhong University of Science and Technology
to co-develop auto mechanical technology. Germany's Mann opened its first global
franchised outlet in Shanghai and Honeywell also launched three direct-selling
auto maintenance centers in Shanghai. Bosch
recently launched its nationwide Bosch Diesel Partner project aiming to recruit
100 dealerships in six regions. The program will develop an integrated and extensive
service network in China to tap into booming diesel technology. Bridgestone, a
global tire provider, decided to open at least 100 tire shops in China annually
after 2007 to raise its market share to 20 percent from the current 15 percent.
Statistics show that Bosch plans to increase its purchases to one billion euros.
Currently, Bosch has purchased printing circuit boards and other auto parts, and
it may develop qualified mechanical auto parts suppliers as its next step. Visteon
Corporation, a global automotive supplier, said it will increase the number of
purchases in the coming years, especially that of electric products by 30 percent.
Sources said Visteon's purchasing quantity in China accounts for 20 percent of
its global total and it will build a strong sales group in China as well.
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