It is evidently clear from the discussion that Renault – car sales is estimated to reach 2.9 million units by 2010. There is no available data to testify if it has reached this estimate to date. Renault sold 517,147 units in 2010. French company, co-owned by Moscow Bank and Russian Tech. Volkswagen entered the Chinese market in 2010. opened a factory with an annual capacity of 300,000 units. It was able to sell 2.26 million units in 2011. Company structure is partnership with the government. Country assessment shows growth of GDP is highest in India and Brazil that is forecast to be maintained up to 2015. In the same way Brazil and China both showed a lower country risk than the United States. Country risk is the probability of loss due to economic or political instability in the buyer’s country that results to inability of paying for imports. Country risk of Brazil and China is in the range of 65% while US is at 80%. where 0= good and 100 is bad. This means both Brazil and China are both strong countries, economically speaking taking into consideration of the country risk assessment which means they are capable of importing automobiles. Its GDP for personal growth shows it can sustain the importation of goods, albeit, automobiles. As to growth of personal income, it appears, India is estimated to have 11.2 %, growth, the highest among the BRIC, next is China with an estimated 8.1% growth, then Russia and Brazil maintaining same 4.1 %. China – Auto production in this country had increased rapidly, from only 2 million in 2000 to 17 million cars, minivans, SUVs, and sport utility Vehicles in 2010. It is considered as twice the size of US and Japanese. and far larger than the European’s car manufacturing sector. China is both a manufacturer and buyer.
Automotive Industry Analysis in BRIC Countries