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TAIWAN'S AUTOMAKERS SEEK GOVERNMENT ASSISTANCE.

AsiaPulse News

| May 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TAIPEI, May 1 Asia Pulse - Taiwan's automobile manufacturers asked the Ministry of Economic Affairs (MOEA) Monday to provide effective assistance for them to tide over the pressing difficulties their industry is now facing.

They presented their request while meeting with Economics Minister Lin Hsin-yi and other MOEA officials at a symposium.

Participants noted that sales of automobiles on the Taiwan market have sharply declined over the past few years, down from 570,000 vehicles in 1994 to 420,000 vehicles last year.

They described the present economic stagnation as another heavy blow to the local auto makers following the devastating Sept. 21 earthquake of 1999, and expressed the hope that the government will provide long-term low-interest loans for the ...

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