Geely Auto reported that the Dow Jones Industrial Average plunged 419 points on August 18, 2011; meanwhile, the listed companies in the auto industry have also suffered serious setbacks, from GM, Ford and other vehicle companies to TRW parts suppliers. , Even auto dealers such as AutoNation, the stock price fully diving.

At 16:00 on the August 18th, US Eastern Time, the Dow Jones Industrial Average fell 419.40 points to close at 10,990.81 points, a decrease of 3.68%. In the automotive industry, more and more analysts have lowered their expectations for new car sales in the United States during the year, leading investors to shrink from Ford and General Investment. Although a few analysts insisted on a bullish auto market, General Motors closed at 23.60 U.S. dollars, plunging 5.37%, and once dropped to 23.29 U.S. dollars, far below the initial price of 33 U.S. dollars, the lowest since the IPO last November. Ford's stock price fell to 10.38 US dollars, a decrease of 6.5%.

In contrast, U.S. auto parts suppliers are even more miserable. On the same day, Meritor's share price plunged 13% to close at 7.99 U.S. dollars, while TRW autos fell 10% to close at 38.25 U.S. dollars.

Car dealerships have not been spared. AutoNation shares fell 3.9% to close at $34.29, Group 1 Automotive fell 5% to close at $37.52, and Penske Automotive slipped 6.9% to $16.26.

Brian Johnson, an analyst at Barclays Capital, said on the day that he was optimistic about the auto industry’s optimism. Ironically, Barclays Bank lowered the target price of the American automotive industry company, Ford from $20 to $15, and GM from $40 to $38. Parts suppliers were again bearish on Barclays Bank, Lear reduced from US$67 to US$64, BorgWarner dropped from US$92 to US$89, and American Axle fell from US$14 to US$12.