China to become world’s 3rd biggest car producer
China will replace Germany this year as the
world’s third largest maker of cars and vans, according to a report of
market research released Tuesday.
China will replace Germany this year as the world’s third largest maker of cars and vans, according to a report of market research released Tuesday.
China will produce about 5.9 million light vehicles this year, outpacing Germany’s 5.38 million, according to figures released by Polk Marketing Systems, a key car market research and consulting company based in the German city of Essen.
The capacity of both countries is so far well behind United States (11 million) and Japan (10.63 million), but Polk said China would reach the level of 10 million within a decade.
I wonder if China might be interested in buying Ford or GM?
Posted: Wed - September 20, 2006 at 03:09 PM