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Article: Chinese Passenger Car Production Going Full Steam Ahead.
- Article from:
- M2 Presswire
- Article date:
- January 15, 2009
CopyrightCOPYRIGHT 2009 M2 Communications 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)
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M2 PRESSWIRE-15 January 2009-RNCOS E-Services Pvt. Ltd.: Chinese Passenger Car Production Going Full Steam Ahead(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:15012009
China became the world's second largest car producer after Japan in 2007 by overtaking Germany, says our new research report, "China Automobile Sector to 2010". The production of passenger cars in the country is estimated to have crossed 7 Million Units by 2008.
As per the research, passenger cars stock in China during 2004-2007 was very low in comparison to consumer purchasing power that was increasing rapidly. As a result, many international automobile players found Chinese ...