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China automakers gear up to expand overseas
2005-07-19
Chinese models post next to a Chery car at the 2005 Auto Shanghai exhibition in China's financial capital Shanghai April 23, 2005. Global car makers still see China as the promised land as growth stagnates in the developed world, but an escalating price war and rising materials costs are rapidly shaving profit margins, boding ill for those with a high dependence on the market. |
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NINGBO, China - It was one of those awkward moments for an up-and-coming automaker: as an alarm sounded, workers in bright blue uniforms rushed to rebalance an auto body that had gone awry on the assembly line.... ... | Note: this page has been archived under Muzi Premium Version and is only available to premium members. Please use the Premium Personal Password (PPP) to log in.
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