Friday, July 20, 2007

China Increases Car Production by 30 Percent, Surpasses Germany

China is now the world's third-largest automobile producer:

"China’s rise represents the most dramatic change in the world auto industry, with production there more than quintupling in the last decade. Sales within China surpassed the 3 million mark in 2005, with nearly 9 million passenger cars on the country’s roads. While this is still a comparatively small fleet, it is likely to grow rapidly in coming years, and China is expected to become a major exporter within the next four years."

See full article here.

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