World car firms see China market as saviour

Global auto makers will flock to China’s premier car show, affirming its importance as the world’s largest vehicle market and the saviour of an industry pummelled by European and US economic woes.

The Shanghai auto show which opens on Sunday will showcase 1,300 models and is expected to attract more than 800,000 visitors over nine days, despite an outbreak of bird flu centred in China’s commercial hub, organisers said.

China became the world’s largest auto market in 2009, and last year sold just over 19 million vehicles, 15.5 million of them passenger cars.

via Business feed http://www.scmp.com/business/companies/article/1217380/world-car-firms-see-china-market-saviour