China promised land for automakers
(Reuters)Updated: 2006-11-22 20:00
A model sits inside a SAAB 'Aero X' concept car displayed at the Beijing
International Automotive Exhibition November 22, 2006. China may still be the
promised land for global auto makers but competition is set to reach new heights
in coming years as consumers start buying cars for a second or third time and
are more swayed by brand loyalty. China is the world's second largest automobile
market after the United States. [Reuters]
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