China Overtakes U.S. Car Market
The Associated Press recently published a report saying that the Chinese now buy more cars and trucks than Americans. It appears that over 12.7 million new cars will be sold in China compared to about 10.3 million projected to be sold in America. This is the first time ever that any country has surpassed the U.S. in new car sales.
This could have been good news for the U.S. because China loves GM’s Buick…they consider it a luxury car. But alas, China requires that Buick build it’s cars in China—not the United States. Interesting concept.
Well, that at least should help GM’s bottom line even if it doesn’t make any new jobs in the U.S.
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