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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (36517)7/25/2003 5:30:40 PM
From: RealMuLan  Read Replies (1) of 74559
 
South China making auto push

Prosperous region links up with Japanese automakers as it vies to become manufacturing hub.
July 25, 2003: 10:30 AM EDT

GUANGZHOU, China (Reuters) - A latecomer to China's auto manufacturing boom, the wealthy Pearl River Delta region is racing to make up for lost time with the help of Japan's three biggest carmakers.
...
The Japan-Guangzhou tie-up is partly a marriage of convenience. Like Guangzhou, Japanese manufacturers were late to join an industry long dominated by Germany's Volkswagen, which controlled 40 percent of the China market last year and has about 33 percent this year.

By comparison, Japanese cars make up just 16 percent of those sold in China, according to Deutsche Bank.
money.cnn.com
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