AUTOSHOW-New markets to fuel car sales but profit in doubt

Newswire

By Rebecca Harrison and Jane Barrett PARIS, Sept 22 (Reuters) - Global car sales will rise almost 20 percent in the next five years on booming demand from emerging markets, but car makers may struggle to convert growth into profits due to cut-throat competition and fragmenting consumer tastes. At an industry conference on Wednesday, the head of U.S. consultancy J.D. Power said total sales would surge to 73 million units by 2009. More than three quarters of that would come from emerging ...

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