China's Geely to step up car exports, eyes U.S.

Newswire

By Alison Leung and Ben Blanchard HONG KONG/SHANGHAI, June 23 (Reuters) - China's Geely Automobile Holdings Ltd said it plans to step up car exports this year after testing overseas markets in late 2003, with an eye to selling 30 percent of its output abroad by 2010. Auto makers in China plan billions of dollars worth of new capacity over the next few years, prompting fears of a glut and leading some to look to exports as a growth outlet, analysts have said. Just a tiny fraction of ...

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