Chinese Automakers, Regulators Clash Over Foreign Investment

Newswire

SHANGHAI, Feb 21 (Reuters) - China's auto lobby has urged Beijing to support local carmakers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms. Despite foreign carmakers needing to set up joint ventures to produce vehicles for China, foreign brands including General Motors, Volkswagen AG, Ford Motor Co and Toyota Motor Corp still dominate the Chinese auto market. China's ...

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