FACTBOX-Foreign auto makers expansion plans in China

Newswire

SHANGHAI/TOKYO, Nov 25 (Reuters) - Domestic and foreign car makers are ramping up production in China's auto market, even as sales slide in response to a government-ordered crackdown on credit to cool an economy in danger of overheating. Car sales this year are expected to grow just 10-15 percent after nearly doubling in 2003, and may increase at just half that rate in 2005, prompting fears of a new round of price wars that will further sap margins. For a related story, click on ...

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