Long-time China observers canâ€™t help but marvel at the degree to which the auto market has caught on fire in what still purports to be a communist country. Consider that last year some 9,000 Mercedes-Benz cars and 20,000 BMWs were sold in China, where sales of luxury vehicles have swelled 110% through March. DaimlerChrysler is so encouraged it has signed a $1.2 billion deal with Beijing Auto to make Mercedes cars and trucks, targeting 25,000 luxury cars by 2012. Once the Middle Kingdom ...
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