Europe’s largest auto show is under way in Frankfurt with the usual splashy unveils of stylish concepts, sporty small cars and innovative powertrains. Volkswagen, Audi, Mercedes and BMW have the lion’s share of the display space, as would be expected of a German-hosted show. Rest assured, the French, Americans, Japanese and Korean auto makers also are well-represented. But the elephant in the living room that no one wants to talk about is the Chinese invasion. For the first time, Chinese ...

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