China wants to reduce the number of its major auto makers from 14 to 10 and have two or three powerhouse vehicle manufacturers with annual sales and production capacity of 2 million units and another four to five companies with the ability to sell 1 million vehicles a year. The Shanghai Daily quotes two unnamed officials from the China Association of Automobile Manufacturers as saying this is part of a plan to increase the market share of domestic-brand vehicles to 40% from 34% now. None ...
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