China took South Korea’s spot as the world’s fifth-largest automobile manufacturing nation last year. South Korea fell to sixth place, says a report by the Korea Automotive Research Institute (KARI). Korean auto makers domestically manufactured 3,148,000 cars last year, less than China’s 3,251,000 and enough to leapfrog the country from its No.8 ranking in 2001. The U.S. maintained its top spot, producing more than 12 million vehicles. Japan follows with 8,537,000, Germany with ...
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