Major Chinese auto makers expect growth of 5% to 19% in 2012, up from just 3% this year, but there are reports near-term prospects are not promising. The government-owned Xinhua news agency cites senior executives attending the recent Guangzhou auto show as saying they are confident about the long-term outlook for the Chinese market. Volkswagen Group China President and CEO Karl-Thomas Neumann says VW sales in China are expected to rise 15% year-on-year by the end of 2011. He says in ...
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