Auto makers, suppliers and lenders worldwide are investing billions of dollars in China, a country of 1.3 billion people holding the promise of untold profits. Some analysts predict that annual new-car sales in China will reach 60 million-70 million in 20 years. Is there room for U.S. new-car dealers in this 21st Century “gold” rush? Is it feasible or wise for American dealers to consider it? Yes, says Michael Dunne, president of Automotive Resources Asia. “It’s prime in terms of ...
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