Tuesday, February 10, 2009

China monthly auto sales overtake US for 1st time

With the recession in full force in America, causing the car industry to grind to a halt, China's consumer auto sales have surpassed that of America's for the first time. Credited to the expansion of the middle class in China, who have legitimate purchasing capital, demand for autos are quickly increasing. American automakers are trying to expand sales in the market, but the Chinese have the low prices locked up.

http://www.google.com/hostednews/ap/article/ALeqM5jnLvATfENcYIMMfdPa2_raXimdNQD96906M00

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