Automakers Capitalizing on Chinese Appetite for Larger, Luxury Cars

China is cementing its reputation as the most important market for the auto industry.  Chinese auto sales are up 13 percent from a year ago — with sales expected to top 20 million this year.  By comparison, total sales in the United States this year are forecast at just a little more than 15 million vehicles.  The importance of the Chinese market is reflected in the size and sophistication of the Shanghai auto show, where automakers are capitalizing on China’s growing demand …

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