Auto firms headed for tougher times

• Source: CHINA.ORG.CN
• [13:46 May 06 2009]
• Comments

Encouraged by the robust sales in the first quarter, especially in March, CAAM has raised its forecast for vehicles sales growth from the previous 5 percent to 8.7 percent this year, or 10.2 million units.

The country sold 9.38 million vehicles last year, up 6.7 percent from a year earlier, the first single-digit growth rate in a decade as the global economic downturn curbed consumer demand.

(China Daily)