Global carmakers have sent their hot new products to Shanghi to shine at the city’s biennial Auto Show. The big hitters in the industry are counting on design, quality and advanced technology to give them the edge over the new kids on the block, the Chinese. No wonder, China is the world’s fastest-growing major market.
With competition on the increase from Japan and now China, General Motors have 41 vehicles on show including a new hydrogen fuel-cell car. The Chinese have nearly a 26 percent share of their own market falling just short of Japanese produced vehicles…Europe sells some 22 percent with the US and others below 15 percent.
China’s new found love affair with the car is seen as a great opportunity for some of the world’s top producers. Chrysler’s chief operating officer Eric Ridenour described it as the “most exciting automotive market on the planet.”