Shanghai has been playing host to the Shanghai Motor show, so what's the latest news on what is now the worlds largest vehicle market?
GM:
Says their factories are working at top speed to keep up with demand, and will shortly build four new factories in China, empoying 6000 new employees. GM shares market leadership with VW. Bob Socia, President of GM China says that GM's emphasis is on luxury cars and SUV's and believe that by 2015, the market for SUV's will be 4 million.
Chrysler:
Will produce Jeep Cherokees in a factory in Changsha by end 2014.
Ford:
Ford predict that the Chinese market by 2020 will be 30 million cars and trucks. To cater for this increasse in demand, Ford has built a new assembly plant in Chongqing, and is developing a new engine plant and a new transmission plant in the same city. New asssembly plants will also be built in Hangzhou and Nanchang.
Indigenous carmakers are also expanding and new models were released at the show.
Here's a new SUV from Great Wall Motors:
and a video summary-
https://www.youtube.com/watch?v=IYtxXl-ulJw