automobile News, Reviews and Articles

Hong Kong June 27, 2003 — China is expected to produce over a million automobiles in 2004, almost 2% of the world total, according to business intelligence consultancy Fusion Consulting. The company’s China-based Industrial and Logistics practice analysts expect this figure to rise to 1.7 million by 2008, generating revenues of over US$20 billion, up from US$14 billion in 2004. One beneficiary of these increases will be the electronics industry, says Fusion Consulting. The company expects a rise in capacity investment, production levels and general product quality as a result of WTO accession, resulting in the introduction of more advanced safety features such as anti-lock braking systems and airbags on higher-end models.