GM CHINA
May 1st, 2002
BY MARK ROWETHE CHAIRMAN of General Motors China has warned that neighbouring south-east Asia's home grown car industry will in future find itself squeezed by stiff competition from the emerging giant next door. China's expanding middle class, robust economic growth and low rates of vehicle ownership means that car makers in south-east Asian countries such as Thailand will be hard pressed to compete in the growing Chinese market, according to Phil Murtaugh, chairman of General Motors China.Speaking at an industry conference in Bangkok, Mr Murtaugh said that ...
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