Auto firms headed for tougher times
By Zheng Lifei | China Daily | Updated: 2009-05-06 08:11
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Customers peek into a Skoda car at an automobile market in Nanjing, Jiangsu province. CFP |
Escalating competition and the specter of deflation are threatening to cut deeply into the profit margins of Chinese automakers, particularly those that specialize in small cars that retail at low prices.
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