Chinese Auto Boom

The Chinese market's sharp bounce since April, strong demand for midsize to large luxury vehicles and a flood of interest - and investment - in electric vehicles.

Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as auto makers push financing deals to boost sales and margins in an increasingly competitive market.

Traffic jams in Beijing are worsening with each passing day. The city now has 4.76 million vehicles, compared to 2.6 million in 2005 with nearly 2,000 new cars hitting the road each day.Now, China is going to sharply limit the number of new vehicles by registering only 2,40,000 vehicles next year, which would be decided by a licence plate lottery s...

The Chinese market's sharp bounce since April, strong demand for midsize to large luxury vehicles and a flood of interest - and investment - in electric vehicles.

Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as auto makers push financing deals to boost sales and margins in an increasingly competitive market.

Traffic jams in Beijing are worsening with each passing day. The city now has 4.76 million vehicles, compared to 2.6 million in 2005 with nearly 2,000 new cars hitting the road each day.Now, China is going to sharply limit the number of new vehicles by registering only 2,40,000 vehicles next year, which would be decided by a licence plate lottery s...