|
U.S. monthly sales got a temporary boost to 1.3 million units in August from Washington's "Cash for Clunkers" subsidies for trading in older cars. But industry analysts say that surge could quickly subside after subsidies end. Xu said he was not worried that Chinese auto production might exceed demand even if subsidies stop because sales are likely to grow by at least 15 percent a year over the next decade.
Associated Press researcher Bonnie Cao contributed to this report.
Copyright 2009 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor