The Chinese auto market, already the largest in the world, is set for strong growth in 2011.

General Motors (GM), the largest foreign automaker in China, expects sales to climb by as much as 15% in line with the wider market, Bloomberg News reported. Volkswagen (VLKAY), Europe's biggest carmaker, is forecasting that the market will grow by at least 10%.

"I would anticipate nothing less than that and we will grow together with the market," said Soh Weiming, Volkswagen's local executive president. A lack of capacity would limit Volkswagen's growth, Soh told Bloomberg.

Chinese car sales rose 34% to 16.4 million through November driven by government incentives aimed at boosting the economy. In 2011, sales could rise to 20 million, analysts say.

Light-vehicle sales in the U.S. may be as much as 12. 8 million units, according to consultancy Intelligence Asia Automotive.

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proway2

We have business leaders stealing (Enron, Globel Crossing, Exedus,MCI,McCloud).We have political leaders removing rights (Home Land Security), passing bills without reading them (healthcare), spending at levels I cant even begin to believe. How can we even begin to think these people will act in the best interest of America. How many business leaders are have been held accountable and how many political leaders have been held accountable.

December 21 2010 at 10:38 AM Report abuse rate up rate down Reply
wahoofishing2

Welcome China as your new Puppet Master of the United States.Learn Mandarin people so you can understand what your new leaders expect from you. Keep buying Chinese crap and scratch your head as to why you lost your job.

December 21 2010 at 7:53 AM Report abuse +1 rate up rate down Reply