China's Automakers May Be Poised for Consolidation

China's Automakers May Be Poised for Consolidation Play

April 23 (Bloomberg) -- Bloomberg's Stephen Engle reports from the Beijing Auto Show on the outlook for China's auto market, which includes more than 100 domestic carmakers and countless joint ventures with foreign players. Volvo Car Corp., the Swedish carmaker owned by China’s Zhejiang Geely Holding Group Co., said it plans to more than double its number of models to compete with Volkswagen AG’s Audi and BMW AG in the world’s largest automobile market. (Source: Bloomberg)

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