Wednesday, January 20, 2010

China's automakers get a turbo boost

HONG KONG - Chery Automobile, BYD Auto and other Chinese car brands, whose sales are already booming in the world's biggest auto market, are set to get a further boost from changes to rules on Chinese central government purchases of vehicles.

New guidelines that will lower the maximum engine size and prices permitted for government vehicles are expected to lead to a move away from high-end cars made by foreign joint ventures and towards vehicles at the top end of ranges produced by Chinese companies

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