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Chicago (AFP) Sept 2, 2010 Times may be difficult at home for US auto giant Ford, but business is looking good in China and India, according to sales figures published Thursday. The company said sales in the two emerging economic powers increased 37 percent in August versus the same month a year before, affirming their status as "the world's fastest growing automotive markets." Sales in India posted a whopping 220 percent increase, the firm reported, although a modest 7,925 units were sold. Sales in China rose to 44,047 units for the month, a 24 percent increase. Ford has said it expects 70 percent of its growth to come from Asia Pacific and Africa regions in the next decade. "We have big plans for India, China and the region," said Joe Hinrichs, president of Ford Asia Pacific. "The growth potential in this part of the world in the next ten years is astounding."
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China's Chery mulling auto plant in Spain: officialsMadrid (AFP) Sept 2, 2010 China's largest home-grown carmaker Chery Automobile Co. is considering building a plant in Catalonia, the government of the northeastern Spanish region said Thursday. Catalonia "is the region best positioned to host the Chinese giant," it said in a statement, following a visit to China by the head of the regional government, Jose Montilla. Talks on a deal between Chery and Catalonia beg ... read more |
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