Shanghai Automotive will double capacity in five years
As the Chinese auto market grows, so do its manufacturers. Reuters
reports
that China's biggest automaker said today it plans to double capacity by 2010 to 2 million vehicles a year.
This year, SAIC and its Korean subsidiary Ssangyong Motor will produce just over 1 million vehicles. SAIC is also GM's
joint venture partner in Shanghai GM, China's market leader since earlier this year. According to Forbes
magazine, September Shanghai GM sales
were 31,719 units.
Reader Comments (Page 1 of 1)
Chris 10:50PM (12/18/2005)
This is really bad news. That means there will be twice as many of thos ugly little cars on the road. How about doubling the number of good looking cars?
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