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Chinese take majority stake in German tuner Carlsson

by Jonathon Ramsey (RSS feed) on Jun 6th, 2012 at 7:58AM

It is clear that the Chinese appetite for luxury cars with monumental power and imperial luxury has barely begun, so automakers are positioning themselves to make sure they can provide a growing supply. Zhongsheng Group Holdings, owners of a dealer group that includes Porsche, Mercedes-Benz and Lexus showrooms, has taken a 70-percent stake in German tuner Carlsson according to a report in Reuters, and it has plans for its new purchase that offer enormous potential. Saying that off-the-rack luxury cars have sold so well in major cities that they feel "like driving a Camry in Los Angeles,"... Read More

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