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Monday, April 23, 2012

Random "Wow" -- Absolutely Nothing To Do With the Bakken -- At Least Directly

Just yesterday or the day before I posted a list of stories on automobile companies that were moving into China.

Now, 1:23 p.m., Monday, April 23, 2012, CNBC says after the break they will have a short segment on exactly that story: the "bet" automobile companies are placing on China.

The Beijing Auto Show.

Phil:
  • 8 - 10% growth this year.
  • China still the largest auto market in 2012.
  • But sales are slowing down
  • Ford: down 13% in first quarter.
  • But overall, automakers should do well.
  • Compacts and sub-compacts: 50%.
  • Prefer foreign brands, particularly European. 

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