Group: China May Be No. 3 Auto Producer

From AP, via Yahoo News!:

China’s auto production is expected to grow by 20 percent this year to 6 million vehicles, possibly passing Germany as the world’s No. 3 producer, an industry association said Saturday.

China is the world’s fastest-growing auto market as rising incomes make it possible for millions to buy their first cars. Foreign auto makers are investing billions of dollars in expanding production in China to meet booming demand.

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