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| April 20, 2009 | |
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Automakers vie to tap market
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| SHANGHAI - CARMAKERS from China and around the world unveiled their latest products on Monday at the Shanghai auto show, in a burst of glitz and glamour that contrasted with recent, more sober US exhibitions.
From international marques like Mercedes to up-and-coming domestic carmakers such as Chery, more than 1,500 manufacturers were on hand for the first media day at industry show Auto Shanghai 2009. The show represents the growing importance of China's more than 1.3 billion people and a market that overtook the United States three months ago as the world's biggest for car sales. 'We treat this as one of our most important shows,' said Helmut Broeker, chief executive officer of Porsche China. 'This is the first time we have launched a product line in Asia and outside our core countries.' He was referring to the Panamera, a four-door sports car making its international debut in Shanghai whose turbo version will cost about 2.5 million yuan (S$558,544) including taxes in China. At a time when the global financial meltdown has pushed other auto markets to the brink of collapse, the Shanghai show was set to feature the global or Chinese launches of at least a dozen cars. Audi launched its A3 luxury sedan while other models set to be unveiled to the world at the show include the Mercedes S400 Hybrid, which combines a petrol engine with a lithium-ion battery, and the BMW X5 M, a sports activity vehicle. Ford Motor company put on a Hollywood-style presentation Monday, lowering its four-door Fiesta, a new product for the China market, onto the stage from above, surrounded by models clad in black leather in a display reminiscent of 'The Matrix' and 'Mission Impossible' films. 'China is a very critical market for Ford Motor company,' John Parker, Ford's executive vice president for Asia Pacific and Africa, told AFP. Ford aims to sell 250,000 units in China this year, accounting for about half of sales in Asia, he said. -- AFP | |
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