Source: CCTV.com

11-19-2008 09:32

The China International Automobile exhibition will open to the public in Guangzhou on Wednesday. The event comes at a time of growing concerns over the future of the US car industry and speculation that US carmakers may look to China to help boost sales.

The China International Automobile exhibition will open to  the public in Guangzhou on Wednesday.

About 68 automakers, including top manufacturers from the US, were in Guangzhou to showcase their cars, commercial vehicles, spare parts and accessories.

Despite the global economic turmoil, there was hope at the automobile exhibition that China's car market would continue to prosper.

Yuan Wei, Vice Executive Editor-in-Chief of Autocar Magazine said "Because in the global economic environment, including China, objectively speaking, all motor manufacturers have worse expectations of sales. However, even in this case, places like Guangdong, which are highly competitive for manufacturers, cannot be given up."

The China International Automobile exhibition will open to  the public in Guangzhou on Wednesday. (Photo: sohu.com)

The opening of the sixth China International Automobile show comes amidst growing concern that the Big Three US automakers - General Motors, Ford and Chrysler - are in peril, battered by the economic meltdown that has choked their sales and frozen loans. International automakers are now looking into the Chinese market for opportunities.

The Guangzhou Auto Show is one of three key auto exhibitions in China, and also the last of the year.