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Executives say consolidation is unavoidable

SHANGHAI - 200 automotive executives from around the world gathered in Shanghai on April 25-26 to discuss opportunities and challenges for OEMs and suppliers as China's expanding automobile market faces the unavoidable future of consolidation. The 21 senior auto-motive executives, government officials and industry professionals who spoke at the two-day

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Analysts fear extrem profit squeeze

SHANGHAI - Industrialists are optimistic about the future of China's auto industry growth volume, but business analysts at a luncheon sponsored by the China Daily had grave questions about profitability. "We continue to be quite bullish about the Chinese economy and growth of the industry," said Paul Gao of McKinsey &

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