USA is the most important market for the major automakers in the world. However, because of economic recession, auto sale in the country has suffered a lot. GM is almost bankrupt. Toyota survived well but its officials are worried about the possible impact of economic recession too. There is a good news for them. It seems that there is a growing demand for sport-utility vehicles in China despite the bad economic condition. Well, on an average, China has just around 20 cars against per 1000 persons. So, it is a market that has huge potential growth for any car maker. Fortunately, Toyota always took China seriously and it is now paying off.
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Bloomberg
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