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Monday, April 20, 2009

China becoming Growing Market for Toyota as Suffering in USA

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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