Cars: The next frontier in technology profits

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Car sales in China still show growth in February but forecasts now call for “just” 10% growth in 2011–a big drop from 32% in 2010.

Auto sales in China climbed by 4.6% in February from February 2010. Before the data was released today overseas car makers had projected that February could produce the first year-over-year decline in the last 16 months. The industry dodged that bullet but the data still seems to show that sales are slowing to a 10% growth rate in 2011. In 2010 auto sales grew by 32%.

China’s auto industry heads for a car wreck

China’s auto industry heads for a car wreck

Buy a car, get an iPod. If this sounds like what Detroit did to hold off the collapse of U.S. auto sales, you’re absolutely correct. In China the question is whether this slump in sales will get bad enough to force some of China’s 100 or so domestic auto makers to merge or go out of business.