AUTOMOTIVE METALS China at least 'five years away' from being major auto exporter
Oct 26, 2010 | 12:57 PM
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Developing countries, known by one automotive expert as the "CRIB" nations, will be the birthplace of significant growth in automotive demand as developed nations continue to see improvement come on a slow, steady basis.
Tim Dunne, director of global automotive operations at Westlake Village, Calif.-based J.D. Power & Associates Inc., dubbed China, Russia, India and Brazil the CRIB nations, rearranging the oft-used acronym BRIC.
While China's automotive industry eventually will impact markets in developed nations, Dunne stopped short of saying the Asian nation was poised to become a major exporter of automobiles, stating that such exports are a minimum of five years away.
"The developing nations will be the growth engine of the future," Dunne said at AMM's 4th annual Automotive Metals Conference in Atlanta. "But the Chinese automotive industry is not ready for the world, even though China's policy makers are."....
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