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Markets - USA - Japan's Carmakers Find China's Fast Lane
Japanese auto makers are making an extraordinary surge into China's hyperkinetic car market
USA - Business Week, by Brian Bremner -21 Dec 2005: -- Bitter memories of wartime atrocities still work against Honda, Toyota, and the like, but not enough to save VW's market dominanceIt's no secret that China's auto market is the most dynamic in the world and destined to overtake Japan as the world's second-biggest later in the decade, behind the U.S.... How could they overcome the deep historical animosity felt by the millions of Chinese who remember the Japanese occupation and wartime atrocities of the last century? ... Yet late-comer , Japan's six major carmakers operating on the mainland -- Honda, Toyota, Nissan, Mazda, Mitsubishi, and Suzuki -- grabbed 26.6% share of the Chinese market in the January-October period, according to the China Association of Automobile manufacturers. That's a larger share than the U.S. or European rivals have in China, and is slightly less than the combined domestic market share of China's entire domestic auto industry...
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