Porsche shows off new model in Shanghai

[jonty.]

Amid intense interest from local and international media Porsche has revealed its four-door Panamera luxury sedan to the world at the Shanghai Auto Show.

This is only Porsche’s fourth totally new car and it might have been expected to launch it on its home ground of Frankfurt, or its biggest market, the United States. But it chose China. Why?

But if you do the sums the answer is simple: global car sales are tipped to fall by 8 percent this year but Chinese sales are expected to grow by 10 percent. And in the luxury car market the growth is likely to be twice as fast.http://www.lankajournal.com/?p=1308

 

[Steven Ashley]

Hi,

Experts infer that slow sales in auto industry across the world will affect Japanese car brands such as Honda and Toyota. This will surely increase the chances of the Toyota Motor Corporation overtaking the Ford Motor Company in terms of U.S. auto market share. The expected lowers sales for General Motors will also boost Toyota's car sales. The reason cited by industry analysts for declining sales is the continuing trend which sees car buyers turning their back on larger vehicles and focuses more on smaller and more fuel efficient vehicles.

 

[dulajs]

thx for the info