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Cars are parked at a port in Dalian, Liaoning province, waiting for export. China will have annual exports of two million cars by 2016, say almost half the respondents of a KPMG auto industry survey.
Cars are parked at a port in Dalian, Liaoning province, waiting for export. China will have annual exports of two million cars by 2016, say almost half the respondents of a KPMG auto industry survey.
(CHINA DAILY/REUTERS)

China siphons the tanks of Western auto makers

It’s not just South Korea that worries Ford, it’s Brazil, China and India, too. When Stephen Harper rebuked Ford for its criticism of the Canada-South Korea trade pact, he probably reckoned it was just a little local grumbling from a factory in Ontario. But at last week’s Geneva motor show, Ford’s bosses were scanning the globe and what they saw was not pretty. The emerging markets are long on car assembly and a bit short on customers, which means a new threat for North American and Canadian auto companies seeking a respite from ruinous competition at home.