Shaun Rein of CMR in Shanghai looks ahead at the future of international car makers as the Shanghai auto show opens for business today.
At CNBC he explains why the top end of the market, Mercedes and BMW is still growing by 30-50 percent, providing China’s rich the car they want. Also in the lower end of the market, under 1.6 liter, he sees great potential, as the Chinese government has been stimulating the car market very much.
But he is more somber about the middle segment of the market, the classic middle class car, and is not so sure whether GM and Chrysler can be saved by China. More at CNBC