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WESTERN EUROPE
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March electric
car blues |
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COMPARED with the frenzy seen last year and
the year before, China’s illustrious love-affair with the car has hit a
bumpy patch, thanks to the slowing economy, faltering exports and
spiralling pump prices. While the slowing economy has tempted growing numbers of China’s average income earners to put away their wallets, resulting in yet another setback for China’s intrinsic smaller carmakers, China’s nouveau riche are still out shopping, catapulting this year’s Audi, BMW, Mercedes, Porsche and Bentley sales into new record orbit
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