Investment in Auto Sector Tipped to Surge
In the US, the big three car makers, GM, Ford, Chrysler are in trouble, losing billion of dollars for the last few years. Chrysler is selling its European, Aston Martin, I believe to private equity firm.
However, GM is finding China to be lucrative market now and GM cars selling like crazy in China.
A Chinese car maker is trying to build a car mfg facility in Indonesia? interesting. Why do they pick Indonesia? Does the gov't offer huge tax break or other incentives?
However, GM is finding China to be lucrative market now and GM cars selling like crazy in China.
A Chinese car maker is trying to build a car mfg facility in Indonesia? interesting. Why do they pick Indonesia? Does the gov't offer huge tax break or other incentives?