China Auto Glut Builds as Plant Shipments Outstrip Sales – Bloomberg 06-10-12

Salient to Investors:

Carmakers exceeding forecasts and pushing passenger vehicles onto distributors faster than they can sell them.

Predictions:

Bloomberg Industries analyst  Kevin Tynan expects either consumer discounts or lower production.

Read the full article at http://www.bloomberg.com/news/2012-06-11/china-auto-glut-builds-as-plant-shipments-outstrip-sales.html

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