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Under the double blows of the Sino-U.S. trade war and domestic economic pressure, China’s auto industry sales have shown negative growth for the first time since 1990.
Chinese passenger car sales increased significantly in July compared to last year—the fastest growth rate in more than three years.
The U.S. is speeding toward what could be a record year for auto sales.
American shoppers passed on the malls and headed to the car dealerships over Thanksgiving weekend.
Ford plans to hire 2,200 salaried workers as the company forecasts robust growths in the automobile sector for 2013.
U.S. auto sales finished 2011 on a surge, as Detroit automakers all reported higher sales figures during the last few weeks of last year.
