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These joint venture partnerships between domestic and international automobile makers insure the growth of domestic vehicle businesses like Amsia Motors in addition to taking advantage of the foreign business investments international businesses continue to pump into the Chinese auto market. For 2016, we see only very moderate growth in the auto industry,” Continental CEO Elmar Degenhart stated at the Detroit auto show this week.
Nonetheless, the ones they do concentrate on, they do nicely, like their far more than 20% marketplace share of auto market place for electrical distribution and connection systems and ten% industry share in the Powertrain segment area. GM cannot stay a international leader without making a severe commitment to expanding our presence in growth markets like India,” Ms Barra said.