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Auto firms headed for tougher times

By Zheng Lifei | China Daily | Updated: 2009-05-06 08:11

Auto firms headed for tougher times

Customers peek into a Skoda car at an automobile market in Nanjing, Jiangsu province. CFP

Escalating competition and the specter of deflation are threatening to cut deeply into the profit margins of Chinese automakers, particularly those that specialize in small cars that retail at low prices.

Auto firms headed for tougher times

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