China is now the world’s largest car manufacturer, based on the 2009 figures, surpassing the U.S. and Japan, as China Business News reports.
Last year, China’s domestic car production totaled 13.79 million units, while Japan’s similar figure saw a 31.5 percent year-to-year decrease, only reaching 7.93 million units. According to the Japan Association of Automobile Manufacturers (JAAM), the decline was caused by the recession, a decrease in home consumption and falling exports. The U.S.’ finan… (read more)