Automobile industry analysts in China expect the market for vehicles to only grow between 5% and...

|By:, SA News Editor

Automobile industry analysts in China expect the market for vehicles to only grow between 5% and 10% in 2013 with a slowing economy and higher fuel costs still a drag on demand. Initiatives by local governments to curb car sales in an effort to ease traffic concerns could also stall the ambitious plans of General Motors (GM) and Ford (F) in the nation, while Japaneses automakers (NSANY.OB, HMC, TM) have even larger concerns with a public backlash due to a territorial dispute still a major factor.