Japanese automakers aren't giving up in China, brushing aside the lingering anti-Japan protests...
Japanese automakers aren't giving up in China, brushing aside the lingering anti-Japan protests in the country to set ambitious sales targets for 2013. Toyota (TM) thinks it will sell 840K vehicles in China, up 7.1% from a year ago, while Honda (HMC) expects to grow sales by close to 25% to 750K vehicles. Despite the rosy projections for a recovery from automakers, some analysts are skeptical. Macquarie Securities expects demand in China for Japanese cars to fall 10% Y/Y in Q1.
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