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Clean Energy Vehicles Face Barriers in China Auto Market: Video
Bloomberg Network, April 22, 2010
Bloomberg's Stephen Engle reports on the Beijing Auto Show. As many as 89 vehicle models will make their worldwide debuts today at the show as the industry trade fair kicks off in the Chinese capital, according to an estimate by HIS Global Insight. Automakers including General Motors Co. and Nissan Motor Co. plan to display a record 95 alternative energy-powered models at the show. While Chinas government has touted less-polluting cars as a way to improve air quality and cut reliance on imported oil, it has delayed a plan to introduce subsidies that may put the models within reach for buyers. (Source: Bloomberg)