Tuesday, July 25, 2006

Chinese Cars Gain Foothold in Venezuela

CARACAS, Venezuela — Chinese automobile manufacturers are seeking a share of Venezuela's car market, which has grown with the help of an oil-fueled consumption boom.

President Hugo Chavez has long been trying to foster greater economic ties with the Asian giant. On top of greater energy and mining sector cooperation, Chavez has also pursued Chinese development of a computer assembly line in the Andean nation.


Two Chinese car dealers have recently set up showrooms across Venezuela to try to compete with more established brands.

Great Wall Motors, China's largest car maker, is offering large utility vehicles.

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