SUVs, Luxury Cars Star at Beijing Auto Show
The Cadillac Escalade is the star of the General Motors display at the Beijing Auto Show in China, where SUVs and luxury cars are the fastest-growing parts of the car market. And, thanks to price controls, Chinese drivers can afford to fill them up.
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STEVE INSKEEP, host:
Good morning. I'm Steve Inskeep.
Auto sales may be down in the U.S., and sales of gas guzzling sport utility vehicles may be down even more. But it's time to put the pedal to the metal in China. At the Beijing Auto Show, the Cadillac Escalade is the star of the GM display. SUVs and luxury cars are the fastest-growing parts of the car market there. And Chinese drivers can afford to fill them up. Thanks to price controls, Chinese gas remains under $3.00 per gallon.
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