Some predictions have the Chinese auto market growing by 144% in the coming years. In this video, Brendan Byrnes discusses which auto companies are most likely to benefit. Right now, he says, General Motors and Volkswagen have substantial market share and are likely to expand on their stakes. Ford isn't as big in China as GM or VW are, but it's investing heavily and won't go away quietly. With a decline in Japanese auto sales stemming from the country's current anti-Japan attitudes, American companies could benefit, despite some headwinds related to regulations and infrastructure. Check out the video for further details.
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The article What China's Massive Auto Boom Means for Detroit originally appeared on Fool.com.
Austin Smith and Brendan Byrnes own shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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