BYD Co, a Chinese carmaker backed by US billionaire Warren Buffett, debuted its new generation plug-in sedan on Monday and said that it is likely to go on sale by the end of this year or early in 2013.

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Beijing Hyundai increased its 2012 sales target slightly but expects to maintain its current 6.2 percent market share this year, a senior executive said on Monday.

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General Motors expects sales of its Cadillac models in China to match US sales levels by 2015 or 2016, the company's chief executive said on Monday. 

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General Motors expects sales of its Cadillac models in China to match US sales levels by 2015 or 2016, the company's chief executive said on Monday.

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Global luxury auto brands are piling in to tap China's seemingly endless appetite for Audis and BMWs but, amid the ambitious sales forecasts, some signs point to trouble ahead for sleek high-priced vehicles.

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A model stands next to China's BYD F3 at Auto China 2012 in Beijing.

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China's massive car market may still be young, but the auto industry CEOs descending on Beijing this week will see first hand that it's also growing up fast.

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Global luxury auto brands are piling in to tap China's seemingly endless appetite for Audis and BMWs but, amid the ambitious sales forecasts, some signs point to trouble ahead for sleek high-priced vehicles.

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A model stands next to a Mercedes-Benz Concept Style Coupe at Auto China 2012 in Beijing.

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Nissan Motor Co is proving that being late to the party in China doesn't have to be a handicap, and is poised to widen its lead among Japanese automakers in the world's biggest car market with speedy and aggressive expansion plans.  

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A visitor looks at the Bentley EXP 9 F SUV concept car at Auto China 2012 in Beijing.  

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A visitor (R) sits in the Audi Q7 40 TFSI at Auto China 2012 in Beijing.  

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Nissan Motor Co is proving that being late to the party in China doesn't have to be a handicap, and is poised to widen its lead among Japanese automakers in the world's biggest car market with speedy and aggressive expansion plans.

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A model stands next to a BMW X6 AC Schnitzer car at Auto China 2012 in Beijing.  

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Visitors walk past a poster of a Jaguar XK at Auto China 2012 in Beijing.

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Global car makers are counting on China to maintain growth in their premium offerings, even as all the signs point to an overall slowing in the world's largest auto market.

Even conservative forecasts have China's automobile market surging to 30 million vehicles a year by 2020 from last year's 18 million.  

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A worker cleans a Chevrolet CODE 130R at Auto China 2012 in Beijing.

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Volkswagen is shifting its expansion in China to the western region where Europe's largest car maker needs more production bases to strengthen its dominance in the world's biggest auto market.