1.
According to the article, what is the indication to show the importance of the Chinese market for multinational car companies?
Foreign carmakers, primarily General Motors and Ford, are gaining over local brands in China, the world’s largest auto market. An increase of 13% in passenger car sales has been declared in the month of May, and a breakup of this figure shows the ascendancy of manufacturers from overseas.
General Motors, which introduced the new Chevrolet Aveo family car in China this month, increased sales by 9.2% in May. On the other hand, Ford recorded a surge of 32% last month to total 93,323 units, helped by a rising demand for its Mondeo and Ford Focus cars.
The importance of the Chinese market for General Motors can be gauged by the fact that 35% of its worldwide sales in 2013 came from China alone.
Volkswagen, too, has reaped the rewards from a profitable Chinese market, cashing in on 31% of its global sales from China.
Apart from car sales, these companies also benefit from their joint ventures in China by way of technology, brand royalties, and additional financial returns from automotive components that they sell in China.
According to the article, what is the indication to show the importance of the Chinese market for multinational car companies?
Approximately what part of GM's global sales came from China in 2013?
Which of the following is a product of Ford?
Foreign carmakers, primarily General Motors and Ford, are gaining over local brands in China.
In the above sentence, what does the word primarily mean?
Volkswagen, too, has reaped the rewards from a profitable Chinese market, cashing in on 31% of its global sales from China.
In this sentence, what is the meaning of the phrase cash in?
Apart from car sales, how else do multinational companies benefit from the Chinese market?
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