Luxury Automakers Scramble To Woo Young Chinese

BEIJING (AP) — At age 32, Jason Jia already is the kind of customer luxury automakers are seeking as competition grows in China's lucrative but crowded market. The energy industry consultant has traded up from a Volkswagen Polo to a VW GTI. Now, as he stood looking at a Cadillac CTS at the Beijing auto show, he said he wants a Mercedes Benz or a BMW. "The engine needs to be turbo," said Jia, who has a budget of 500,000 yuan ($80,000).Read more on NewsOK.com

 

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