At the time, Ford had just been bested by General Motors Company (NYSE:GM), its North American rival, in a hotly contested competition to form a joint venture with Shanghai Automobile Industry Corporation to produce passenger cars in China.

FORBES: Ford Affiliate To Buy China Truck Maker

The luxury vehicles, including Bugatti, Rolls-Royce, Bentley, Ferrari, and Aston Martin, drew huge crowds during the 14th Shanghai International Automobile Industry Exhibition.

FORBES: China's Auto Industry Shows Signs Of Impending Gridlock

The large crowds at the 14th Shanghai International Automobile Industry Exhibition, which I had the pleasure to attend, demonstrate the enthusiasm in China for automobiles.

FORBES: China's Auto Industry Shows Signs Of Impending Gridlock

The West Midlands-based luxury carmaker agreed a "milestone" deal with Chery Automobile and will build a plant near Shanghai, which is due to open in 2015.

BBC: Jaguar Land Rover sees lower profit margins

Anhui Jianghuai Automobile rose by the day's 10% limit in Shanghai, while FAW Car gained 2% in Shenzhen.

WSJ: Asia Markets Slip on Oil

Shanghai Autoalso happened to own a 20% stake in SAIC-Chery Automobile Co.

FORBES: Stolen Cars