On the other hand, Lin Huaibin, themanagerresponsible for China vehicle sales forecasts for IHS Automotive, a leading independent consulting firm, still expects the market to grow by 10 percent in 2011, stimulated by subsidies for fuel-efficient vehicles as well as the more than 9.5 percent GDP growth forecast by the IHS economist.
The deal at the center of the case filed Friday was done in early 2007, a time when themanagerresponsible was telling colleagues that the securitization market was about to take a turn for the worse.