In Q1 '11, a report by the Chinese Association of Automobile Manufacturers finalized their sales at an increase of 13.81%. If this trend keeps up, they will crush the U.S. in auto sales this year by almost 40% or more..
I followed this trail some more and found China has made efforts to purchase Saab and is looking to buy more in the European auto industry, and has manufacturing plants opening in its country for Ford (transmission building plant). Suppliers are looking at how to expand into the local auto manufacturing as well since they own about 40% of the market compared to international sales.
Geely Automakers has already bought out Volvo. While this happened in '10, it will be something to watch moving forward as they will have a full year with Volvo in '11.
One thing that jumps out to me is the thought that these automakers may get left out of the Chinese markets; whereas they are going to be bought by Chinese companies and will then have all the access they need.
Note: these trade in Hong Kong