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Hopes for Chinese rescue reined in

China has provided a glimmer of hope in the depressed global car industry.

Chinese consumers have returned to the showrooms in large numbers, making March a record month for sales. China's car companies are rumoured to be among the bidders for some of the west's most famous brands such as Volvo, Saab and Hummer.

The country's carmakers could even be about to leapfrog an entire generation of automotive technology and take over the world market with their electric cars, according to some industry observers.

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