Honeywell, one of the world's top 500 enterprises, recently announced that the Company will enter China's auto service industry; the first outlets will be located in Shanghai. This is another MNC that invests huge amounts of money in foreign markets followed Red Cap Co. and anji-jiffylube Co.
With the rapid growth of private cars in China, the auto industry has shown unprecedented vigor and vitality and is stepping on the track of industrialization, specialization and standardization. Chinese auto markets will face re-shuffling with the coming of services giants.
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