Global carmakers converge on China as rare slowdown looms

Shanghai

GLOBAL carmakers converge on China for the Shanghai motor show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world's biggest car market.

Manufacturers have reaped a windfall as the fast-expanding Chinese middle class hits the road, but clouds loom as Volkswagen, Toyota, GM, and other top nameplates pitch their latest models starting this Wednesday at China's biggest motor showcase.