Backed by large oil reserves and a population bigger than Saudi Arabia's, Iraq is attracting global automakers such as General Motors, Ford and Volkswagen. VW forecasts industrywide sales in the country to rise by a third this year.
When foreign automakers refer to their Chinese "partners," they are not using the word in its real sense. But when and Geely announced a technology partnership, we had good reason to believe they truly meant it. Why? Let's start off by considering rival partnerships.