Posted on 03/13/2012 12:53:06 PM PDT by ColdOne
The first Chinese car that you buy may actually be American.
California startup automaker Coda Automotive began production of its all-electric sedan on Monday at a facility in Benicia, outside of San Francisco. The battery-powered four-door is assembled from a glider” -- basically a complete car without a drivetrain -- that’s built by Coda in China under license from local automaker ChangAn Hafei. Its 31 kilowatt-hour lithium-ion battery pack comes from Tianjin, China-based Lishen Power Battery and powers an electric motor manufactured in Colorado by UQM Technologies.
(Excerpt) Read more at foxnews.com ...
It looks like our o buddy George is at it again. Chek out this article from 2006:
“China’s New Heavy Hitter
Billionaire George Soros is offering Chery $200 million to produce Chinese vehicles for the U.S. Where does that leave Bricklin?
By ALYSHA WEBB AND GAIL KACHADOURIAN | AUTOMOTIVE NEWS
AutoWeek | Published 06/14/06, 4:48 pm et
Billionaire investor George Soros wants to be an automaker.
He is preparing to invest $200 million in a joint venture with China’s Chery Automobile Co. to produce vehicles and distribute them in the United States, say sources at Chery and elsewhere in the industry.
The big question: Will the New York investor push entrepreneur Malcolm Bricklin from main partner with Chery to a subordinate role?
Bricklin, reached in his New York office last week, was tight-lipped about the situation. He confirmed that an investor, whom he refused to name, has committed $200 million to Visionary Vehicles LLC, which Bricklin established to form a joint venture with Chery and import cars to the United States.
Asked whether the investor is Soros, he said, “No comment.”
Bricklin also declined to indicate whether the investor would gain control of Visionary Vehicles. He said the joint-venture agreement between Chery and Visionary Vehicles “is being finalized as we speak.”
Soros and Chery declined comment last week.
Soros, 75, built a fortune spotting investment opportunities overseas. He also is well known for his liberal politics and philanthropy.
Soros’ $200 million is in escrow and not yet available to the joint venture, sources say. The billionaire’s investment was arranged by Atlantic-Pacific Capital Inc., an investment bank in Greenwich, Conn.
Any agreement would have to be approved by the Chinese government. The government is expected to support the joint venture; Beijing has steadfastly supported Chery’s export plans.
It is not clear what role Bricklin would play if Soros and Chery strike a deal. Two sources say Bricklin’s role would be reduced.
Asked what role he would play under the agreement, Bricklin’s reply left room for interpretation: “I believe I will be doing exactly the same thing I’ve been doing since the beginning.”
Bricklin announced his plans to import Chery vehicles in 2004. He since has been recruiting dealers. He says he has signed about 50, but his staff will not release the complete list.
Bricklin, a skilled salesman, has had a long career starting auto importers in the United States. He successfully launched Subaru here in 1968. His best-known failure was Yugo America Inc., which died in 1992.
Chery, which sold 189,000 cars last year, is China’s largest fully domestic carmaker. By comparison, Shanghai General Motors, a joint venture between GM and Shanghai Automotive Industry Corp., sold 325,000 vehicles.
Chery, based in the central China province of Anhui, is owned by the local government. Last year Chery exported 18,000 units to developing countries such as Egypt and Malaysia, making it China’s largest car exporter.
Chery assembles cars in Iran and recently signed an agreement to assemble cars in Russia.
Bricklin had predicted Visionary Vehicles would start exporting cars to the United States in 2007. Chery sources say a more likely date is 2009.
Soros was born in Budapest, Hungary. After earning a degree at the London School of Economics, he moved to the United States in 1956 at age 26.
He started an international investment fund and accumulated a fortune estimated at $7 billion in 2004. He is chairman of Soros Fund Management LLC.”
Hello, Fadda,
Hello, Mudda,
I just bought a
Brand new Coda.
If you see me,
In the future,
I’ll be covered
with many sutures.............
Here is an article that implicates both George Soros and Maurice Strong
(do you suppose this was the endgame all along?)
http://www.canadafreepress.com/2006/cover122606.htm
Wow, a ridiculously expensive plain-jane compact lectricchinesejunkmobile. The perfect car for single, overthehill, ecohippie chicks from Kalifornia. You know, women sort of like the ditzoid woman who teaches her Beagle and Cockatoo to play golden oldies in that Geico ad in order to save money, only quite a bit older than her with grey hair, no makeup, armpit and leg hair, a capacious mu mu, and Earthshoes. You know, like the women that currently drive the “Smart” car and Honda Insight.
Coda Automotive? Vehicles for co-dependents?
I was in an antique auto museum recently where they had an electric car from 1911 on display.
It was targeted at a customer base not too different from what you are describing.
Obviously they did not survive very long.
They’ll take the money from US taxpayers and be gone in less than 36 months.
It will be another electric failure and a few invisible cronies are going to walk away rich.
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