Posted on 01/11/2006 11:43:22 AM PST by JZelle
Chinese companies are racing to enter the U.S. auto market. One manufacturer previewed this week at the North American International Auto Show, and another plans to hit dealerships by the end of next year. "For sure, nobody needs another manufacturer, if all we were going to do was manufacture another car. But we are going to make a dramatic change in the price [structure] of higher-priced cars," said Malcolm Bricklin, the 66-year-old chief executive of Visionary Vehicles, a New York City company that has long-term plans to sell 1 million cars a year built by China's Chery Automobile Co. in the U.S. Mr. Bricklin plans to introduce midlevel cars, competitive with Japanese and Korean sedans and crossovers, to the U.S. by the end of 2007, he said yesterday from his New York office. Cherys, which will be sold under a yet-to-be-determined name, will be priced about 30 percent less than competitors.
(Excerpt) Read more at washingtontimes.com ...
Let me guess what the will come from the Wal Mart bashers around here.
"Soon available at your local Wal Mart at an everday low price." Always.
They are not going to be able to sell cars here at a profit unless they revalue their currency or let it float. They would have to accumulate a vast number of dollars if they don't. I think they are about to learn another lesson in free market capitalism.
China's Chery Automobile Co-sounds like chevy
where do their engine designs an trannies come from> hmm
That would be the high-end Japanese and EU models, then. Not too many American models in this group.
I think they are going to run into that wall.
When things heated up in the car wars of the seventy and eighties between us and Japan...no one had a political problem with Japan. After all, we built that country after WWII...but China is quite different. The country isnt liked, and there's a lot of patriotic reasons to not like the place.
Chinese food is one thing, Chinese girls is one thing too, but Chinese cars...now...that's where you got to draw the line.
"Soon available at your local Wal Mart at an everday low price."
Has Briklin ever been involved in any venture that actually, you know, made money?
If it comes under $8,000, there I would be willing to buy one. Especially if it lasts to at least 100,000 miles.
If it comes under $8,000, there I would be willing to buy one. Especially if it lasts to at least 100,000 miles.
Heh...communist cars.
Crazy Vaclav: She goes 300 hectares to a tank of kerosene.
Homer: What country is this car from?
Crazy Vaclav: It no longer exists.
-Attempting to start car as Valclav pushes it-
Crazy Vaclav: Put it in H!
I am going out on a limb...I bet Chinese cars suck.
Recently one of this pieces of junk failed miserably in crash tests. its not like the Chinese care about safety, or people for that matter...They are good at making cheap stuff, cheap. I wouldn't trust them with a car.
The asian trade strategy is always simple. Recieve large sweet deal loans from banking buddies to build up cash reserves. Dump their slave labor made product on the US while taking a loss, hold out till other US and competing companies go bankrupt trying to match prices, then you'll have the market to yourself or only a few other companies, work together as a monopoly to fix prices on all products for maximum profits.
My guess is that the Japs are going to take a bigger hit from Chinese autos than Ford and GM.
"DO NOT BUY communist cars!"
Wouldn't by a car from Commie China if it was as good as a Rolls Royce and cheap as a Hyundai.
However, I'm sure I'll be seeing them all over San Francisco and Berkeley.
Give it 10-15 years and everyone will be driving around in these little Chinese potatoes just like they do in Japanese and Korean ones now.
A new car under 8,000? Sounds like a deathtrap.
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