Posted on 11/29/2007 8:37:49 AM PST by charles m
MEXICO CITY -- Construction has begun on an auto assembly plant in central Mexico that will create thousands of jobs and be the country's first to produce Chinese cars.
Mexican President Felipe Calderon attended groundbreaking ceremonies for the factory, which will be financed by an arm of Mexican conglomerate Grupo Salinas and China's state-owned FAW Group Corp., one of the nation's largest automakers.
"Most of the world's investments used to go to China, and today China has come to invest in our country because it recognizes an enormous opportunity in Mexico thanks to its domestic market" and proximity to the U.S. and Latin America, Calderon said.
Due to open by 2010 in Michoacan state, the plant is expected to churn out 100,000 cars a year for sale in Mexico and Central America, according to a statement from Grupo Elektra, Grupo Salinas's electronic goods and consumer financing unit.
Grupo Elektra and FAW are investing $150 million to construct the factory, which is expected to employ some 4,000 people and bring up to 20,000 additional jobs to the local economy, Javier Sarro Cortina, head of Grupo Salinas Motors, said Friday.
FAW-line cars will start selling in Mexico early next year. The cars will retail for as low as $6,280, Grupo Salinas chairman Ricardo Salinas Pliego said at the groundbreaking. Chevrolet's smallest Chevy sedan, one of Mexico's most affordable cars, sells for about $7,100.
Will they call it the Nova?
The plant and the cars will cause global warming and must be banned.
Such a plant is coming to a neighborhood near you soon the Red Commies have annouced. Probably worked by Illegal Mexican invaders.
It should be REALLY interesting to see how they hold up in an accident - and if they are painted with lead based paint.
Do we use lead-based paint on our cars?
Also, not to defend the Red Chinese Commie scumbags, but lead base paint was pretty common years ago and there were no problems.
Guess nobody back then let their kids gnaw the woodwork.
Oh great, a car that sneaks out of the garage and poisons people....................
I agree. That lead-based paint scare that they put out is really un-necessary. Don’t eat the paint chips.............
Chinese Car Plant
“Don’t eat the paint chips.............”
That is what we all said before when the government forced all the regulations on the paint industry to force them offshore in the first place.
Looks like a 1989 Eagle Premier.
Oh! I would love one of those. And such a sylish color to boot. To get out of it you would have to open the door, fall out on the ground, then stand up and rearrange you clothing. Rolling death trap if you ask me.
Oh goody...At last....my American Flyer will come with a roof and doors!!
![](http://www.faw.com/product/automobiles/images/hq3/wg/big/12.jpg")
And here's their Lexus ripoff.
And here's their Lexus ripoff.
I don’t think I would buy a Chinese-made car if it cost a hundred dollars brand new.
I wonder if they will mind if I cross the border and work at the plant, use their resources and send the money back to my poor family in America??
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