Posted on 04/30/2010 6:05:23 PM PDT by NormsRevenge
LOS ANGELES – A rapidly expanding manufacturer of all-electric cars, solar panels and other green products from China announced Friday it will open a North American headquarters in Los Angeles, with plans to begin selling autos in the U.S. by the end of the year.
City officials said the arrival of BYD Inc. of Shenzhen, China, will initially create about 150 high-paying jobs as the company hires managers, designers and engineers to staff the new downtown headquarters. As it begins to market cars in the United States, officials expect several hundred more jobs to be created in related industries involving service and sales.
Gov. Arnold Schwarzenegger hailed the move as a coup for California and proof that the state's promotion of green energy programs is paying off by attracting high-tech, clean-energy companies that will help consumers reduce both pollution and their reliance on foreign oil.
(Excerpt) Read more at news.yahoo.com ...
They are coming to the U.S. for cheap labor and easy access to the U.S.
And they have the money!
Very appropriate, LA is exactly the same as Shenzen.
Without of couse a couple of great, exciting cities to vist within an hour or two.
Buy Your Debt?
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