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China's Chery Will Build Cars in Brazil
Wall Street Journal ^ | PAULO WINTERSTEIN

Posted on 07/19/2011 10:17:21 PM PDT by AfricanChristian

JACAREI, Brazil—Chery Automobile Co., one of China's biggest auto makers, on Tuesday began construction of its first factory in Brazil in hopes of expanding its share in the world's fourth-largest auto market.

Its factory, located in the city of Jacarei about 100 kilometers from Sao Paulo, will begin producing about 50,000 vehicles a year by the end of 2013 and expand to expand to as many as 170,000 vehicles a year, Luis Curi, chief executive of the company's Brazilian unit, said Tuesday.

The Jacarei plant will lead to the arrival of about 20 Chinese parts suppliers, as well as local producers to manufacture compact cars. The factory represents a $400 million investment by Chery and China's Development Bank. Chery currently has 12 factories that only assemble cars from imported parts.

"Brazil is increasingly becoming one of the world's most important markets and no company wants to be left out," Chery Automobile President Yin Tongyue said while laying a cornerstone of the factory. "This is our biggest investment outside China and will be the base of exports for all of South America."

(Excerpt) Read more at professional.wsj.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: brazil; chery; cheryautomobile; china

1 posted on 07/19/2011 10:17:25 PM PDT by AfricanChristian
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To: AfricanChristian
Looks like the new models are hot even though they are a little exotic for my taste.

Now the car on the other hand looks like crap and is probably as safe to drive as using all their other poisoned and dangerous products.

2 posted on 07/19/2011 10:28:41 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Lazlo in PA

Most people in Western Europe and the US wouldn’t be interested in Chery crap ....just yet. However, there are at least 3 billion outside the developed World who would.

Just saying.


3 posted on 07/19/2011 10:43:44 PM PDT by AfricanChristian
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To: Lazlo in PA

I suspect that American safety standards will be lowered for this one model.


4 posted on 07/19/2011 10:45:53 PM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: AfricanChristian
You have to subscribe so I do not know if WSJ told the "rest of the story."

Probably not. The WSJ loves that cheap, compliant, lucrative labor of the 'dem Red Chinese. Got rope, WSJ? (Lenin said that you useful idiots would sell them the rope to hang you guys.)

The following was copied from wiki and one other source (a comment by me at the end).

Copying claims

The Chery QQ (left) and Daewoo Matiz (right).

In June, 2003, American company General Motors sued Chery accusing it of copying the first generation Daewoo Matiz (developed by a GM subsidiary, GM Daewoo) in its design for the Chery QQ.[34][35] General Motors then went on to accuse Chery of using a Matiz in a crash test for the Chery QQ.[35]

GM executives claimed design duplication,[36] with many parts interchangeable between the QQ and the Matiz,[9] and GM China Group stated the two vehicles, "shared remarkably identical body structure, exterior design, interior design and key components."[36]

While some Chery cars are not copies, such as the Pininfarina-designed A3,[37] the QQ may not be the sole Chery model that wears famous-name designs; the Chery Tiggo is criticized for resembling the second generation Toyota RAV4.[38] Other model using the Matiz technology found in the QQ may include QQ6.[citation needed] The Magnus and its derivatives (Eastar, V4, B12, and B22) are also considered by some to be copies.[why?] [edit] GM lawsuit

After mediation attempts failed, then-GM Daewoo (now known as GM Korea) brought a case against Chery in a Shanghai court, but by 2005 jurisdiction had been moved[9] to the Beijing No.1 Intermediate People's Court.[39]

Around that time Chinese state officials, including a vice-minister of commerce and a vice-director of the State Intellectual Property Office, publicly supported Chery.[39] The Chinese have claimed that GM didn't properly patent their technology. [39] In late 2005 the lawsuit was settled. [end of wiki stuff]

More..

from case settled Date: June 2003, December 2004. Court: Beijing No. 1 Intermediate People's Court, Shanghai No. 2 Intermediate Court, China. Claim: 80 million yuan Settlement: In November 2005 the partners reached a settlement, which solved all the disputes and all the claims have been withdrawn. The Chinese government has played a role in the negotiations, all parties highly appreciated the efforts made by the relevant government authorities.

[My comments] The Red China communist people's court settle the case.. let's see. GM depends mightily upon Red China cheap labor and -- so far as they are so far allowed -- access to the Red China domestic market. Plus the Chi-Coms have already killed about 60 million of their own citizens.. what's a few more plus a handful of Americans?

5 posted on 07/19/2011 11:17:26 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: AfricanChristian
This is infuriating at so many levels. Here is how the long view of the chicoms has paid off:
- they willingly opened their cheap 'slave' labor force to foreign manufacturers;
- the chicoms get their peasants manufacturing skills they could not develop themselves;
- their mediocre engineers learn from the better foreigners; - over time they collapse the economy of their business 'partners' and lend them money;
- they copy manufacturing processes, technology, and designs along the way shortening their own learning curve;
- once the economic opportunity arises they flood the same market as their business 'partners' with a cheaper yet almost equal product;
- they bury the competition and take over that market.

The auto industry is only the newest example of this; they are well under way in the commercial aviation and space industries not to mention super computers and telecommunications.

All with the help of a short sided U.S. government (with their manufacturing unfriendly regulations) and their union benefactors.

Regards.
6 posted on 07/20/2011 5:37:39 AM PDT by Sine_Pari
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To: WilliamofCarmichael
Plus the Chi-Coms have already killed about 60 million of their own citizens..

my gut feeling is that most of the 60 million probably did something really bad to deserve death. Their prisons over there are probably pretty small as they don't waste anytime executeing the death sentence, If you are found guility of a crime that deserves death, your death will probably pretty much come the same day you were declared guility. No messing around, No TV, you go straight to the grave.

7 posted on 07/20/2011 5:53:21 AM PDT by ReformedBeckite ( 1 of 3 I'm only allowing my self each day)
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To: ReformedBeckite
Actually the 10s of millions of deaths were mostly due to Mao's "great leaps forward." Those were like how the millions of Russian and east Europeans were killed by many FDR Democrats' Uncle Joe in Russia.

I am old enough to remember each "great leap" (and the evil uncle of the 30's and 40s Democrats). I remember when the "agrarian reformers" seized control of China and our W.W.II ally the Nationalist Government, under the leadership of Chiang Kai-Shek, fled from mainland China in 1949 to Formosa (Taiwan).

Of course there are lots of videos of today's Red China commie people's justice on the net.

Hands tied, arms pulled back behind, commie foot in the victim's back.. held down on their knees by one commie official while another shoots him/her in the back of the head. And I guess like Mao's day the family must pay for the bullets.. or else.

I don't recall seeing the faces on the video.. I guess the peoples' government had removed eyes for sale abroad. Wonderful folks those supplier of cheap labor to "American" corporations. I hope to live long enough to see the people's commie government take all the bastards' assets just like the Soviets did when they lured the useful idiots into to Lenin's paradise 100 years ago.

Then I can watch the "American" corporations go crying to Washington asking for their "TARP." That kind of "government interference" is good for business.

8 posted on 07/20/2011 7:48:44 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Sine_Pari

Huawei is doing exactly the same thing in Africa. They have almost completely taken over the Telecoms business.


9 posted on 07/20/2011 9:18:29 AM PDT by AfricanChristian
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