If, in ten or twenty years (as some claim), China will be the world's largest market for automobiles, what do you think will happen to Maytag sales?
One would hope that the Chinese choose laundry and cooking devices before cars--
I will grant you the speculative "10-20 years" ad arguendam.
Obviously, the Chinese will be buying vehicles which will be PRC-manufactured knockoffs of US vehicles. In other words, GM, FoMoCo, BenzChrysler will have been raped.
Quote: If, in ten or twenty years (as some claim), China will be the world's largest market for automobiles, what do you think will happen to Maytag sales?
Yes, china is going to have a huge market for cars in 10 years. The only problem is they are going to be buying them from their own companies, not the US companies.
GM spent million on a new factory in china for a small compact car. Cherry motors copied the car down to the littlest details and built their own assembly line and are now in competition with the GM model.
The big problem is GM spent the hundreds of millions on the design and R&D and cherry car co has very little because they bootlegges it. Little bastards.