Chuck
05-18-2009, 10:34 AM
http://www.cleanmpg.com/forums/../photos/data/2/Chinese_Flag.jpgChina is about to produce more cars than Japan or the US. They have the business and manufacturing expertise. If they buy Hummer, Saturn, etc, they get the missing ingredient of tech.
(http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702269.html)
http://www.cleanmpg.com/photos/data/501/Chinese_flag.jpgKendra Marr - Washington Post (http://www.washingtonpost.com) - May 18, 2009
The hubris of Detroit giving away the American auto industry to make stockholders happy for a few quarters looks even uglier. --Ed.
America's auto titans are dismantling their global empires. But across the Pacific, it's as if the global economic forces that have pummeled Detroit never struck. Chinese auto sales are up, and this year China is projected to displace Japan as the world's largest car producer.
Now, the auto world is buzzing that China's auto industry may try to pick up the pieces of Detroit -- at a bargain.
Chinese companies have tried to dampen speculation, issuing regulatory filings that deny bids to buy Ford's Volvo or General Motor's Saab. But there's little doubt among analysts that Chinese automakers are interested in the United States and that Detroit's automakers are interested in them.... http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702269.html
(http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702269.html)
http://www.cleanmpg.com/photos/data/501/Chinese_flag.jpgKendra Marr - Washington Post (http://www.washingtonpost.com) - May 18, 2009
The hubris of Detroit giving away the American auto industry to make stockholders happy for a few quarters looks even uglier. --Ed.
America's auto titans are dismantling their global empires. But across the Pacific, it's as if the global economic forces that have pummeled Detroit never struck. Chinese auto sales are up, and this year China is projected to displace Japan as the world's largest car producer.
Now, the auto world is buzzing that China's auto industry may try to pick up the pieces of Detroit -- at a bargain.
Chinese companies have tried to dampen speculation, issuing regulatory filings that deny bids to buy Ford's Volvo or General Motor's Saab. But there's little doubt among analysts that Chinese automakers are interested in the United States and that Detroit's automakers are interested in them.... http://www.washingtonpost.com/wp-dyn/content/article/2009/05/17/AR2009051702269.html