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March 2, 2006

China uses Brazil to strengthen auto position

It's no secret that China is quickly becoming a force to be reckoned with in the area of manufacturing and global commerce. One need not look any further than the collossal dam that is being erected.

Now their is increased activity in the automotive sector. Don't look now the Chinese expect to launch a vehicle that will retail for roughly $7000.00. I would imagine that the quality will be heads and shoulders above the former, Yugoslavian Yugo debacle, circa 1989. These vehicles are expected to hit the street in 2007-8.

China Seeking Auto Industry, Piece by Piece - New York Times

Posted by AG at March 2, 2006 12:24 AM