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Hey I really don't like chinese cars coming into the states, I believe that we should as a nation strive to keep our Big 2 at the "BIG 2" status. As much as that would be cool they(GM, Ford) also need to start catering to our needs a little more. We live in a world where half of the things we own at home have different nationalities, we are destined as a planet to become intertwined with products, especially with the advent of the internet, anyway...
My main point is, this a chinese car company that started up in 1997. Fairly new, coming into the US market in 2008, now we know for a FACT these little economy cars will be bought I don't care what anyone says, the low income family who wants to surprise their child with a brand new vehicle will buy this. Especially under 10k, that's a bargain, now we do not know about how reliable these vehicles will be but with our current knowledge of most asian companies it may just be a reliable vehicle that gets you from A to B. It may flop, or not.
My main point is, this sounds like a pretty good investment opportunity come time for them to infiltrate our market. Especially since they are at a very low price per share.
I don't like these foreign cars coming into the U.S. either. My biggest hangup is that they are STEALING engineering from western companies and no one seems to have a problem with it as long as the car is cheap enough and has good quality. If it were a level playing field and these foreign companies had to do their own engineering and development, I still wouldn't buy one but I wouldn't be as pissed about it. The bottom line is that there are a lot of "Americans" out there that don't care about these "little" side issues-they just want good quality as cheap as they can get it. I bet there are more people in the US government concerned with the chinese copying dvd's and cd's than there are working on the THIEVERY of automobile engineering.
Interesting comment. So, if/when the quality of the Chinese products gets high, I guess it would then be OK to buy one of their vehicles?
No, but maybe after they are no longer an oppressive communist dictatorship and take up fair trade practices it might be. Provided that they figure out how to build a decent car.
What happened to the rumor of Ford bringing back cars like the Fairmont in that price range? I don't remember where I heard that, but if I could get a brand new rear drive four cylinder Fairmont, LTD, Granada, etc, in the sub- $10k range, I would.
Some points: The Chinese own 2 trillion $ of US paper. If they call for payment you are toast. Japanese auto manufacturers such as Toyota and Nissan have plants in the States. And US manufacturers have plants in Mexico, Brazil and other areas. As long as US companies keep moving off-shore the economy is going to be affected. That is the problem of a global market. Keep smiling and enjoy what you've got.
Last edited by twayneb; Jan 16, 2006 at 10:19 PM.
Reason: spelling
Global market does not hurts Ford and GM as much as workers in North America. GM will layoff 35,000 people, Ford around 30,000 in US and Canada. At the same time they are building more in China. Yes you can "enjoy" global market until takes your job...
Until the American and Canadian public stop buying from the Wal-Marts and Targets (who buy a ton of stuff from overseas) you aren't going to change anything. We have become victims of our own success and priced ouselves too high. Look at all the service phone centers in India etc. for one example. That's all I'll say because politics will start to creep in.
Last edited by twayneb; Jan 16, 2006 at 10:40 PM.
Reason: addition
Global market does not hurts Ford and GM as much as workers in North America. GM will layoff 35,000 people, Ford around 30,000 in US and Canada. At the same time they are building more in China. Yes you can "enjoy" global market until takes your job...
They are laying off these people because of overcapacity not because they make to much. When you are only running your factories at 70% you have a problem.
Hmmm, funny thing happened the other day...way before I read this thread...my 14 year old daughter asked me if she should take Spanish or French to fulfill her foreign language requirement in High School next couple of years....I told her not to take either one. Chinese would be her best bet.
She thinks I'm nuts....well she has always thought that anyways.
Will she take Mandorin (sp?) or Cantonese? (Serious question)
I would also recommend Hindi as well - in fact probably more so than Chinese, as (without getting into politics), the Indian government has been more receptive to investment from other nations than China.
Actually, I told her that there could be hundreds of regional inflections in addition to hugely varying ethnic influences to the many Chinese dialogs.
My company is one of the few I know currently sending equipment to China. I don't expect it last long though.
In keeping with the thread...their industrial machine is sucking up the world's resources at an alarming rate. Steel and stainless steel is sometimes very hard to get and sometimes at an extreme premium. Won't even get into the impact they have had on diesel fuel and their relationship with the jerk that runs Venezuela and their oil monopoly.
That is Citgo BTW...buy Citgo gas / fuels and you directly fund the Venezuelan government and indirectly contribute to funding the New Chinese Industrial Magnet. Nothing political. Just stating fact.
The Chinese economic might is already stagering...Their Weapon of Mass Destruction will be...the almighty dollar. Get ready for it..."In Buda We Trust"
It started with little tin cars over 50 years ago. Now they are sending big tin cars...what will it be in another 50 years? Or 10?
They are laying off these people because of overcapacity not because they make to much. When you are only running your factories at 70% you have a problem.
Yes they run at 70% thanks to global economy. In 10 years Ford and GM may become China's companies and then they will close factories in North America.
I am not sure that working for Wallmart somebody will be able to afford even China's car.
Not likely as far as closing down factories in NA. There is a reason that Honda, Toyota and other manufactures are making there cars here, tarifs. Add that to the cost of shipping and they can't compete. While is possible that GM and Ford one day could end up under forign ownership the cars would still be made here.
Oh and I would contest that it is because of the global compitition. More likely that they can't seem to make cars that we want to buy other than a few exceptions.