Wednesday, August 27, 2008

Can China Conquer Detroit with its Cheap Car Clones

Can China Conquer Detroit with its Cheap Car Clones: "The North American Auto Industry is facing the biggest downturn in its history, with $Billions in losses every quarter. Plant closures and job cuts by the thousands are now a monthly occurrence. Automotive analysts have questioned GM and Ford's viability going forward. Gas prices are widely believed to the primary cause however now there is another threat lurking around the corner. This one could be bigger and more ominous than any other that American automakers have faced previously.

China has begun pumping out more cars and trucks than ever before at ridiculously low prices. While most of their current vehicles built to date have been sold in China and Russia, they have been systematically progressing toward their stated goal of domination of both the North American and European Auto Industry."