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Thread: China to buy GM and Chrysler?
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[quote=DODGER,338839]From conversations that I have had with locals, they appear to be very much into “branded goods” and will pay more than a Chinese branded product even though both are made in China. Chinese cars appear to be very well made and seem to be extremely good value. I looked at a number of models with a view to purchasing one. After much nagging from HID I finally settled on a Japanese model just to keep the peace. So I ended up spending about 70% more for virtually the same thing. Along with India, China has the larges untapped domestic market in the World. What they lack is brand recognition and market credibility. The know how is already there. A global marketing plan would give them, at a cheaper cost the same results as buying a US brand. (Which the Europeans in general think is crap) But they have money to burn and in some cases, no idea what to do with it. But as Garry has alluded to, it sounds like another scam about to happen. GM execs will walk away with millions, transferring their ill gotten gains off shore and workers who have given their labour in good faith, in some cases for years, will be left standing in line at the soup kitchen.. Once I built a railroad….now it's done. Buddy, can you spare a dime? Dodger. [/quote]
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