Post by Marc on Sept 19, 2005 12:54:24 GMT -6
China will be a force to reckon with in the car business before too long, according to this article at TCC.............
Chinese Pose "Daunting" Challenge
The unprecedented display of three separate Chinese brands at this year's Frankfurt Motor Show underscores the "daunting" threat they pose to the established order in Europe and theU.S., said Chrysler Group marketing chief Joe Eberhardt. Though only one of the three is yet on sale in Europe, and none have yet come to the U.S, Eberhardt told TheCarConnection, "it is undeniable they will have a significant impact." And quickly, he fears. The DaimlerChrysler executive noted that it took the Japanese more than 20 years to become serious competitors in Western markets, and the South Koreans, "half that time." With the assistance of foreign partners, Chinese manufacturers could move even faster, once they venture outside their own borders, he said, adding, "It's just the trend to globalization in every segment in every market." -Paul A. Eisenstein
www.thecarconnection.com/Auto_News/Daily_Edition/Daily_Edition_Sep_19_2005.S173.A9277.html
Chinese Pose "Daunting" Challenge
The unprecedented display of three separate Chinese brands at this year's Frankfurt Motor Show underscores the "daunting" threat they pose to the established order in Europe and theU.S., said Chrysler Group marketing chief Joe Eberhardt. Though only one of the three is yet on sale in Europe, and none have yet come to the U.S, Eberhardt told TheCarConnection, "it is undeniable they will have a significant impact." And quickly, he fears. The DaimlerChrysler executive noted that it took the Japanese more than 20 years to become serious competitors in Western markets, and the South Koreans, "half that time." With the assistance of foreign partners, Chinese manufacturers could move even faster, once they venture outside their own borders, he said, adding, "It's just the trend to globalization in every segment in every market." -Paul A. Eisenstein
www.thecarconnection.com/Auto_News/Daily_Edition/Daily_Edition_Sep_19_2005.S173.A9277.html