China Seeks Inroads Into U.S. Car Market – Ken Bensinger

From The Los Angeles Times:

Amid all the futuristic vehicles, “green cars” and much-hyped “crossovers” being unveiled this week at the Detroit auto show , one of the biggest game changers coming to the American automotive market may be a simple price sticker.

How’s this for innovation: $14,000 for a fully loaded, mid-size sport utility vehicle with a leather interior. The catch: It’s . Four Chinese automakers and an American importer of Chinese cars showed off their wares here Monday, with one promising to bring vehicles — including the SUV — to the U.S. as soon as the end of the year. It was a torrent of activity from an industry that made its debut at the Michigan big boys’ party only two years ago. [Full Text]

January 15, 2008 8:54 AM
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Categories: Economy