The Chinese are clearly getting tired of having their automotive markets dominated by joint ventures which benefit foreign companies like GM (GM) and VW. That may make it much harder for the big car companies to get sales from the fast-growing market.

In a sign that China plans to build out its own car industry, the Shanghai Automotive Industry Corporation and Nanjing Automobile Corporation. Shanghai Auto is a partner with both GM and VW, but good things never last forever.

Douglas A. McIntrye