It is easy to point to Chinese cars as being low-quality and cheap. But, in place like Africa and Latin America, that may not be such a bad thing. And, the US, European, and Japanese car companies are trying to sell vehicles in those emerging markets as well.
According to Bloomberg "auto exports from rose 70 percent to 294,000 units in the first seven months from a year earlier." One analyst told the news service that “China has to expand its overseas markets as production capacities for vehicles are rising much faster than we had expected.”
Over time, that cannot be good news for companies like GM (GM), Ford (F), Toyota (TM), and Honda (HMC).
Douglas A. McIntyre
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