China automakers look overseas as local slowdown frees capacity

[frankxbe]

HANGZHOU, China (Reuters) -- Ramped-up capacity by Chinese automakers during the heady days of 30-50 percent annual growth has bumped headlong into a domestic slowdown, and indigenous firms are now seeking buyers in far-flung corners of the world -- from Egypt to Ukraine to Indonesia.

With Western markets still out of reach, China's domestic automakers are staking their export push on the same formula that's worked for them at home: no frills but acceptable quality
Read more: http://www.autonews.com/article/20120512/GLOBAL/120519964#ixzz1ujEjXTDu
I think Toyota , Nissan,Honda and more recently Hyundai-KIA followed a similar path.
We had 18 major individual domestic US car and light truck brands in 1960 including the short lived Edsel brand there are 9 individual US brands today Not counting US and overseas produced import brands

Admittedly poor management and badge engineering along with global factors played a big hand in their demise something they should have worried about 35-40 years ago.

Chrysler, Dodge and Jeep (Chrysler LLC ) is now mostly owned by Fiat .
GM (for the time being government motors). still owes the taxpayers . Ford is trying to raise capital to pay their private debt down they even mortgaged their blue oval trademark. All three seem to be turning around for now. hopefully all three will succeed and prosper . No political discussion is intended here only business ,automotive and industry trends .

I wonder how many will be left in 5 or 10 years here an interesting article .
http://www.boston.com/cars/newsandreviews/overdrive/2010/06/a_salute_to_the_dead_us_car_br.html

 

[RamblinE]

The Top Gear guys checked in to China this past season. Verdict? Long way to go but they're starting to make progress. A lot of their domestic market is still populated by knock offs. Nothing seemingly too original.

 

[Sandy G]

They'll figure it out. Befoe all the current brou-ha-ha, GM was talking of putting up a Cadillac plant there-And MAYBE, exporting some of its output HERE. There are several species of Buicks that are "China Only" models.

 

[frankxbe]

They'll figure it out. Befoe all the current brou-ha-ha, GM was talking of putting up a Cadillac plant there-And MAYBE, exporting some of its output HERE. There are several species of Buicks that are "China Only" models.

GM to build Cadillacs in China. General Motors is preparing to build three additional Cadillac models in China with the help of its principal Chinese partner, Shanghai Automotive Industry Corp. or SAIC. The cars are expected to compete for high-end Chinese buyers.http://fromtheopdriversseat.blogspot.com/2012/05/gm-to-build-cadillacs-in-china.html

Ford Motor Co is investing $760 million to build a new plant in eastern China
The announcement comes two weeks after Ford said it would invest $600 million to build a third plant at its Chongqing complex in southwest China and is part of the largest and fastest expansion by the company since the 1960s in North America and Europe. Ford has now announced or begun building eight assembly and powertrain plants in Asia.http://www.reuters.com/article/2012/04/19/ford-china-idUSB9E7MG02M20120419

Chrysler Group reportedly is "aggressively" exploring the possibility of building more vehicles in China,Chrysler, managed by Fiat SpA, could build cars and trucks in China through a joint venture between Fiat and Guangzhou Automobile Group, Reuters reported.http://www.just-auto.com/news/chrysler-could-build-vehicles-in-china-with-fiat-exec_id112227.aspx

Plans by All 3 US automakers are already well underway .