China and Japan have reaped the greatest benefits of trade US last year: States Department of Commerce
Veteran auto entrepreneur Malcolm Bricklin contract with Chinese Chery Automobile blocked briefly, Bricklin stresses the lack of money and rival automaker Geely cars failed the emissions test runs US and side crash tests, so that engineers must redesign the cars and engines.
Conventional wisdom is that cheap Chinese cars are inevitable in the US But hiccups Chery and Geely CHAIR-ee show JEE-lee he won t be a wink.
Yes, they will be here, the question is who will be the first, said George Peterson, chief consultant AutoPacific He says Bricklin will be lucky to be selling cars by mid-2008, nearly a year later than expected Geely seems as if it is less prepared and take longer.
It took the Japanese 20 years to understand this market and build cars appropriate, Peterson said.
Bricklin tried to lift 200 million, including 2 million once every dealer who has signed today, he said he only has 37 dealers We thought we would arrive earlier money, he said by China phone last week, it was reassuring that it Chery now has 225 million Atlantic-Pacific Capital this company wouldn t comment.
The joint venture with Bricklin has not been set, Chery spokesman Wang Wei said on Friday takes time only 30 days or so of paperwork and other formalities, Bricklin said Chery can then start developing vehicles designed by the team of Bricklin specifically for Chery USA wanted to see the cash Bricklin first.
He hopes to start selling vehicles, says Michael Dunne, a veteran of the Chinese automotive industry and now president of Automotive Resources Board China-based Asia We are talking 2008 or 2009 in the US by the end of next year Unrealistic ,; 2007 is very unlikely.
The problems may be more damaging Geely We have a major problem with the current engine, said John Harmer, COO of Geely-USA He convinced us pass t pollution rules and could be difficult to redesign engines purchase another manufacturer would increase costs and possibly prevent Geely to hit its target of 10,000 US selling prices.
The car also failed a side crash testing designed to replicate the Geely engineers government traveling to the United States in the coming weeks to discuss security tests so they can redo the car, said Harmer.
Harmer foresees an end 08 U S on sale today, first in a few markets, probably near the ports.
Chinese automakers will face a huge amount of resistance to consumption, due to their novelty, until they prove they can trust, said Dan Gorrell, vice president of Strategic Vision research and consultation in addition to low prices, they'll probably need long guarantees and the type of treatment typical kid-glove luxury exhibition concessions, he said.
The plans to import Chinese cars have hit snags, Chinese cars.