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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (19718)	6/13/2002 12:05:05 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi ACF Mike, welcome back! Globalization chat got you back to this thread? Update: Pezz is into gold now. Maurice still insists on sacrificing himself on the BBQ grill, surrounded by Aztec Cross bearing cubs, all chanting Qcommmmm. DDGU, Jay

To: AC Flyer who wrote (19718)	6/13/2002 1:16:18 AM
From: TobagoJack	Respond to of 74559

Hi Mike, A journey, even of 10,000 miles distance, starts with a single step. I am sure the distributorship for the Northeast is still available: search.ft.com ASIA-PACIFIC: China exports first cars to US By Richard McGregor in Shanghai and David Ibison in Tokyo Financial Times; Jun 12, 2002 A batch of 252 Chinese cars was loaded on to a cargo ship yesterday bound for the US in what the manufacturer, the Tianjin Auto Group, heralded as the mainland's first vehicle exports to the prized American market. It was not clear, however, whether the loading was merely a public-relations gimmick, or represented the beginnings of something more significant for China's fledgling but ambitious carmakers, similar to the first overseas car sales by Japan in the sixties and later South Korea. The state-owned Tianjin Auto Group signed an agreement in April with a Florida company, American Automobile Network Holdings, to export at least 25,000 cars over five years, known as the Xiali, to retail at $10,000 each (ý6,800). But the first batch of cars are being sent to the US on a trial basis, while the vehicles are checked to see whether they meet American safety and emissions standards, a process that takes some months. The Tianjin Auto Group, based at the port city of Tianjin, near Beijing, has a joint venture with Toyota, making 1.3 litre engines, and also plans to also produce a car in the future with the Japanese manufacturer. A number of Chinese reports yesterday said that the export drive had been done in co-operation with Toyota, but the Japanese company said it had no involvement in it. "There is no Toyota badge and no Toyota guarantee," said the Japanese company. Michael Dunne of Automotive Resources Asia in Beijing, said he was shocked to hear that the sub-compact Xiali car might be exported into the US. "They are losing money and market share at home, and the quality is poor," he said. The Xiali, which once had a 20 per cent share of the market for small cars in China, now only holds about 8 to 10 per cent of sales, the equivalent of about 80,000 cars a year.