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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (14849)	11/4/2004 2:08:29 PM
From: RealMuLan	Respond to of 116555

Chrysler chief sees Chinese rivals coming to U.S. Thu Nov 4, 2004 05:07 AM ET STUTTGART, Germany, Nov 4 (Reuters) - Chinese carmakers are bound to follow their Asian counterparts from Japan and Korea and barge into a U.S. market that is already fiercely competitive, Chrylser chief Dieter Zetsche said. "You don't need to be clairvoyant to see the Chinese in this position," the head of DaimlerChrysler's (DCXGn.DE: Quote, Profile, Research) U.S. arm told reporters on Wednesday in remarks embargoed until Thursday. Excess supply of 3 million cars per year -- two thirds of them imports -- was exerting severe price pressure in the U.S. market, which he called "the battlefield of the automobile industry". yahoo.reuters.com