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To: Les H who wrote (29991)4/22/2005 11:13:22 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
Les Horowitz,re:"Chery .. next Toyota". Never never will be.
Ok, give them 40 years+, they will be the Toyota of the 90's.
40+ years ago, they said: 'no one needs a pant for 10 years
and they'll catchup and beat the shit of USA'.



To: Les H who wrote (29991)4/23/2005 6:24:08 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Chrysler to use China as its mfg base

bloomberg.com

``It's not so much a trend as the reality,'' said General Motors' Vice Chairman Bob Lutz, at a ceremony on Tuesday to unveil its Aveo. ``Anybody who wants entry into this low end of the market finds it can no longer be done in the U.S., it has to be done in a low-cost country.''

China's average labor cost is 1.5 euro per hour, according to Grube. That compares with the hourly average of 38 euros in Germany, 31 euros in Japan and 28 euros in the U.S., he said.