Tuesday, November 21, 2006

Bricklin pulls out

Earlier this year Malcolm Bricklin, early importer of the Subaru and Yugo, signed a deal to import the Chery from China. He's had second thoughts as to whether the quality and safety of the cars will be competitive in the U.S. and has pulled out of the deal. He still likes the cost equation of manufacturing cars in China and is looking for another deal.

Most of the established car manufacturers are focusing on selling -and building - their cars in China. Right now China seems to be almost in the same spot this country was at the start of the 20th century when there were car manufacturers galore.

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