Chinese to start selling cars outside of China

Any company with ambitions to go global has to be in China. But, how long will it be before China feels the pressure and wants to increase its market share by going global. Obviously, sooner than most thought. Rumor has it that the companies to watch out for are Changan, Chery and Geely. Changan is the top producing car company in China and has dealings with Ford, Suzuki and Mazda. Chery is the eighth largest automaker in China and has a deal with Malcolm Bricklin, the founder of Subaru USA and Yugo USA to sell cars in the US. Geely owns 5 percent of the Chinese market. Cars are priced around USD 5,000. There is a report that Geely recently signed a deal with Malcolm Bricklin’s Chery to start selling its vehicles in the United States by 2006. Carlist.com