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Big 3 and China
Quote:
GM, Ford exporting $2 billion in vehicles, parts to China
AutoBlog.com
Posted Jun 17th 2008 7:01PM by Jeremy Korzeniewski
Filed under: China, Government/Legal, Plants/Manufacturing, Chrysler, Ford, GM, Earnings/Financials
American automotive companies have been doing rather well for themselves these last few years in China. Still, the majority of manufacturing those vehicles is done in China using locally sourced parts. For this reason, the Chinese government has been facing pressure to ink more deals with American companies for the export of goods there, which is apparently now beginning to take place. Ford, for instance, has announced that it will be sending 30,000 complete vehicles (no word on which ones) to China along with other various auto parts. General Motors has also signed on with about $1 billion in vehicles and parts for export to China. Chrysler too will get in on the trading, though its deals will likely be smaller than either Ford's or General Motors'. All in all, the automotive sector will make up about $2 billion of the recently announced deals, which total more than $8.3 billion in exports. And we're pretty sure they're all lead-free.
[Source: The Detroit Free Press, Photo by BYUN YEONG-WOOK/AFP/Getty]
Big 3 and China
