China Decade From Having Global Carmaker, Bernstein Says

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 15 of 40

Thread: China Decade From Having Global Carmaker, Bernstein Says

  1. #1
    4.6 Liter Northstar V8
    Join Date
    Jul 2011
    Posts
    1,737
    Thanks
    1,238
    Thanked 282 Times in 157 Posts

    China Decade From Having Global Carmaker, Bernstein Says

    China Decade From Having Global Carmaker, Bernstein Says
    February 22, 2013
    Bloomberg

    Chinese automakers are about a decade away from being globally competitive and will have to increase their spending on research and development to close the gap, according to Sanford C. Bernstein & Co.

    Carmakers such as General Motors Co. (GM), Volkswagen AG and Toyota Motor Corp. are outspending Chinese brands on research and development and lead in engineering, said Max Warburton, an auto analyst at Bernstein, which has a neutral rating on China’s auto industry. The Chinese have the will and money to make their auto industry world class, he said.

    “The Chinese are 80 percent of the way there, 20 percent doesn’t sound very hard, but it’s probably the most complex bits to get right,” Warburton, who is based in Singapore, said in a phone interview yesterday. “They’ll be spending until they make it work and eventually they’ll end up with Chinese carmakers on the world stage.”

    Full article available at link.

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    GMI Staff Member FenwickHockey65's Avatar
    Join Date
    Dec 2007
    Location
    Florida
    Posts
    18,910
    Thanks
    119
    Thanked 728 Times in 485 Posts
    My Ride
    '03 GMC Envoy/'00 Ford Ranger

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Just got off the phone with HP, who is currently in the process of building a THIRD laptop for me after the first two had inexcusable defects.

    Manufacturing location? China.

    Decade? Try century.

    Proud to drive American. Proud to drive GM.
    2003 GMC Envoy SLE
    4.2L Vortec 4200 I-6
    Airaid CAI, Gibson Catback Performance Exhaust

  4. #3
    4.6 Liter Northstar V8 oklapike's Avatar
    Join Date
    Dec 2007
    Location
    Northern California
    Posts
    1,991
    Thanks
    96
    Thanked 42 Times in 30 Posts
    My Ride
    Camaro SS 45th AE

    Re: China Decade From Having Global Carmaker, Bernstein Says

    I would say this will only give me less reason to ever buy a foreign car, but I had no reason before.

    Meanwhile, on a completely different note, the Geely EC7 (one of the no doubt reverse engineered cars cited in the article) seems suspiciously similar to the Chevy Cruze.
    Last edited by oklapike; 02-22-2013 at 08:26 PM.

  5. #4
    6.2 Liter LS9 Supercharged V8 Butz's Avatar
    Join Date
    Nov 2003
    Location
    Alexandria, VA
    Posts
    9,908
    Thanks
    1,382
    Thanked 755 Times in 482 Posts
    My Ride
    2013 Dodge Dart Rallye

    Re: China Decade From Having Global Carmaker, Bernstein Says

    I'm surprised it will take them that long. I was expecting it to happen sooner. Gives other makers a chance to prepare I guess.

    Quote Originally Posted by FenwickHockey65 View Post
    Just got off the phone with HP, who is currently in the process of building a THIRD laptop for me after the first two had inexcusable defects.

    Manufacturing location? China.

    Decade? Try century.
    HP's fault not China's. My MacBook Pro, Mac mini, iPad and iPhone all assembled in China been trouble free.
    Past cars:
    1993 Chevrolet Caprice
    1995 Chevrolet Caprice
    1998 Cadillac Seville STS
    2009 Ford Fusion

  6. #5
    4.4 Liter Supercharged Northstar GM-Joe's Avatar
    Join Date
    Jul 2006
    Location
    Columbus, Ohio
    Posts
    2,785
    Thanks
    135
    Thanked 71 Times in 52 Posts
    My Ride
    2014 Chevrolet Impala

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by Butz View Post
    I'm surprised it will take them that long. I was expecting it to happen sooner. Gives other makers a chance to prepare I guess.



    HP's fault not China's. My MacBook Pro, Mac mini, iPad and iPhone all assembled in China been trouble free.
    You must had been lucky, my IPad was a POS; so I have banned Apple products for purchase.
    Sold:
    2007 Pontiac Grand Prix (105k mi.).
    1997 Saab 900 2.0 Turbo(150k+ mi.)
    Retired:
    1987 Chevrolet Silverado 10 (retired 11/12/2007; 219,986 mi.)
    Dead:
    1983 Datsun 280 ZX by Nissan (146,857 mi.)
    1986 Lincoln Mercury Lynx (64K mi.)
    1979 Chrysler Cordoba w/ Corinthian Leather seats (130K mi.)
    1976 Dodge Charger (130K mi.)

  7. #6
    Firebird Concept (the turbine one) sfbreh's Avatar
    Join Date
    Aug 2011
    Location
    NJ
    Posts
    11,319
    Thanks
    4,043
    Thanked 1,265 Times in 2,191 Posts

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by GM-Joe View Post
    You must had been lucky, my IPad was a POS; so I have banned Apple products for purchase.
    You must have been unlucky. My iPhone, my Macbook Pro, all 4 iPods I've had, my parents' iPhones and iPads, all of my sister's iPods, and her and her husband's iPhones all work perfectly.

  8. #7
    GMI Staff Member FenwickHockey65's Avatar
    Join Date
    Dec 2007
    Location
    Florida
    Posts
    18,910
    Thanks
    119
    Thanked 728 Times in 485 Posts
    My Ride
    '03 GMC Envoy/'00 Ford Ranger

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Hate my MacBook Pro. Never again.

    Proud to drive American. Proud to drive GM.
    2003 GMC Envoy SLE
    4.2L Vortec 4200 I-6
    Airaid CAI, Gibson Catback Performance Exhaust

  9. #8
    Chevrolet VOLT Amphibian's Avatar
    Join Date
    Aug 2010
    Posts
    10,216
    Thanks
    151
    Thanked 333 Times in 257 Posts

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by FenwickHockey65 View Post
    Just got off the phone with HP, who is currently in the process of building a THIRD laptop for me after the first two had inexcusable defects.

    Manufacturing location? China.

    Decade? Try century.
    Don't forget that in, say, the 50s, something being a Japanese product was synonymous with "cheap" not terribly unlike a Chinese product today. It didn't take so long before the Japanese changed that, both in product and the way their items were marketed in order to change the mindsets that Americans and others had.

    Depending on China's growth rate, we may not be a decade away (I think it will take longer than that). But it won't be a century either (which I think you may have meant for exaggeration, but I digress).

  10. #9
    2.4 Liter SIDI ECOTEC
    Join Date
    Sep 2007
    Posts
    463
    Thanks
    0
    Thanked 22 Times in 14 Posts

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by Amphibian View Post
    Don't forget that in, say, the 50s, something being a Japanese product was synonymous with "cheap" not terribly unlike a Chinese product today. It didn't take so long before the Japanese changed that, both in product and the way their items were marketed in order to change the mindsets that Americans and others had.

    Depending on China's growth rate, we may not be a decade away (I think it will take longer than that). But it won't be a century either (which I think you may have meant for exaggeration, but I digress).
    In the 1950s Japan was a country that 20 years ago was one of the biggest industrialized powers in the world, with the world's largest battleships, largest aircraft carriers and a navy that went toe to toe with the US for a couple of years. In terms of social cohesion and institutions Japan in the 1950s was decades ahead of China today.

    This report is just like all the other US-centric reports on the Chinese car business, in that it gets a few tangential things right but mostly misses the point, and seem to have no understanding of how businesses in third world countries operate.

    Maybe one day if there's enough interest amongst the regulars on this board I might do a long-ish write-up on how the Chinese car industry works.
    Last edited by tentacles; 02-22-2013 at 11:13 PM.

  11. #10
    6.2 Liter LS9 Supercharged V8 Butz's Avatar
    Join Date
    Nov 2003
    Location
    Alexandria, VA
    Posts
    9,908
    Thanks
    1,382
    Thanked 755 Times in 482 Posts
    My Ride
    2013 Dodge Dart Rallye

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by FenwickHockey65 View Post
    Hate my MacBook Pro. Never again.
    You hate your HP too
    Past cars:
    1993 Chevrolet Caprice
    1995 Chevrolet Caprice
    1998 Cadillac Seville STS
    2009 Ford Fusion

  12. #11
    GMI Staff Member FenwickHockey65's Avatar
    Join Date
    Dec 2007
    Location
    Florida
    Posts
    18,910
    Thanks
    119
    Thanked 728 Times in 485 Posts
    My Ride
    '03 GMC Envoy/'00 Ford Ranger

    Re: China Decade From Having Global Carmaker, Bernstein Says

    That will depend on whether or not they get it right this time.

    That being said, I'd rather wait for that than put up with this stupid POS for the next few years.

    Proud to drive American. Proud to drive GM.
    2003 GMC Envoy SLE
    4.2L Vortec 4200 I-6
    Airaid CAI, Gibson Catback Performance Exhaust

  13. #12
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2005
    Location
    Dandenong (Melbourne) Australia
    Posts
    8,790
    Thanks
    309
    Thanked 307 Times in 249 Posts
    My Ride
    1999 Ford Fairmont Wagon

    Re: China Decade From Having Global Carmaker, Bernstein Says

    The Chinese will automate a lot of processes eventually as long as they can still involve people in the chain. they are in business to give their people jobs as well as earn foreign capital.
    I would be interested in reading a write-up on the Chinese industry as it has been 4 years since I left. last year I did have a little interaction with its auto component manufacturers though.
    Last edited by chinamonty; 02-22-2013 at 11:48 PM.

  14. #13
    GMI Staff Writer Premium Member ausrutherford's Avatar
    Join Date
    Mar 2008
    Location
    Death Valley, South Carolina
    Posts
    8,290
    Thanks
    24
    Thanked 298 Times in 262 Posts
    My Ride
    2013 Ford Focus

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Isn't this what they said 5-10 years ago?
    Also consider that in around 10 years time, China's population will start decreasing as the lag from the "one child" policy takes affect. How might that hurt the Chinese progress?
    Have sales for GM not seen in THIS POST? Email Me

    Go Tigers! 35-17!

  15. #14
    2.4 Liter SIDI ECOTEC
    Join Date
    Dec 2007
    Posts
    133
    Thanks
    0
    Thanked 5 Times in 1 Post

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by FenwickHockey65 View Post
    Just got off the phone with HP, who is currently in the process of building a THIRD laptop for me after the first two had inexcusable defects.

    Manufacturing location? China.

    Decade? Try century.
    On the other hand, an American company was careless and retrograde enough to sell you a piece of garbage under its own name. Which suggests, to me, that there's plenty of room for upstart competitors.

  16. #15
    2.4 Liter SIDI ECOTEC
    Join Date
    Sep 2007
    Posts
    463
    Thanks
    0
    Thanked 22 Times in 14 Posts

    Re: China Decade From Having Global Carmaker, Bernstein Says

    Quote Originally Posted by chinamonty View Post
    The Chinese will automate a lot of processes eventually as long as they can still involve people in the chain. they are in business to give their people jobs as well as earn foreign capital.
    I would be interested in reading a write-up on the Chinese industry as it has been 4 years since I left. last year I did have a little interaction with its auto component manufacturers though.
    The thing that's stopping me is that the car guys here are knowledgeable about cars but maybe not so much the nature of government and institutions. Just as a very basic example everyone here(and everywhere really) constantly harp on about how "the Chinese" are going to do this or that, as if "the Chinese" were just one person with one unifying goal. The people who actually do most of the car making and make most of the money in China, that is SAIC/FAW/Dongfeng, have no interest in exporting anything. Why would they? Meanwhile the only people who do exports are bit players like Geely and Jiangling and Chery, and they are only doing it *because* they have no other choice, and the government are at best indifferent to their efforts and for the most part hostile, since the big players use the government to get preferential access to capital and talent for themselves. It's pretty telling that those are the cars that they chose to buy and dissect, when pretty much every car actually on the roads in China is either a VW or a GM.

    Maybe I should stipulate that if you really want to understand how things work you first need to watch all 5 seasons of The Wire and read Why Nations Fail.

  17. Remove Advertisements
    GM Inside News
    Advertisements
     

Quick Reply Quick Reply

Register Now

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
Powered by vBadvanced CMPS v4.1.2