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Chinese cars coming to U.S.?
Arizona dealer will be the first to sell a full line of Chinese made autos in the United States.
June 28, 2004: 9:17 AM EDT
DETROIT (Reuters) - An Arizona car dealer is gearing up to become the first to sell a full line of Chinese-made vehicles in the United States at Wal-Mart-style prices he hopes will lure tens of thousands of buyers.
David Shelburg and his privately held company, China Motor Corp., want to cash in on China's fast-growing auto industry and cheap labor costs by establishing a network of 100 dealers to sell vehicles from a trio of Chinese manufacturers across the United States by the fall.
The plan is to have the dealers sell as many as 60,000 Chinese-built cars and trucks at prices starting below $10,000, by the end of the year, Shelburg's business associates told Reuters.
Full Story:
http://money.cnn.com/2004/06/27/pf/autos/c...dex.htm?cnn=yes
Arizona dealer will be the first to sell a full line of Chinese made autos in the United States.
June 28, 2004: 9:17 AM EDT
DETROIT (Reuters) - An Arizona car dealer is gearing up to become the first to sell a full line of Chinese-made vehicles in the United States at Wal-Mart-style prices he hopes will lure tens of thousands of buyers.
David Shelburg and his privately held company, China Motor Corp., want to cash in on China's fast-growing auto industry and cheap labor costs by establishing a network of 100 dealers to sell vehicles from a trio of Chinese manufacturers across the United States by the fall.
The plan is to have the dealers sell as many as 60,000 Chinese-built cars and trucks at prices starting below $10,000, by the end of the year, Shelburg's business associates told Reuters.
Full Story:
http://money.cnn.com/2004/06/27/pf/autos/c...dex.htm?cnn=yes