China Cars Ready to Take Over Lost Markets left by GM and Chrysler Dealers

[Stinger2]

China Cars Ready to Take Over Lost Markets left by GM and Chrysler Dealers

China Car Forums > Chinese Car Manufacturers > FAW

First Automobile Works will install in the environs of mexican city of Morelia, Michoacán, in an coinvestment of about 200 million dollars with mexican tycoon Ricardo Salinas Pliego, to produce compact and subcompact vehicles that will commercialize in the network Elektra in charge of Carlos Septién, first in Mexico and after in Centro and South America.

Felipe Calderón, President of Mexico, will place the first stone this next Thursday November 22nd.

An official notice of the mark announcing its arrival to Mexico is expected shortly.

FAW will take advantage of the network 1.300 Elektra stores pertaining to the Group Salinas and of course the aggressive plans of financing of the Banco Azteca.

http://www.chinacarforums.com/forum/showthread.php?t=3416


Credit and Savings / Big chains like Wal-Mart are getting ready to provide financial services in Mexico / Retailers jump into banking
Eliza Barclay, Houston Chronicle Foreign Service, December 21, 2007


The bank is expected to add 20 percent to Wal-Mart's earnings in Mexico by its fifth year, according to a report by Merrill Lynch. The report predicted Wal-Mart will succeed in the banking sector because of its high number of stores - 502 supermarkets and hypermarkets - and its large customer base, with sales in Mexico expected to reach $18 billion this year.

http://www.accion.org/Page.aspx?pid=964

Banco Azteca owned by WallMart financing China Cars made in Mexico, WallMart to sell cars at Super Centers coming soon, feel better America?

[rockymountaindem]

1. Great

:puke:

[DJ13]

2. They should be really safe with all that lead in them

:rofl:

[MADem]

3. OK, now how long before you can go to WALMART with a couple of grand and buy yourself a cheap

Chinese car? Never mind knock off sneakers, bargain kitchenware, towels, and so forth, I'll take that little subcompact with the shiny wheels, please!

I'll bet the day will come when you can buy a car at a big box store. Hell, the day of the dealership appears to be dying....

[w4rma]

10. Was it Lenin or Stalin that predicted that? (nt)

[MADem]

11. I don't know. I don't think it was Sam Walton, though! NT

[AndyA]

4. The new Yugo...you treat them like disposable lighters.

When they run out of gas, you throw them away and buy another one. You can just pick your color, and they'll give you the keys at the check out at Walmart.

How convenient!

Oh, and no need to be concerned about passenger safety. They're so small they literally trap your body inside if they get hit. Nice.

When will stupid Americans ever learn? Quit supporting foreign companies. Buy American.

[madrchsod]

8. yugo...more like a->

lada


or a wartburg

[billyoc]

9. If you live long enough to run out of gas in that paper mache deathtrap.

[ixion]

5. if they build their cars like they build their scooters

that will not end well, IMO.

[madrchsod]

6. no thanks....

i`ll drive my crx till i can`t drive anymore.

[sandnsea]

7. Well how convenient

This is crude I know - but my ass is hurting real bad.