Cheaper Chinese cars promised to the US
A US company called Global Holdings International, Inc. says a full line of Chinese-manufactured vehicles, which include sedans, minis, sports coupés, SUVs, mini-vans, trucks, light trucks, buses, and heavy equipment, “are already on their way to America”, where the firm will marked most of them at prices 30-50% less than comparable vehicles sold in the U.S. today. Until now, the only US firm planning Chinese vehicle imports has been one promoted by entrepreneur Malcolm Bricklin, which announced planned to import the Chery brand last year.
Global says its cars will all carry extended warranties and will hit the U.S. market in 2007, and will include vehicles from Brilliance, Foton Auto and Boading Tianma Auto. Foton also carries a full line of heavy equipment. The Brilliance M1 sedan will begin its tour of the United States in San Francisco, California in June 2006. The first showroom will be completed in early 2006 in Guadalajara, Mexico, with a Las Vegas showroom to follow in the later part of the year.