Thursday, May 31, 2012
Automotive Subsidies, Bailouts and Sweetheart Deals From the Government - Not Just in the US Anymore
Will the US hang on to the auto industry? What happens as the Euro Zone collapses and we can't sell cars there and China ramps up production for its growing middle class consumers domestically? It appears China is poised to capture it all, and the European, Japanese, and US automobile makers will not have the ability to stop the onslaught - in ten years, China will own the global auto market, perhaps their largest competitor will be Tata Motors in India. More information: read more about
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