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Old 11-20-2006, 05:19 PM   #11
MartinW
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Surely SAIC are just waiting for Ford to call in the receivers so they can get the whole cupboard full of names for a few dollars!
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Old 11-20-2006, 05:28 PM   #12
BringIt
 
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China's car market is just as competitive as any other these days, so for SAIC to concentrate at home is understandable. Once they succeed at home, then they would be that much more prepared for other markets.

Of course that is a very conservative approach.

If SAIC is bold, they should take on all markets at once. Why the heck not? The world markets are NOT going to wait till SAIC is ready. Sometimes the later you get in, the worse you will be off.
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Old 11-25-2006, 04:03 PM   #13
m14
 
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Post SAIC denies US export talks

Jin Jing
2006-11-25
SHANGHAI Automotive Industrial Corp has denied a report it was in talks with American importer Visionary Vehicles LLC to sell cars in the North American market.

In a statement yesterday, the nation's second-largest car maker said it was focusing on the domestic market.

"SAIC Motor has had no discussions with Visionary about exports to the United States," the statement said.

On Thursday, Reuters quoted a Visionary spokeswoman who said the company was in talks with SAIC as one of Visionary's three potential candidates to import cars to the United States.

Visionary's founder and head Malcolm Bricklin introduced Subaru to the US in the 1960s and the Yugo in the 1980s.

The Reuters report said Visionary was also in talks with First Automotive Work Group and Geely Automobile Co.

The two companies have yet to comment on the report.

SAIC Motor said last month its export plans were postponed from the end of next year to 2009 after setting up a strong market position in the domestic mid-to-high car class.

"We will still keep an eye on the overseas markets such as the European and US markets and our ultimate goal is to go overseas and increase our international competitiveness," said Chen Hong, president of SAIC Motor during an interview on October 12.

SAIC, which also cooperates with Volkswagen AG and General Motors Corp in China, turns out mainstream models for its international partners with combined sales of more than one million units a year.

The car maker also rolled out its first self-branded model, the Roewe 750, at the end of last month through its subsidiary, SAIC Motor Manufacturing Co Ltd.

The mid-to-high class sedan is based on the Rover 75, the rights for which SAIC Motor bought from British car maker MG Rover in 2004 before it went bankrupt.

SAIC Motor plans to launch 30 models in all mainstream market segments with a total investment of 13.6 billion yuan (US$1.7 billion) in self-branded cars over the next five years.
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Old 11-25-2006, 04:32 PM   #14
mg-zs
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Not sure what SAIC is doing
But its not alot.
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Old 11-28-2006, 02:42 AM   #15
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Well, SAIC is planning things out. But it will deliver in a big way.

Forget that con man Bricklin, SAIC can do better alone.
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