Here they come…
Paul Ritchie posted in News on April 9th, 2006
Still haven’t had any word back from those lovely people who produce bio-diesel or ethanol. Way to go guys.
Before I get on with all that though, and since GM has been in the news recently and therefore on a how’s-your-mother kind of a level, China has also been in the news, mine eye was captured and gulpage occured when news.com.au filed a report that the big C is eyeing off the big island in the south as a potential market for hatchback cars sneaking under the $10,000 price barrier.
That’s $5,500 to make plus freight and duties and all that, totalling a smidge under $10,000. That’s roughly US$7,200 per car.
Kia Motors Australia spokesman Jonathan Fletcher said the Korean brand, which made its name with cheap cars, did not intend to compete with Chinese and Indian makers on price.
“We know the Chinese are coming and we at Kia don’t intend to remain at the cheap and cheerful end of the market. Instead we’ll be concentrating on value and innovation,” he said.
Source: http://finance.news.com.au/story/0,10166,18744636-462,00.html
No doubt, if they’re successful in Australia, the next destination will be shores of the U.S.A.
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