Wednesday, June 26, 2013

China's BAIC Looking to Buy one of Three Suitable European Automakers


As Chinese automakers grow (locally) and acquire more money, their expansionist tendencies will begin to take hold and what better market to concentrate on than the mature and traditional, but currently cash-strapped Europe.

Since Geely bought Volvo, we have become used to the idea of foreign ownership of an old European manufacturer. In fact, Volvo is on the road to doing quite well, even though they are not really there yet, I think, especially not with their limited lineup of models.

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