Chinese Car Companies
My favourite car blog has posted repeated articles recently about the take over of various failing western car firms by huge Chinese competitors. It seems that whilst the credit crunch has been having a negative effect on the already established automotive companies of the world, more forward thinking companies have seen it instead as an opportunity to buy into the car market whilst the prices are low and the companies vulnerable. It is clever thinking, of course, and I expect that it will be a very clever and lucrative move by the Chinese car companies such as Geeley and Changan.
