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 A Chinese Upstart Goes After Detroit

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dry
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PostSubject: A Chinese Upstart Goes After Detroit   Wed Jul 15, 2009 11:10 pm

A Chinese Upstart Goes After Detroit

TAIZHOU, China -- After quitting his job as a senior engineer at Chrysler to join China's fledgling domestic auto industry, Frank Zhao had a stark premonition.

"I saw the end of Detroit," says 45-year-old Mr. Zhao, who now supervises 1,200 engineers building a new generation of vehicles for Geely Holding Group Co., one of China's top-selling brands.

As Chrysler LLC and General Motors Co. close plants and shed jobs, Geely's expansion plans are moving into high gear, showing how the crisis in the U.S. is accelerating a shift in the global auto industry towards China and other emerging markets.

"We ...


http://online.wsj.com/article/SB124761586630042303.html

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duck2000
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PostSubject: Re: A Chinese Upstart Goes After Detroit   Thu Jul 16, 2009 10:49 am

the unions have had detroit tied up for tooo long time for new blood !
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A Chinese Upstart Goes After Detroit

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