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Munger's Chinese Investment Dream Is Readying to Wreak More Havoc in the West


Guest ValueCarl
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Guest ValueCarl

BYD (slogan: Build Your Dreams) aims to export 5-10 percent of the 800,000 vehicles it should produce this year, up sharply from last year when its overseas sales were just 2.2 percent of its 450,000 vehicles, said Paul Lin, manager of BYD's marketing department.

 

"Exports in 2009 were about the same as 2008 due to the financial crisis," Lin said in an interview at a BYD car building campus festooned with red lanterns to usher in the Chinese New Year. "Exports this year should be many times higher."

 

Lin said BYD aims to sell its clean-technology cars in Western Europe next year, following plans to export electric cars to the United States later this year.

 

http://finance.yahoo.com/news/Buffettbacked-BYD-eyes-big-rb-1274094881.html;_ylt=As0gard013rryH5coyqxUu67YWsA;_ylu=X3oDMTE2ZWRsOG80BHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDYnVmZmV0dC1iYWNr?x=0&sec=topStories&pos=8&asset=&ccode=

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Guest ValueCarl

Then again, is it not BASICVILLE that, Messers Buffett and Munger would gleefully attempt bringing DIRT CHEAP CHINESE LABOR at approx. 1/10th US, into the US for such a DEAR PRICE on one of their cars being 44K!

 

I know, it's the IMPORT TAX, STUPID, NOT YET!  ;D 

 

 

Get it down to 4K like in India or some other poor underdeveloped nation, and maybe I'll buy one! imo

 

 

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