Automotive News' Crain: Chinese Cars Pose No Threat to U.S. Economy

Washington DC November 27, 2006; The AIADA newsletter reported that in a column in today's print edition of Automotive News, Publisher and Editor-in-Chief Keith Crain predicts, "The Chinese might export cars, but it won't be soon, and the quantities will be small."

Crain says, he "[doesn't] believe it for a minute" that Chinese automobiles pose a threat to economies in Europe or the U.S., he believes that Chinese automakers are too busy "trying to fulfill consumer demand for cars in their own market," which just this year became the world's second largest market for automobiles behind the U.S. and ahead of Japan and Germany.

"It would be difficult and expensive for them to divert much of their resources to a foreign market," adds Crain.

Snides Remarks: Do you think Mr. Crain is on target or all wet...let me know...msnide@theautochannel.com