You are missing the point though. One of the few areas the Chinese have not been able to control is car supply to the world. Their products are rubbish, and their safety is even worse. Thus, they haven't been able to gain traction in any developed world market.
How a car drives is important to some people, but for many they don't know and if offered a chinese product at a given price, they would take it. Same for build quality - most people wouldn't now.
However safety is one thing they just can't crack. Their cars are **really** bad in this regard and they don't understand what all the fuss is about (there are heaps of people - whats the problem). However consumer crash testing shows them off publicly. People won't buy their cars because they will be mocked (Don't you love your wife, little Johnny...).
The difficult bit is that safety is real hard. It's a black art that the car manufacturers have been unwilling to share thus far with the Chinese. It's about engineering and attention to detail. By purchasing Volvo (and SAAB ) the US Government (GM) have given the safety FAQ and howto to the Chinese government. This technology will be distributed to all their car manufacturers.
I reckon within 5-10 years the Chinese will be delivering cars to the shores of developed nations that will do acceptably well in crash tests. So, while the Yanks think they have divested themselves of non-core brands - they have in fact set themselves up for an another formidable competitor in a few years time.
Clearly GM is purely in survival mode. They need every last drop of liquidity or they won't be around to see the new competitors.
I find it fascinating watching how the Chinese are winning the GFC.

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