What May Eventually End 'Big Three' Dominance
This slide show has the ominous feel to it - the pictures are form the recent auto show in Shanghai. China's domestic car makers were in full force, showcasing their latest models - from compact to small-sized sedans to luxury brands. Looking at the pictures, the apparent similarity of Chinese models to Toyota, Honda - even Bentley - is all too clear.
Bottom line is that these cars were made at a fraction of the cost of their American competitors. And they look just like what the market demands - small, sleek, compact sedans and cross-overs. The big question is when these cars are going to be sold in the United States. Once that happens, the car market here is going to go from cut-throat to down-right thermonuclear. The American consumer would win, of course, but at what price? That remains to be seen.