Chinese Car Companies in Detroit America

A good article to read:

‘We’d love for you to come’
For now, Chinese car exports continue to be concentrated in emerging markets such as Latin America and Russia.

But when they look to finally make it big in a developed market like the US, bankrupt Detroit is ready to welcome the Chinese with open arms.

Michigan is currently home to more than 100 Chinese firms, and since 2005, the area has benefitted from more than $1bn (£610m) of Chinese investment.

“Not surprisingly our message to China is: we’ve got the know-how, we’d love for you to come,” says Mr Francis.

And that may be sooner rather than later: BYD, a Chinese car maker in which Warren Buffett has invested, recently said it had plans to bring four models to the US by the end of 2015.