Word: carred
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...think about expenditures that you can trim. The faster you want it to happen, the bigger the cuts you have to make. While eliminating a daily latte will do a bit of good, you'll do better to focus on the dramatic. Do you really need that third car, for example? What if you cut back to basic cable or a bare-bones cell-phone plan, or (if you can't do that) got rid of your landline entirely? Perhaps this summer you could vacation at home instead of spending $2,000 for a week at the beach, or trade...
...pronounce the name of the Chinese company whose automobiles he would like to import and perhaps sell at his Honda dealership in Sacramento, Calif. He doesn't know what styles he'll promote, what he'll charge or how exactly he'll persuade Americans to buy a car made in China?one that isn't a Hot Wheels toy, that...
Slide over Hyundai?the next automotive upstart that takes the wheel in the U.S. will probably be Chinese. In Detroit this week, a small company called Geely (pronounced Jee-lee) will be the first Chinese automaker to display a car at the North American International Auto Show. Unveiling the compact sedan, whose name translates as Free Cruiser, is a bit of a stunt since Geely may be a couple of years away from shipping products to the U.S. Yet the company has big plans, aiming to export 1.3 million vehicles worldwide, including small sedans for less than...
...developing a full line of vehicles, from compacts to SUVs, shooting for a 2007 launch. And those aren't Chinese Yugos. At the 2005 Shanghai Auto Show, Chery unveiled a convertible with a retractable hardtop, designed by Italy's Pininfarina studio, that won the award for best new car. Yale Zhang, an industry analyst in Shanghai with CSM Worldwide, an automotive consulting firm, says he expects Chery to begin exporting a minivan and a four-door sedan next year. Chery recently cleared two hurdles: settling a law-suit with GM over charges that it ripped off a design from...
...many parts are slapped with import tariffs) and nonwage expenses like housing for factory workers. CSM's Zhang estimates that materials account for 80% to 85% of a vehicle's cost (vs. 65% in Detroit), eroding much of the labor savings. "It's not particularly cheap to produce a car in China," notes Steven Blackman, head of Ernst & Young's automotive practice in Europe...