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...Rapton doesn't know how to 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...
With production workers earning $2 an hour, China is pressing its labor advantage, luring foreign automakers to both supply its domestic market and develop export programs. Almost all the big names?GM, Ford, Honda, Volkswagen?have joint ventures that assemble vehicles for the local market, with sales booming at a 22% average annual clip. Strong sales in China have cooled the impetus to export. So has the majors' ample capacity at plants overseas. And low wages don't make China a low-cost producer. The country has an inefficient supply chain, high component costs (many parts are slapped with import...
...while China may not be the cheapest place to build cars, it's growing more attractive. Tariffs on parts have declined lately, and logistics costs should decrease as China's transport infrastructure improves. Last year Honda became the first foreign automaker to set up a major export operation, shipping a compact to Europe from a plant in Guangdong's special, duty-free zone. Chrysler plans to build its 300-model sedan in Beijing for domestic sale and possible export (although not to North America, where autoworkers would probably object). GM and Volkswagen export small quantities too, such as Chevy Venture...
...geopolitical importance of this Sri Lankan--born, London-raised rapper has been heavily overstated by people who would rather she were a symbol than a star. Her manic energy and supremely confident delivery on such songs as Galang (now the sound track to a Honda commercial) matches her ear for those small production details that turn songs into bustling streets in foreign capitals. That's the combination, instead of her blend of ethnicities, that makes this the most compelling debut of the year...
...M.I.A. Arular; $13.98 The geopolitical importance of this Sri Lankan-born, London-raised rapper has been heavily overstated by people who would rather she were a symbol than a star. Her manic energy and supremely confident delivery on such songs as Galang (now the sound track to a Honda commercial) matches her ear for those small production details that turn songs into bustling streets in foreign capitals. That's the combination, instead of her blend of ethnicities, that makes this the most compelling debut of the year. Best Tracks: Galang, Bucky Done...