It is easy to point to Chinese cars as being low-quality and cheap. But, in place like Africa and Latin America, that may not be such a bad thing. And, the US, European, and Japanese car companies are trying to sell vehicles in those emerging markets as well.
According to Bloomberg "auto exports from rose 70 percent to 294,000 units in the first seven months from a year earlier." One analyst told the news service that “China has to expand its overseas markets as production capacities for vehicles are rising much faster than we had expected.”
Over time, that cannot be good news for companies like GM (GM), Ford (F), Toyota (TM), and Honda (HMC).
Douglas A. McIntyre
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.