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Foreign Investment: Ford and GM go to China

Posted April 30, 2008

“Why U.S. automakers can’t import smartly designed, well-made little cars that get 50 miles per gallon into the United States is absolutely beyond my comprehension. Particularly because they already make those cars.” — Keith Fitz-Gerald

Blogger’s note: Keith Fitz-Gerald is leading an investment tour through China right now. And through the magic of the PRC’s inhibited, but functional (today, at least), Internet service, he’s reporting some of his experiences to his Money Morning readers back here in the States. This is the first in a series of articles he’ll be writing from the (silk?) road.

by Keith Fitz-Gerald

Baltimore and Shanghai – (TFN): Why U.S. automakers can’t import smartly designed, well-made little cars that get 50 miles per gallon into the United States is absolutely beyond my comprehension.

Particularly because they already make those cars, and because oil prices (as well as gasoline prices) are destined to move even higher from here.

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If you don’t believe me, let me tell you about the little beauties I saw in downtown Shanghai early one recent morning.

They’re made by Buick - a General Motors (GM) nameplate that’s on its way to extinction in its home U.S. market.

Here in China, on the other hand, Buick is a luxury car of choice. Buick’s also known for making sporty “econo-boxes” that offer a little bit of zip.

Ford Motor (F), too, seems to have gotten back to its once-successful roots by “bringing a better idea” to the Chinese market. Read on to learn more.

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Posted by Keith Fitz-Gerald · Filed Under International Investing 

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