Law and Rights
Can you teach an old Chinese dog a new American trick? Maybe, according to TheTruthAboutCars.com.
Because of their population base and the ratio of cars to people, China is the world's largest automotive market. And their big cities are choked up with traffic and the smog it produces.
In spite of that, and after years of double digit sales growth, April numbers saw China's sales drop 14% and that has Chinese bureaucrats worried because numbers for May are apparently even worse.
So worried that China's Ministry of Commerce borrowed an American idea - cash for clunkers.
That program let US auto owners trade in their older cars for newer ones and get up to $4,500 bonus money. Well, the Chinese are calling their cash for clunkers program "early retirement" for vehicles. They are offering between $1,700 and $2,800 for old vehicles when new ones are bought.
The "early retirement" program also covers farm vehicles and buses and heavy duty trucks and is intended to avoid an economic slowdown that can hurt the Chinese auto industry which, like America's auto industry, largely fuels the national economy in China, according to TheDetroitBureau.com.
In the US, analysts say the cash for clunker program caused an extra 625,000 vehicles to be sold that would not otherwise have happened and the Chinese are hoping to duplicate it or do even better. There were plenty of critics around for the US program but in China, where the press and the people are far more tightly controlled, there isn't a critic to be found.
Who knows - if they sell enough of them, maybe we'll open a lemon law office over there. Meanwhile, if you are over here, and you've got a lemon, we can help. Getting rid of lemon cars and lemon trucks is what we do.
Burdge Law Office
www.UsLemonLawyers.com
Because life's too short to drive a lemon
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Law and Rights
Cash for Clunkers goes to China as the world's largest auto market clogs in smog
Can you teach an old Chinese dog a new American trick? Maybe, according to TheTruthAboutCars.com.
Because of their population base and the ratio of cars to people, China is the world's largest automotive market. And their big cities are choked up with traffic and the smog it produces.
In spite of that, and after years of double digit sales growth, April numbers saw China's sales drop 14% and that has Chinese bureaucrats worried because numbers for May are apparently even worse.
So worried that China's Ministry of Commerce borrowed an American idea - cash for clunkers.
That program let US auto owners trade in their older cars for newer ones and get up to $4,500 bonus money. Well, the Chinese are calling their cash for clunkers program "early retirement" for vehicles. They are offering between $1,700 and $2,800 for old vehicles when new ones are bought.
The "early retirement" program also covers farm vehicles and buses and heavy duty trucks and is intended to avoid an economic slowdown that can hurt the Chinese auto industry which, like America's auto industry, largely fuels the national economy in China, according to TheDetroitBureau.com.
In the US, analysts say the cash for clunker program caused an extra 625,000 vehicles to be sold that would not otherwise have happened and the Chinese are hoping to duplicate it or do even better. There were plenty of critics around for the US program but in China, where the press and the people are far more tightly controlled, there isn't a critic to be found.
Who knows - if they sell enough of them, maybe we'll open a lemon law office over there. Meanwhile, if you are over here, and you've got a lemon, we can help. Getting rid of lemon cars and lemon trucks is what we do.
Burdge Law Officewww.UsLemonLawyers.com
Because life's too short to drive a lemon
Subscribe in a reader- Chinese Buy Control Of Saab - Well, They Own Everything Else Already Anyway, Right?
Swedish car maker Saab has been struggling for months to survive - in fact, ever since GM dumped them after the GM bankruptcy - and things are still shaky, but now there's a white knight investor to the rescue. Well, actually a Chinese knight, sort...
- Saab Opens Manufacturing Plant - And Gets Shut Down Again - It Just Never Ends
Saab just can't seem to get it up and running as the money continues to run out. Last month it made a deal with China's largest dealer network that promised to refuel the Swedish automaker with badly needed funds to reopen its plant, according...
- For Saab, What's Behind Door #2? Or Is It #3? Survival?
Cash-shy Swedish carmaker Saab is still out panhandling it seems, but maybe things are looking more hopeful. After the Russian banker (Vladimit Antonov) fell through, after the Chinese company (Hawtai) didn't happen, now they're on to "door #3"...
- Buick Is Outselling Lexus And Coming Up Very Close To Bmw Sales - And They Can't Believe It.
After GM filed bankruptcy it starting shutting down the non-profit model lines and a lot of folks thought Buick was on the hit list. Not us. First Buick quality has always been pretty good and often better than Cadillac. Second, Buick was selling tons...
- China Buying Saab From Gm ?
Auto News magazine's European publication is reporting that GM is talking to a Chinese company, Beijing Automotive Industry Holding Corp., BAIC, about buying chunks of the Saab business. BAIC is China's fifth largest automaker. And why not? After...