Chinese Autos to Flood U.S. Market in 2007

LAS VEGAS --- Beginning in 2007, Global Holdings International will introduce its line of Chinese-manufactured vehicles to the U.S. market, expecting unit prices to be 30% to 50% less than similar vehicles currently sold domestically, according to

The line will include sedans, minis, sport coupes, SUVs, minivans, trucks, light trucks, buses and heavy equipment.

Many of the units are already being sold in other parts of the world, while company is planning sales to begin in Europe and Mexico later this year, the report said.

With an assembly plant in Mexico, the company is estimating sales of up to 100,000 in 2006.

The product line, Global executives said, comprises vehicles from Brilliance, Foton Auto and Boading Tianma Auto. In June, the Brilliance M1 sedan will kick-off a U.S. tour in San Francisco, while a Las Vegas showroom is expected to be ready by year’s end.

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