The rise of Shanghai...
Shanghai Automotive Industry Corp., to be exact.
Having spent most of my adolesence in Shanghai, and being the car fanatic that I am, I'm naturally drawn to any automotive news coming from the other side of the pacific...and as of late, things are really getting heated up:
- Jul 2004 -- SAIC makes the Fortune Global 500 list
- Oct 2004 -- SAIC buys Ssangyong Motor, Korea's 4th largest auto co.
- Jan 2005 -- SAIC to form joint venture with MG Rover, but the deal eventually fell apart as the heavily-in-debt MG collapsed; but SAIC retains the IP rights to MG's future models.
- May 2005 -- GM may help SAIC develop its own brand.
so maybe one day in the near future, instead of the crowded street of Shanghai being filled with the SAIC's versions of VW's and Buicks...they will be replaced by a #&^*? I guess it's too soon to speculate as to what that new brand will be... but personally, I'm leaning towards "Shen" -- an old chinese character that represents Shanghai which also translates well into a symbol as it's very symetrical...I will post an artist(me) 's rendition of it later.
posted by Astro Boy #37 @ 5/17/2005 11:40:00 PM
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