Warren Buffet Hybrid Car from China Here is a scary thought for the UAW and the USA auto industry… Warren Buffet one of the world great investor has financially backed a car made in China.
THIS IS A TRAVEL BLOG As a traveler of the planet, nothing is more relevant to me is the comparisons between the USA, "MY COUNTRY" and the rest of the planet, this comparison is in my face daily. It is rubbed it, pushed, shoved and piled on, this is what travel is about, the comparisons of countries.
He put in about 160 million British pounds, and we are talking billions in a bailout. Mirror.co.uk Article
The writing is on the wall.
It is embarrassing, as a traveler to know the USA auto industry has arrogantly believe they are the best and allowed the rest of the world to pass them by. The USA has some truly great culture abilities, however being aware of what is happening on the rest of the planet is not one of them.
Onely said on Tuesday December 23rd, 2008 02:26:00 AM
"the USA auto industry has arrogantly believe they are the best and allowed the rest of the world to pass them by." I feel that in general the U.S. is doing the same thing with renewable energy--wind power, solar power, etc. . . letting slip by our chances to become a leader in that market. I think that will change with the new administration, but still, we can't ever get those eight years back, grrrr. . . . CC at Onely.
Well, we can hope that leadership can make scientist work, there are many cases where a leader changed the world. Germany made the Volkwagen.
Oneness said on Tuesday December 23rd, 2008 06:43:00 PM
On ABC news tonight, they said the new Chinese car will provide a 60 mile electric ride after a 7 hour plug end the night before. This is compared to 40 miles from GMs Volt. Also, the Chinese car will cost around $22000 as compared to GMs Volt for $60000. Good investment Warren. The company is BYD. A former cell phone company.Jack