The Face of Ferrari in China

 

Sales people stood near a Ferrari during the media opening of the Auto Shanghai 2009 show in Shanghai Monday. More than 1,000 auto makers and manufacturers from around the world will attend the show. China’s car sales rose 5% in March, according to the China Association of Automobile Manufacturers.

And yet, North American auto makers are doomed to fail. But GM is building new factories in China, selling Buick... Toyota is selling SUV's in China like hot cakes. SUV's! Remember those? Yes - the good old American times are heading for China.

Europe is the New Japan as North America is the New Europe as China is the new North America.