China's dream to sell cars in U.S. and Europe fades - Automotive News Europe: "BYD Auto, another Chinese automaker considering the United States, received a boost in September. Wealthy U.S. investor Warren Buffett took a stake in BYD, hoping the automaker can produce practical plug-in hybrids.
But BYD still has a long way to go. Its cars still have to pass the stringent safety and emission standards of the U.S. market. It also needs a dealership network in America.
Chinese auto manufacturers have suffered a series of setbacks in their efforts to enter the Western markets. The global economic recession has made headway even more difficult."
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