Though German cars cannot be classed among the budget-friendly, their higher prices correspond to higher levels of build quality and low maintenance cost. From removing financial incentives for foreign car makers to requiring they launch Chinese car brands, Beijing has tried to curtail the seemingly endless popularity of non-local autos as domestic brands continue to cede ground to their foreign counterparts.
A Brexit could trigger price hikes due to a depreciation of the pound versus other currencies and a decline in economic output that would ultimately pressure the car industry as well. By the way, the most significant car company to go bankrupt would have to be General Motors Corporation (GM). His media experience includes Petersen Publishing (now part of The Enthusiast Network), Green Car Journal, trade magazines, newspaper and television news reporting. Renault and Nissan are leading electric car development among major car companies, investing $5.16 billion in eight electric vehicles over the next 3 to 4 years. Continental and Bosch are multibillion-dollar businesses, supplying traditional and autonomous parts to a range of car companies. Buick cars are sold at the markets where the German brand is not present, namely US, Canada, Mexico and China. This has helped the car maker reap the benefits as petroleum prices continue to increase worldwide.
The versatility to drive around town and potentially commute as an electric car (Chevy estimates most drivers will go more than 1,000 miles between fill-ups), coupled with the ability to take longer trips relying on the gasoline range extender” makes it a great choice for a one-car household.
Different outlets give different estimates—The Wall Street Journal said there were 170 Chinese car makers as of April this year, while the International Business Times cited only 115 companies as of 2012, neither news outlet divulging the source of their information—the China Association of Automobile Manufacturers declined to confirm any specific figure.