A jet flight with GM's ex-chief, Bob Lutz
Top Gear's mag boss is taken for a spin by a true captain of the industry...
Posted: 19 Dec 2011
As a result, all three companies are now led by individuals who are not steeped in the old way that the automobile business is run... in my judgement, that's a good thing."
"But what about the emerging markets?" I ask, gulping hungrily at nothing in particular.
"Once the Chinese develop - and they're developing very rapidly - wages will go up, supplier prices will go up, and eventually it will just be a huge country that produces cars for that huge country... China. The real threat for any mainstream automotive manufacturer - Ford, VW, BMW - is from Korea. Kia, Hyundai... the cars were always fine from an engineering point of view, but now, with Peter Schreyer's work, they look fantastic. That's where the threat is."