George Soros, the billionaire who bankrolled Moveon.org, is considering pouring hundreds of millions into a Chinese state automaker with plans to begin dumping cheap exports on the U.S. market next year, WND has learned.
The “Chery” is a knockoff of the South Korean Spark, sold in the U.S. in partnership with General Motors. GM filed a lawsuit against Chery Automobile Co. for piracy of the car developed by its South Korean affiliate Daewoo and Chery will have to change the name of its exports to the U.S. as a result.
The lawsuit, launched in the name of GM Daewoo Auto & Technology Co. Ltd, contends Chery’s QQ copied the design of Daewoo’s Matiz, while Chery claims it developed the QQ on its own. GM’s investigation results showed the two vehicles “shared remarkably identical body structure, exterior design, interior design and key components.”
Will U.S. market be flooded with the Chinese-made ex-Chery?
Meanwhile, the Chery QQ sells in China for $3,600.Chery sold about 50,000 of these last year in China and is planning to begin exporting cars to the end of 2007. Some auto industry analysts suggest the low price on the Chery is the partly the result of the “borrowed” technology and design.
Until now, Chery has focused on exports to 10 other countries, including Iran, Iraq, Bangladesh, Cuba, Syria and Malaysia. But now, with the help of at least one prominent mega-investor – Soros – China is making big plans for a major push into the North American market.
The marketing genius behind the push is Malcolm Bricklin, best known for the failed 1980s effort to promote the Yugo in America. The list price on the Chery is expected to be around $20,000 in the U.S.
He is being advised by another international heavyweight — Maurice Strong.
The plan is to sell 250,000 Cherys in the U.S. in the first year through 250 dealerships, with a target of 1 million by 2010.
Most Americans are familiar with the name Soros because of his involvement in U.S. presidential politics in 2004. Less familiar to them is Canadian Maurice Strong.
He served as secretary-general of the 1992 Rio Earth Summit conference. He also served as special adviser to the U.N. secretary-general on reform years before the oil-for-food scandal.
Strong made his fortune in oil and utilities, but is a self-described socialist. he once said that for humanity to survive, it may be necessary “for industrial civilization to collapse.”
He may be best known for his promotion of the Earth Charter, along with Mikhail Gorbachev. The document has been described as an effort to create a new “16 Commandments” to serve as the foundation for a new global religion.
Both Soros and Strong are known as major proponents of global government and rabid environmentalists – ironic, perhaps, given Cherys’ plans to export into the U.S. and elsewhere SUVs among other smaller vehicles.
Soros spent $23 million in a failed attempt to prevent President Bush’s re-election. During the presidential race, Soros told reporters if Bush were to be re-elected, he planned to go away to “some kind of monastery to reflect on what is wrong with us.”