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China First, America Second

Autoextremist Peter De Lorenzo on the future of the auto industry:

The cars and crossovers we buy in this country from now on will be designed for China and then tailored for this market. And not the other way around. The U.S. in effect has gone from being a “mature” market to becoming a second-tier automotive market for the first time since this industry was invented. And it has happened basically overnight too.

Read the whole thing.