Dayton,
Good luck on your quest to become "Capitolist of the Year" in Communist Red
China. I agree with Scott Roberts. I would be opposed to any "business
plan" that would take more classic cars out of circulation in the free world
for the sole purpose of lining your pockets with a grossly inflated profit
margin!
Who would be gaining something from this scheme other than you and the
Chinese government? Would you still be liable to pay U.S. income taxes on
this windfall?
Best wishes,
Jeff in San Diego
'67 RHD Spitfire Mk3 aka "Mrs. Jones"
'68 LHD Spitfire Mk3 frame-off resto project
Jeff's Classic '67 Spitfire Mk3 site & Vintage Spitfire Webring
http://www.ohms.com/spitfire/spitfire.shtml
home of the NEW Totally Triumph Auction
"By Triumph enthusiasts, for Triumph enthusiasts"
http://www.ohms.com/cgi-bin/TRauction.cgi
and..The Totally Triumph Garage forums -- moderated, focused, friendly!
http://www.ohms.com/cgi-bin/dcforum/dcboard.cgi
...plus a few other surprises!
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
----- Original Message -----
From: "dayton carpenter" <djcarpen@hotmail.com>
To: <spitfires@autox.team.net>
Sent: Monday, February 26, 2001 7:54 AM
Subject: Re: Classic Car Restoration factory in China
>
> I have been putting together a business plan and scheduling meetings with
> the Chinese gov't for the importation/sell of antique/classic american
cars
> and of course English cars that are Left side drive. The figures
(confirmed
> by my contacts here in Ford and Buick) in China indicate that 650,000
> passenger cars are sold a year and that of that figure 3% are thinking
about
> being a classic car. That is about 25,000 classic cars a year. I have
done
> the math and figure that I can make a minimum profit of between 7-10,000
per
> car. Even if I only sell 25 year, that is $250,000. Estimated number of
> sales during the second year are about 200-500 which equals US$2-5
million.
>
> According to my figure to set up everything I will cost me about
> $400-500,000 to up a state of the art factory here.
>
> I am also working to get GM of Shanghai, and Ford in China involved, in
> addition to 3M, PPG, NAPPA, Delphi, and other US companies involved in the
> auto business/supplies or parts here in China. Yes there is a NAPPA store
in
> Beijing China
>
> There are 6 different business that will revolve around the core business
> with other to follow shortly
>
> Repair then sell the classic cars
> Repair shop for later repairs to the cars
> Manufacturing of aftermarket parts including leather interiors
> Rental cars for special occassion such as marriage.
> Rental of car for advertising
> Representing US automotive manufactures here that are involved in
supplying
> automotive repair equipment
> Provide finder service for special cars that clients seek from the US
>
>
> Well enough I could on all day about this plan. This is the initial
reason
> why I came to China. I have spent last two years of life and forgave my
> high salary as a US attorney to set this plan into motion.
>
> I am meeting with the Shanghai goverment next week to work out some
details.
>
> If anybody is truely interested in this project contact me off the list.
I
> plan on being back in the US next month.
>
>
> Dayton J Carpenter, Esq,
>
>
>
>
>
> _________________________________________________________________
|