Well, I haven't seen the Greely/Geely/whatever, but I will bet you dollars to donuts that they will be around in ten years and will be the next Hyundai. I have worked in Tool and Die for almost 15 years now and have seen a lot of changes. These changes tell me that the Asians are coming in a big way, and it has to do with outsourcing.
In the early 90's, we tried to outsource auto work to Mexico when NAFTA was passed. It failed for a short list of reasons, chief among which were lack of involvement by the management of the Big Three in the projects and programs they started, and that Mexico as a country is not technologically ready to do the work. I saw this happen with stampings and assemblies, which is not rocket science, but requires a fair bit of supporting infrastructure to produce parts.
Nowadays instead of the big three telling us Die Makers that our tools will be made in here and ran in Mexico, they are telling us exactly which shop in Korea or Vietnam will build a tool that we will run in our American plant. Traditionally, Asian countries don't have a lot of heavy stamping/automotive base to draw from, but there is a difference between outsourcing now and when we did it under NAFTA: The big three have invested large amounts of money and have their own "minders" and project engineers in Asia to keep things moving properly.
This is a big deal, because once the Asians learn how to build tools and buy large enough stamping presses, the Big Three don't need to pay Americans to do it for them anymore. Similarly, they can take components they are already purchasing from that part of the world and creating large assemblies, knocking out a few more suppliers from the vehicle build. Once they start assembling, they can build a car.
GM has made no secret about their plans with China... They already have a GM car being made in China, and expect to have a GM car made in China and sold here in the next 7 years.
Guys, it's coming. Too many people have an interest in making this happen. Aside from whatever greed/survival/profit motives the Automakers have, there are other entities that are desparate for this to come along. Think about what a feather in China's hat this would be-I'm sure a lot of doors will open along the way.
Dave