“I believe the auto industry is a competition of human resources, compe...” — Li Shufu Quote

I believe the auto industry is a competition of human resources, competition of funding, competition of technology - and the competition is international.

Product investment, quality management, and all the things that are key for a car company - great, there has been no compromise in those aspects. But I feel there's a lot we could do on communication, particularly from a Chinese perspective.

Design is very, very critical for the success of the car. We want to find the distinctive features for Chinese cars on the world stage.

We lived in a farm village, and no one could afford to buy a car or to fly. We were envious. We couldn't afford any toys. I couldn't imagine making a real car.

I bet the people who are in the auto industry right now have more than 10,000 good ideas about what might work and what we need to do is not come up with more good ideas. We need to go and test as many of those good ideas as possible.

My mother taught public school, went to Harvard and then got her master's there and taught fifth and sixth grade in a public school. My dad had a more working-class lifestyle. He didn't go to college. He was an auto mechanic and a bartender and a janitor at Harvard.

When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.

One of my favorite indicators of the near-term trend for the economy is auto sales, since folks tend to buy a car when they are feeling optimistic about their financial circumstances.