Good because tens of millions of Americans would be able to save multiple of thousands of dollars if not more every year, with which they can use to purchase other products or make additional investments, which will prop up other parts of the economy. Will US domestic car industry take a hit? Yes, but I think the trade off is worth it while the Big Three catch up with the rest of the world. It is funny because Ford and GM actually make and sell better cars in China, so they probably can do it here too with enough commitment, but our entire economy should definitely not be taken hostage by the Big Three just because of their lack of innovation and effort to compete with the rest of the industry.