 | |  |  | | | | | | | | | | | | |
 |
|
|
|
|
|
|
 |
|
 |
|
| |
| Author |
Message |
SouthwestRanger
B.V. Info Seeker
Joined: Jun 07, 2006
Posts: 2125
Location: Several Miles North of Rob & JRZGRL
|
 Posted: Wed Nov 19, 2008 5:23 am Post subject: Chinese may buy GM, Chrysler |
 |
|
| |
Bertel Schmitt
November 18, 2008
Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. A National Enquirer the paper is not.
It is one of China’s leading business newspapers, with a daily readership in the 3 millions. The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.”
These hints are very often followed with quick action in the Middle Kingdom. The hints were dropped just a few days after the same Chinese government gave its auto makers the go-ahead to invest abroad. And why would they do that?
A take-over of a large overseas auto maker would fit perfectly into China’s plans. As reported before, China has realized that its export chances are slim without unfettered access to foreign technology. The brand cachet of Chinese cars abroad is, shall we say, challenged.
At current market valuations (GM is worth less than Mattel) the Chinese government can afford to buy GM with petty cash. Even a hundred billion $ would barely dent China’s more than $2t in currency reserves. For nobody in the world would buying GM and (while they are at it) Chrysler make more sense than for the Chinese. Overlap? What overlap? They would gain instant access to the world’s markets with accepted brands, and proven technology.
21st Century Business Herald, obviously with input from higher-up, writes that Chinese industry must change and upgrade. China wants their factories to change from low-value-added manufacturing to technically innovative and financially-sound high-value-add industries. Says the paper: “It would be much easier now for strong Chinese automakers to go global by acquiring some assets of their U.S. counterparts in times of crisis.”
Deloitte & Touche sees a trend: “Chinese automakers can start with buying out the OEM projects and Chinese ventures of some global carmakers such as GM and Chrysler.”
The Chinese appear to have bigger plans than an accounting firm can imagine. 21st Century Business Herald acts and writes as if its already a done deal, and the beginning of more to come. “In the coming two years China is likely to see a few of its large Chinese automakers and other manufacturing enterprises set a precedent for achieving globalization by acquiring global companies, just like SAIC or Dongfeng’s possible acquisition of troubled GM or Chrysler.”
Just in case you missed it, the Shanghai Automotive Industry Corporation (SAIC) is China’s largest auto manufacturer. In 1984, the company entered a joint venture with Volkswagen. A decade later, SAIC entered a joint venture with General Motors. In 2007, SAIC bought the Nanjing Automobile Corporation, which had acquired British MG Rover in 2005.
LINK |
|
|
| Back to top |
|
 |
| Author |
Message |
SRO
B.V. Info Seeker
Joined: Jul 25, 2004
Posts: 4875
Location: BC, Canada
|
| Posted: Wed Nov 19, 2008 7:14 am Post subject: |
|
|
| |
| MORE good news? Seems like there's a lot of it recently eh? |
|
_________________
"Victis honor"
"I'm not arrogant, I'm just the **it."
~Brother. |
|
| Back to top |
|
|
| Author |
Message |
ninor
B.V. VIP - Friend
Joined: Sep 28, 2001
Posts: 3535
Location: Northern Canada
|
| Posted: Wed Nov 19, 2008 7:30 am Post subject: |
|
|
| |
Why wouldn't they buy them? They already own a very large chunk of the US's National Debt. You can thank Bush and his cronies for that.
It might be time to start brushing up on your Chinese my American friends.    |
|
_________________
For some, the mystery of evil is too deep to be illuminated by the light of reason.
~Dean Koontz~ |
|
| Back to top |
|
|
| Author |
Message |
martiandrifter01
B.V. Info Seeker
Joined: Mar 28, 2008
Posts: 789
Location: Xanthe Terra, Sol IV/Mars
|
| Posted: Wed Nov 19, 2008 8:02 am Post subject: |
|
|
| |
They won't take us over, ninor. Too many of us are too iggerant to do better than 'Chien, Shang, Houang'.
Isn't that the name of the conglomerate that made the offer?
 |
|
_________________
Just for fun, and maybe a chance to learn a little solar system astronomy...
martiandrifter.com |
|
| Back to top |
|
|
| Author |
Message |
Nesaie
B.V. Info-a-holic
Joined: Aug 04, 2005
Posts: 10412
|
| Posted: Wed Nov 19, 2008 12:38 pm Post subject: |
|
|
| |
Wouldn't surprise me considering GM is "investing" in China and building new plants there.
Sounds more like outsourcing to me. |
|
_________________
Soma: All the advantages of Christianity and alcohol; none of their defects.
Have you had your Soma today? |
|
| Back to top |
|
|
| Author |
Message |
greeney2
B.V. Info-a-holic
Joined: Sep 28, 2001
Posts: 9871
Location: USA
|
| Posted: Wed Nov 19, 2008 7:07 pm Post subject: |
|
|
| |
| Why do you think China wanted the Olympics to be in epic porportions? China is capable of many big things, the olympics was a showcase for it. |
|
|
| Back to top |
|
|
| Author |
Message |
bluesman
B.V. VIP - Friend
Joined: Sep 11, 2001
Posts: 8329
Location: next to gort the big alien in reeds spring mo.
|
| Posted: Wed Nov 19, 2008 7:13 pm Post subject: |
|
|
| |
chevy is the biggest selling car in china..
gm has been building plants and have teamed up with one of chinas largest
auto makers..
i seen that coming way before the bottom fell out of the markets here..
just a matter of time and china will have most of it.
bluz
ahhhhhhhhhhhh sooooooooo |
|
|
| Back to top |
|
|
| Author |
Message |
_Billy_
B.V. VIP - Pioneer
Joined: Oct 25, 2001
Posts: 18402
Location: South Carolina---Laissez les bons temps rouler
|
| Posted: Wed Nov 19, 2008 9:29 pm Post subject: |
|
|
| |
| Better the Chinks than the Japs. |
|
_________________
Adopt A Greyhound! |
|
| Back to top |
|
|
| Author |
Message |
BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1948
Location: Poconos, USSA
|
| Posted: Wed Nov 19, 2008 9:58 pm Post subject: |
|
|
| |
At this point if it stops them from taking more of our money to bail out a failed industry. I say let them do it.
I don't understand why they just don't go into bankruptcy ? I know management will lose everything, but at least the companies can rebuild, and stay in business.
Oh that's right UAW will lose their lucrative deals. sorry forgot . 
BloodStone... |
|
_________________
If it were raining hookers, I'd get hit by a fag. |
|
| Back to top |
|
|
| Author |
Message |
_Billy_
B.V. VIP - Pioneer
Joined: Oct 25, 2001
Posts: 18402
Location: South Carolina---Laissez les bons temps rouler
|
| Posted: Wed Nov 19, 2008 11:49 pm Post subject: |
|
|
| |
| Unions are the backbone of the workers in America, who would be trounced over by big business were it not for them. Don't blame it on UAW, blame it on the greedy owners, not the workers. |
|
_________________
Adopt A Greyhound! |
|
| Back to top |
|
|
| Author |
Message |
BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1948
Location: Poconos, USSA
|
| Posted: Thu Nov 20, 2008 12:06 am Post subject: |
|
|
| |
| Quote: |
| Unions are the backbone of the workers in America, who would be trounced over by big business were it not for them. Don't blame it on UAW, blame it on the greedy owners, not the workers. |
_unions_ are no longer needed in most industries, there are plenty of new laws to protect workers. OSHA comes to mind. But there are many others that can easily do what the _unions only promise to do.
And once again you didn't hear what I said. I didn't blame the workers. I blamed The UAW. Big difference. The UAW, and the owners are one and the same in all this. They make deals for their greed just like the owners. The workers have nothing to do with it.
BloodStone... |
|
_________________
If it were raining hookers, I'd get hit by a fag. |
|
| Back to top |
|
|
| Author |
Message |
_Billy_
B.V. VIP - Pioneer
Joined: Oct 25, 2001
Posts: 18402
Location: South Carolina---Laissez les bons temps rouler
|
| Posted: Thu Nov 20, 2008 12:42 am Post subject: |
|
|
| |
| _Unions_ are needed. I worked for CSX Railroad and was a member. Believe me without the U>>> we would have all been screwed. |
|
_________________
Adopt A Greyhound! |
|
| Back to top |
|
|
| Author |
Message |
martiandrifter01
B.V. Info Seeker
Joined: Mar 28, 2008
Posts: 789
Location: Xanthe Terra, Sol IV/Mars
|
| Posted: Thu Nov 20, 2008 1:05 am Post subject: |
|
|
| |
No doodoo, _Billy_. Sorry Bloodstone, but most of those 'protection' laws have already gone south. Don't look for them to return anytime soon. I was shocked on my return to the Southeast to find that most workers here are so used to sucky conditions they don't know the difference. They think it's normal to risk life and limb and get busted up 'working for the man'.
If I had a dollar for every horror story I've heard, every accident I've seen, I would be living in a real house instead of hurricane fodder.  |
|
_________________
Just for fun, and maybe a chance to learn a little solar system astronomy...
martiandrifter.com |
|
| Back to top |
|
|
| Author |
Message |
BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1948
Location: Poconos, USSA
|
| Posted: Thu Nov 20, 2008 1:06 am Post subject: |
|
|
| |
| Quote: |
| Believe me without the U>>> we would have all been screwed. |
And how much money do they take from you , to stop you from being screwed.
So you either get screwed by the company or you pay the _union to screw you. Sounds like a deal to me...
If you think they have you're best intrest at heart you're kidding yourself.I really wish you guys who are so pro _union would get to sit in on the Company , and _union contract negociations. I think you would be very disappointed, how willing they are to sell you out.
I sit in on a lot of these meetings. You are just another paycheck to them.
BloodStone... |
|
_________________
If it were raining hookers, I'd get hit by a fag. |
|
| Back to top |
|
|
| Author |
Message |
BloodStone
B.V. Info Seeker
Joined: Apr 29, 2005
Posts: 1948
Location: Poconos, USSA
|
| Posted: Thu Nov 20, 2008 1:14 am Post subject: |
|
|
| |
| Quote: |
| I was shocked on my return to the Southeast to find that most workers here are so used to sucky conditions they don't know the difference. They think it's normal to risk life and limb and get busted up 'working for the man'. |
Not for nothing , but that is their own dumb fault. Most places now are pushing safety regs so hard(to avoid lawsuits) if you step out of line once they fire you. Sorry I'm not buying it. If you are working in unsafe conditions ,and haven't spoke up it's you're own dumb fault.
The laws work if you speak up, if you allow them to walk all over you , then you deserve it. There is no reason in this day and age not to know ,and follow the laws in industry standards.
Sounds to me like you have been brainwashed into thinking the _union is the only thing that can help you. It's a flat out lie.
Read you're companies policies, and procedures. If they are not being followed call OSHA. It's that easy folks. no _union required.
BloodStone... |
|
_________________
If it were raining hookers, I'd get hit by a fag. |
|
| Back to top |
|
|
|
|
|
 |
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Goto page 1, 2, 3, 4 Next |
| Page 1 of 4 |
|
|
|
|
|
|
|
|
| | | | | | | |
| |
blocks-left.jpg
blocks-left.jpg
blocks-left.jpg
|  |
Online Stats: 
