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Only Half Human
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:eek:Chinese Automakers may buy GM and Chrysler

by Bertel Schmitt
Chinese Automakers may buy GM and Chrysler


Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports. LINK A National Enquirer the paper is not. It is one of China's leading business newspapers, with a daily readership over three million]. This newspaper 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. The Chinese could easily export Made-in-China VWs, Toyotas, Buicks. If their joint venture partner would let them. The solution: Buy the joint venture partner. Especially, when he’s in deep trouble.

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.

The editors of 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.”
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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.

Dongfeng Motor Corporation is a public company, although 70 percent of their shares are reported to be in government hands. They also are one of China’s Big Three. The company has numerous joint venture partners, such as Nissan, Peugeot-Citroen, Honda, and Kia. Dongfeng (which means “East Wind”) was founded at the behest of Mao Zedong himself in 1968.


[link to www.agoracosmopolitan.com]
 

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I travel light
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Boys, this only tells me something: USA is in big trouble now. I´ve been told by a old man pretty much smarter than me (that´s the people I like to talk usually despite it´s not easy to find :D: ) than Chinese government has being following for generations the same agenda going for a wide spreading of their people and culture. Something to wonder about: at least in Venezuela, there are LOTS of chinese restaurants and grocery stores owned by chinese. They don´t have relation with other people not-chinese. Only speak chinese between them. Much of them can´t speak spanish. Their girls love venezuelan men (of course they do, we´re lovely) but get marry (happily?) with chinese men. They´re not poor. Lots of them play in the casinos, drive expensive tuned cars...some chinese cars I´ve been on just suck. Here they´re not cheap neither, and I would not buy one even at half price. I don´t own american cars because am a stubborn SOB and prefer japanese quality. I see this (if it´s true) as a confirmation of that China is developing a world domination agenda, only that in a baseline much more slow and long than any other agenda (it would be difficult to prove that there´s only one). Through economy, culture and spreading people (in Venezuela there are chinese even in the smaller towns!) all world around they´re slowly taking control of the places...I see now the fear that some US patriots have to China. If they buy GM then the concept is hard to defeat!. Man...I don´t like that idea.Our new satellite is chinese, I hope it works better than their cars.
 

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I travel light
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Hey...sorry about the double post...but chinese feng shui, and that things...they strongly believe in the effect of symbols..."east wind" name of this company seems not to be a coincidence. An hurricane could be called a wind as well. What can you do to stop the wind?...
 

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China has the money and can produce goods at a price that no western country can compete with so why not?
I'm pretty sure the chinese will be able to turn GM into a profitable company again like they have done with most western industrial companies that they have aquired.
 

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Say no to NWO PLEASE!
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So along with their stated intentions to buy a ton load more gold, the Chinese seem to be very smart. Get rid of all their Dollar reserves by buying up hard assests, factories and inflation proof gold.

I've always known Asians work harder and are smarter than us, but not is really IN ure FACE
 

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I haven't really been able to verify this yet...being that I don't read Chinese. The US major media hasn't said anything about that I can find.

I'm wondering if this isn't some powerplay rumor by GM and Chrysler themselves to try and bully Congress into a bailout.?.?
 

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I haven't really been able to verify this yet...being that I don't read Chinese. The US major media hasn't said anything about that I can find.

I'm wondering if this isn't some powerplay rumor by GM and Chrysler themselves to try and bully Congress into a bailout.?.?
I haven't thought about that..

But if it DOES go through, at least the 8 year olds that will work on the assembly lines will be able to make a more reliable product than the lazy American union workers have been able to do.. So at least there's THAT consolation.. We may begin to see Chevy Luminas approach 100,000 miles in the next few years as opposed to the 45,000-60,000 they typically die at now..
 

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I help enlighten folks
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I haven't thought about that..

But if it DOES go through, at least the 8 year olds that will work on the assembly lines .
what are you saying? we're going to import 8 year old slaves?
 

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I help enlighten folks
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I think he's talking about the 8 year olds in China.

But then, what's the difference? That's exactly what NAFTA encouraged our industries to do anyway right? Utilize slave labor abroad?
That doesn't have too much to do with our plants in the US.
Not sure what they'd be "buying".
 

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what are you saying? we're going to import 8 year old slaves?
Oh, they won't be part of the deal???

Doesn't seem to bother the people who shop at Walmart and buy the products the slaves make.. At least if we bring them here to let them work, they will have the luxury of experiencing an entire country not having the same time zone.. Imagine what it must be like to go to bed at 10 PM and have the sun still high in the sky? It MUST be taxing..
 
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