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Discussion Starter · #1 ·
This release from China Daily News is of interest<p>especially this quote<p>"Chinese companies should make clear that the assets they are considering are assets that they really need" Fu said<p><br>It appears the Chinese are becoming aware of TATA's cash *****...<br>The timing for Ford was excellent.they bailed no one was going to buy<br>Jaguar..Range Rover... Tata will eat that product line period..Look at the NEW jaguar..with its 80,000 price tag and Monster V8..The Hummer<br>Fiasco..as well as the MG route .They may be purchasing less and receiving<br>nothing in return..Crossed technologies..with Ford..<p>The Swedish unions will not allow the wholesale move of Swedish Industry<br>and the Chinese cannot bring the costs in line..by building in China.. at the<br>expense of the Swedes..<p>The politics notwithstanding..the Chinese have the cash..they can purchase<br>Volvo..but they are not idiots either..look at what is happening in Germany<br>TODAY with Opel..The Chinese were approached and for what, to be overridden by the German Governments influence..they didnt like the heavy<br>Russian input..So Magna has to have a greater ownership<p>So read the Chinese input..Yes they have the financial strength..but they<br>would most probably loose massive amounts of money over time..<p>Volvo would forever be changed and the change would come quickly<p><br><A HREF="http://english.people.com.cn/90001/90778/90857/90860/6705031.html" TARGET="_blank">http://english.people.com.cn/9....html</A><p>
 

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Toyota rethinking North American Market..Not Profitable

So if Toyota is not profitable..and are manufactured here and are well<br>received here..what is one to think of the option of purchasing a massive<br>company like Volvo <p><br>Washington -- Toyota's top U.S. executive said the company was reviewing its entire operation here, saying executives haven't decided whether to close a factory in California or when they will open a factory in Mississippi.<p>In an hour-long interview with reporters at Toyota's Washington office, Yoshimi Inaba, Toyota's president of Toyota Motor America and chairman of Toyota Motor Sales USA, said the company is not profitable in North America despite cost cutting in the organization. He said he hoped Toyota could be profitable in its next fiscal year in North America.<p>He said Toyota was in the middle of "an overall replanning of our North American operation." <B></B>
 

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Re: Toyota rethinking North American Market..Not Profitable (philisophe)

I'll bet selling all those Japanese manufactured Priuses and Lexi have something to do with it.
 

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China Spying Concerns..Um Really

China using the internet to spy on Germany<p>Published: 21 Jul 09 15:51 CET<p>China is increasingly using the internet to spy on German government officials and companies, according to the German domestic intelligence service.<br>ADVERTISING<p> * Hamburg ranked as city with best economic outlook - Money (21 Jul 09)<br> * Easterners unhappy with reunification - National (21 Jul 09)<br> * Deutsche Bank probed for spying on board - Money (21 Jul 09)<p>Walter Opfermann from the state office for counterintelligence in Baden-Württemberg said on Tuesday that state-backed Chinese spying via the web had already become extremely sophisticated – going beyond merely acquiring information.<p>He said Beijing could also “unleash effective sabotage” on German targets, posing a growing “threat to critical infrastructure” such as the country’s power grid.<p>The internet is also apparently being used for industrial espionage alongside traditional methods of stealing knowhow at German companies. Opfermann said China – but also Russia – used spying over the web “to save billions on their own economic research and development.”<p>He estimated such industrial espionage cost German companies roughly €50 billion each year.<p><br>
 

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Re: Toyota rethinking North American Market..Not Profitable (philisophe)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>philisophe</b> »</i></TD></TR><TR><TD CLASS="quote">Toyota's top U.S. executive said the company was reviewing its entire operation here, saying executives haven't decided whether to close a factory in California or when they will open a factory in Mississippi.</TD></TR></TABLE><p>IIRC, the California plant was the NUMMI venture with GM......and with the Vibe's death; nothing left to build. The last plant was Texas for the new Tundra.....which came at the exact wrong time for a gas guzzling full size truck. Not surprising that they would rethink another new plant at this time.
 

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Discussion Starter · #6 ·
German Govt's Attitude

RHJ International has offered to invest €275 million for a 50.1% stake in Opel, requesting €3.8 billion in government funding. GM is understood to favor RHJ's bid for Opel.<p>Beijing Auto's preliminary offer was valued at €660 million for a 51% stake in Opel and it asked for €2.64 billion in German government guarantees. But Homann said that the bid by Beijing Auto was losing ground in the running compared with the bids from Magna and RHJ.<p>Industry analysts said the German government has limited confidence in the international management capability of Beijing Auto while GM is not willing to sell its Opel brand to a Chinese carmaker to rival its profitable ventures with China's auto giant SAIC.<p>A recommendation on a partner is expected by the end of the month. GM aims to finalize a deal by the end of the third quarter after being forced to seek partners for the unit to access state aid to keep the business running.
 
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