Author: bantopost

Chinese company buys Hummer? [Copy link] 中文

Rank: 4

Post time 2009-6-11 17:34:54 |Display all floors
Originally posted by commonsense at 2009-6-6 22:03
Rio Tino scraped the deal with Chinalco, something similar with this affair of hummer acquisition.

comments come out more and more of this failed deal with this US auto.

chinese are always doing wrong ans stupid.  

Right, and that's how we came this far from a half colonized country ruled by chaos to one of the most respectful nations on this planet.

We have a population of more than 1.3 billion , please do not judge the Chinese nation according to the deeds of some (wealthy or not) individuals.

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Rank: 4

Post time 2009-6-12 11:50:52 |Display all floors

Silly idea

Even though Teng Zhong is a privately funded company, I think the government should refuse to let it buy the Hummer business, a losing business for sure.  If the private investors don't have good business common sense, the government ought to refuse to let the deal go through.

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Rank: 6Rank: 6

Post time 2009-6-12 17:34:22 |Display all floors

Just wait until they found out about UAW

United Auto Worker Union, hahahaha

what $75 dollar an hour sweeping floors?  hahaha.

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Post time 2009-6-12 17:46:41 |Display all floors

China should also buy Hamas.

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Rank: 1

Post time 2009-6-13 15:31:03 |Display all floors
maybe we should believe in oursevles.

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Post time 2009-6-15 22:54:38 |Display all floors


This case reminded me of Japanese purchasing tide in US abt two decades ago. At that time, Japanese businessmen got abundant USD reserves because of consecutive trade surplus (as Chinese status now). To eliminate the excessive appreciation of Japanese Yen, government encouraged these upstarts to invest abroad and introduced the most advanced technology from US (also as Chinese status now). As the premier Zhu Rongji said: "In 1980s Japanese businessmen almost bought out all the New York buildings." During that period Japanese purchased many famous corporations in US by high prices, however, this purchasing tide left nothing but a profound lesson to Japanese businessmen finally. After acquisition of US companies, Japanese executives failed to make the management methods used in Japan work in US, and after years’ gloomy operation these Japanese tycoons could only handed these companies back to US by much lower price.

Presently China also got abundant USD reserves and government also encourages powerful native companies invest abroad; however, I don’t hope Chinese businessmen to suffer a hangover like Japanese counterparts.

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Rank: 6Rank: 6

Post time 2009-6-16 03:51:40 |Display all floors

It is only about money, 600 Millions US only

Originally posted by soapdodger at 2009-6-3 12:39

The simple answer?

That would very much depend on how much they paid for it!

It is only about money and I believe it is the right move.

It allows the western province to claim a stake in General Motors.

It allows the Chinese western province to develop a major industrial base

when most industries are along the coastal area and southern China.

It is about time when the interior part of CHINA to develop automobile and heavy industries abroad.

It is a very risky gamble of 600 millions (US) at first hand and there are many more hands to deal with.

Good luck !

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