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Thread: Chinese automakers may buy GM and Chrysler

  1. #1
    Super Moderator twitchy2.0's Avatar
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    Default Chinese automakers may buy GM and Chrysler

    Chinese Automakers May Buy GM and Chrysler
    By 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 over three million.] 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. 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.

    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.

    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.

    Source: Chinese May Buy GM and Chrysler | The Truth About Cars
    "But I am very poorly today & very stupid & I hate everybody & everything." -- Charles Darwin

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  2. #2
    Elite Member Grimmlok's Avatar
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    yeah, that;s just what GM and chrysler need.

    Chinese manufacturing quality.

    They'll simply melt, explode, or electrocute you when you turn them on.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Super Moderator twitchy2.0's Avatar
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    Quote Originally Posted by Grimmlok View Post
    Chinese manufacturing quality.
    Like so:
    [youtube]http://www.youtube.com/watch?v=f7Ts94rjr4M[/youtube]
    "But I am very poorly today & very stupid & I hate everybody & everything." -- Charles Darwin

    "Trump is, in my opinion, the first woman president of the United States." -- Roseanne Barr

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    Elite Member witchcurlgirl's Avatar
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    No way.

    They're getting the bailout. I know my government.



    All of God's children are not beautiful. Most of God's children are, in fact, barely presentable.


    If I wanted the government in my womb I'd fuck a Senator

  5. #5
    Elite Member Mr. Authority's Avatar
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    And there goes the American manufacturing base. *sigh*

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    Elite Member LynnieD's Avatar
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    Dongfeng?? ahahahaha

    Sure, whatever works.

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    Elite Member L1049's Avatar
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    Quote Originally Posted by twitchy2.0 View Post
    Like so:
    [youtube]f7Ts94rjr4M[/youtube]
    Or if you would like a little selection, when it comes to the speedometer logged in your forehead there's always the Brilliance BS6:
    [YOUTUBE]http://www.youtube.com/watch?v=lvhuFvkX688[/YOUTUBE]

    Congratulations China, you've made the entire car a crumple zone.

    You may also like a selection of these fine vehicles from around the world. All completely safe:
    [YOUTUBE]http://www.youtube.com/watch?v=irTqF0wPKso[/YOUTUBE]


    What does it say about me if I spend most of my time on youtube looking up crash tests and aircraft crashes??

  8. #8
    Super Moderator twitchy2.0's Avatar
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    Quote Originally Posted by L1049 View Post
    What does it say about me if I spend most of my time on youtube looking up crash tests and aircraft crashes??
    I love that stuff too.

    The last one in the compilation vid is an older model Australian Holden Commodore and not a Russian car as it is labeled.
    [youtube]http://www.youtube.com/watch?v=CgjtSilW8yM[/youtube]

    And the F150. Built Ford tough!
    [youtube]http://www.youtube.com/watch?v=lB0araA0T_k[/youtube]
    "But I am very poorly today & very stupid & I hate everybody & everything." -- Charles Darwin

    "Trump is, in my opinion, the first woman president of the United States." -- Roseanne Barr

  9. #9
    Elite Member celeb_2006's Avatar
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    Quote Originally Posted by L1049 View Post
    Or if you would like a little selection, when it comes to the speedometer logged in your forehead there's always the Brilliance BS6:
    [youtube]lvhuFvkX688[/youtube]

    Congratulations China, you've made the entire car a crumple zone.

    You may also like a selection of these fine vehicles from around the world. All completely safe:
    [youtube]irTqF0wPKso[/youtube]


    What does it say about me if I spend most of my time on youtube looking up crash tests and aircraft crashes??


    Wait, umm, that isn't really funny now that I think of it....

  10. #10
    Elite Member Grimmlok's Avatar
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    Holy fuck, the Ford F150 crumpled like a paper cup!

    not as bad as the chinese cars, but pretty fucking close. Yikes.

    wtf use is an airbag if the dashboard is shoved down your throat .09 miliseconds later

    OMFG the Cherry Amulet.. the entire front half of the car is gone.. people actually drive these things!?

    the russian car turned itself intp a pancake at the end. the entire thing flattened.

    amazing.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

  11. #11
    Elite Member L1049's Avatar
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    Quote Originally Posted by Grimmlok View Post
    Holy fuck, the Ford F150 crumpled like a paper cup!

    not as bad as the chinese cars, but pretty fucking close. Yikes.

    wtf use is an airbag if the dashboard is shoved down your throat .09 miliseconds later

    OMFG the Cherry Amulet.. the entire front half of the car is gone.. people actually drive these things!?

    the russian car turned itself intp a pancake at the end. the entire thing flattened.

    amazing.
    At least with the Brilliance BS6 the doors will pop open in the crash to aid in scraping your brains off of the dashboard.

    While looking at crash test videos, I was shocked at the smart car's test. While the front end is totaled, the cockpit is still intact. It's like the entire thing is a roll-cage:
    [YOUTUBE]http://www.youtube.com/watch?v=mz-s1sIoLhU[/YOUTUBE]

    This sucks. About a week ago I found pictures of the aftermath of the Chery Amulet crash test and now I can't find them But one of the photos, the dummies legs (knee down) were still jammed in the car. From the looks of the picture, the dummies upper body was torn at the knee.

  12. #12
    Super Moderator twitchy2.0's Avatar
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    Oh, I know the ones!


    More pics on site:
    Краш-тест Chery Amulet по методике EuroNCAP
    "But I am very poorly today & very stupid & I hate everybody & everything." -- Charles Darwin

    "Trump is, in my opinion, the first woman president of the United States." -- Roseanne Barr

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