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Chinese auto parts firm eyes Ford unit

Old 12-08-2006, 09:02 PM
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2006Ride
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Default Chinese auto parts firm eyes Ford unit

Wanxiang in talks with automaker over former Visteon plants

By Geoff Dyer
Updated: 7:14 a.m. PT Dec 8, 2006

HANGZHOU, China - Wanxiang, China's largest car-parts maker and one of its most acquisitive companies, is in talks with Ford to buy assets from the U.S. carmaker's troubled components arm.
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Old 12-08-2006, 09:55 PM
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Default RE: Chinese auto parts firm eyes Ford unit

Oh great.... I am in the parts wholesale business, and this is not good at all.
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Old 12-08-2006, 10:04 PM
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Default RE: Chinese auto parts firm eyes Ford unit

Unfortunately, simple economics at work. You can't compete with quasi-slave labor. It sucks, and we're all guilty.

Frankly, most of us would probably pay for a less expensive Bullitt wheel made overseas versus the more expensive identical wheel made here.

Walmart, anyone?
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Old 12-08-2006, 10:40 PM
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Default RE: Chinese auto parts firm eyes Ford unit

Not if tariffs were in place to compete with the slave labor wages.
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Old 12-08-2006, 10:56 PM
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Default RE: Chinese auto parts firm eyes Ford unit

2006Ride,
That is the most distracting sig pic I've ever encounter.
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