Chinese buying out Chrysler?
Well, if they can take over MG Rover, it's probably not beyond the realm of possibility...
-- Nanjing Automobile has unveiled the first MG cars to be built in China. It bought the bankrupt UK firm MG Rover for £53m ($104m) in 2005.
Nanjing Auto acquired MG Rover's assembly lines and engine technology. It plans to set up an assembly line in Oklahoma next year to supply the US market.
Technorati Tags: China, MG Rover, capitalism
3 comments:
The Chinese need a complete working modern auto that they can dissect and copy and sell if even at a cheap price to first worlders.
(real conservative)
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it worked for japan post-world war two
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Duke Hale, the man hired to head up the Oklahoma division has already quit.
The MG's and Rovers that they are building are basically good cars. MG - Rover went under primarily because of its management.
The only benefit Nanjing would have for buying Chrysler would be for the dealer network, something that they don't have now and a hugely expensive component.
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