Since the Great DRecession of 2007-2008 and the automotive industry games, its hard to tell who owns what any more. Fiat owns Chrysler Ford sold off Volvo Saab was bought back by the Swedish Government China owns a piece of BMW and Rolls Royce and Jaguar? VW sold off a big chunk to ??? Our Canadian government bought a chunk of Chrysler and GM Mercedes seems to be the only one left standing Anybody got some tweaks or news about other players?:confused:
With GM building plants in China, and closing them in Australia.......and of course around here.......I guess GM will be a foreign car manufacturer real soon. If I bought a new Chevy, it would be an import?
I know that Jim Beam ain't no longer an American-made whiskey! http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2014-01-13-07-19-30
GM already sells more cars in China than it does in the U.S. It's not surprising that they'd turn some attention there. GM Reports Record Sales in China http://www.zacks.com/stock/news/119042/GM-Reports-Record-Sales-in-China
I thought GM already was a foreign car company? Quote from video..... Our commitment to working in China, with China, For China http://www.youtube.com/watch?v=Lvl5Gan69Wo Base ball,Hot dogs, apple pie, and Chevrolet has become Chop Sticks, cold rice, no human rites, that's Chevrolet .... or is it Chinarolet
Not just on your side of the fence. I was recently given a nice canvas work coat. The tag inside the collar boldly saying 'Canada Genuine Sportswear established 1954', with a very small tag sewed below it saying.... 'Made In China':confused: I've had many work coats from this company over the years, still have a few slob shop rag ones, the made in China is completely new.
I believe that some Chinese company has a controlling interest in Volvo now. And that's Volvo cars only. Volvo trucks is a completely different company, still in Swedish hands.
You are not going to see Chinese-built GM cars or trucks in the US...certainly not anytime in the foreseeable future! The Chinese car market is hot hot hot right now. Buick is the number one seller there, followed by Chevrolet. These are Chinese-built GM products for the China market. The dead giveaway for any car built anywhere since 1981 - the start of the 17-digit VIN worldwide - is if it's a Chinese-built vehicle, you'll see an "L" in the first character of the VIN, regardless of what company built the car or truck. Anymore, I really do not care where a vehicle is built. If I like it and have the cash, I'll buy it. I have a Canadian-built Ford, a Mexican-built Chrysler, a Canadian-built Dodge van, and several American-built pre-'79 vehicles.
Tata owns Jaguar. I get a kick out of people who raise a stink about GM investing in China and saying they are a foreign car company. That is the fastest growing market in the world. Are they supposed to ignore it?
Well, Kevin.......at least we all can have opinions. Here's mine. GM was bailed out by the American taxpayer. We lost over 50 billion that way. This was to save the American car manufacturers. As they close their production facilities down here, they are opening new ones in China. That doesn't seem right to me. Looks like the jobs are leaving here, and going to China, and we paid for it. Don't even get me started on what they did to bondholders......or unions.
I'd be right there with you if they took the 50 billion or whatever it was and shut down all of the plants here and started bringing over new cars on boats from China, but that is not what they are/were doing. They reinvested in plants here and they sell what they build here. If they did close plants here it was because they had so much excess production capability it wasn't even funny. They had to adjust their capacity to match what the North American market could and would bear. Doing business in China is a little different. You have to be part of a JV and the cars have to be built there. If they want to stay profitable, continue growing, and be involved in what will be the largest vehicle market they have to invest in capital over there too.
Well, so far, Ford seems to be one of the few originals. Its not exactly real news that auto companies change owners, but the case that a major US industry is owned by foreign investors is. http://www.coachbuilt.com/ You read about some of the marques in that list, and find that changing diapers was maybe the only more frequent event to changing owners in the auto game, but it was usually within the same country. My only issue with this so-called Global Marketplace, is that our politicians use it for an excuse to not face our own electorate when they screw up, and take their "Bullet Proof" caddy, since we shutdown our embassies in many countries, even to 'safe' countries. Never heard of a Canadian Prime Minister under fire, except in Canada! $1,000,000 to fly out his caddy to India for a 3 day conference, and all the security certified mechanics to keep it running. Putz!
If I had any money for a new car and if (big if here) I had any interest in anything built in this century Ford is the only company I would consider primarily due to the other's involvement in Government buyouts and union shenanigans. (Bankruptcy laws? What Bankruptcy laws?). Well... Maybe a Morgan. mike