China’s Move On US Auto
Monday, March 9, 2009 12:10Posted in category The Big Picture
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There are few people in the media that irritate me more than Lou Dobbs, but this 3 minute clip does a good job of packaging the fact that the recent weakness in US auto has begun to attract a more serious look from Chinese investors.
It is something that was once framed to me in a meeting with one auto supplier who said that “there will be no 3rd tier American suppliers left”, and when Cerebus invested in Chrysler (with several Chinese suitors in the mix), I figured it was only a matter of time.. and perceived value.
[youtube]http://www.youtube.com/watch?v=XsZMOmQ-u7I[/youtube]
Update to the post: Autoblog is reporting that the Chinese government approves of Chery’s bid to purchase Volvo
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