Chinese firm eyes Delphi assets
Supplier intends to become major player with American-made products

Alysha Webb
AN / December 19, 2005

XIAOSHAN, China -- Delphi's pain could be China's gain.

Lu Guanqiu, the ambitious chairman of Wanxiang Group, says he is negotiating with Delphi Corp. to acquire some of the financially troubled company's assets in the United States.

Wanxiang already owns stakes in six U.S. manufacturing companies that employ about 1,000 people.

Lu is unlike most Chinese suppliers, who are content to stay home and increase their overseas business with exports.

 

For Sale: United States
Buyer: China

Yeah..... One day we will wake up and wonder what happened.

 

Yeah, Trade Deficit = problem. Big.

 

At least a power window switch won't cost $92 anymore.



Demand for the dollar over seas is the only thing keeping the value of the dollar droping harder. Lets hope all these overseas countries that are stock pileing $100 bills (like China) don't dump them all on the market at once some day.

 

I remember back when the japanese owned everything too

 

How ironic . Chinese are looking into Delphi . And the 06 HHR , Monte Carlo , Impala and any other model using the new style CD player with the big round button in the middle is made by Fujitsu . Its the first non-delphi radio I think Ive ever seen in a GM car

 

Wow, I didn't know that. Makes sence becuase the new GM corp. radio is the best looking one I've ever seen in a GM car, even one of the best on the market in general.

 

Thats the one , I have one sitting in my room .