Wanxiang has been in the U.S. for almost 20 years They employ 3000 Americans AND HAVE BOUGHT Monroe pro-shaft business from FORD, Rockford Powertrain, Powers and & Sons and was in talks to buy Delphi
The deal also underscores how debt-bloated America, facing a moribund economy and poor economic policy leadership, is collectively is going to have to think in new ways working with cash-rich Asian businesses, including those from China.
Wanxiang, if nothing else, has a long record in U.S. and has been held up by government officials in its base in Illinois as a good corporate citizen. And it above all has created more jobs in the real economy through entrepreneurism than much of the bloated, deadweight political class that currently occupies Congress and top posts in Washington and is sinking America’s economic future.
It's a simple question and the answer would help you understand the difference between them and the AONE deal.
I am not political but those who are can effect the outcome of this deal. And in my opinion they will kill this deal because of Obama's track record with the green thing (near billion dollars), the fact it's a Chinese company, and the fear over security.
The fact it was funded with so many tax dollars makes it a public matter. Politicians don't give a rats backside about your investment or AONE's future. They will save their own political bacon regardless the cost.
That's correct. The goal of Wanziang would be to keep existing AONE jobs in the USA, and duplicate the factory on a bigger scale for cost efficiencies of scale in China.
That would turn AONE around to make it profitable- and open up the world's laregest EV market to AONE at the same time.