To: ninenot
Ford Motor was told that they could build a plant in PRC, and they were ALSO told that PRC would own ALL the technology in that plant at the end of five years.
The technology you are talking about is ordinary factory technology -- nothing endangering national security.
You have to ask yourself why would a company like Ford agree to such an arrangement? Give away a plant after 5 years????
Either Ford is anti-American and wants to prop up the Chinese or there are issues in our country that drives Ford overseas.
To: Erik Latranyi
Who said anything about National Security, Erik?
Why would FOMoCo do that? Simple. Five years of vastly increased profits and concomitant debt reduction. Ford is in trouble financially, and the Chinese have offered them a solution.
Billy Ford's interests lie in maximizing the value of his shares, not in maintaining FoMoCo's employment in America. Henry Ford would kill this poor kid, if he got his hands on him.
194 posted on
01/02/2004 8:15:10 AM PST by
ninenot
(So many cats, so few recipes)
To: Erik Latranyi
You have to ask yourself why would a company like Ford agree to such an arrangement? No, that was the deal Ford had to accept to gain access to the Chinese market. Its called a trade barrier and counter to agreements the Chinese already made. It is the job of our government to policy such agreements. A job they have proven either unwilling or unable to do.
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