Posted on 08/22/2017 8:46:35 AM PDT by Enlightened1
China’s Great Wall Motor Company on Monday said it was interested in buying Jeep from Fiat Chrysler. It’s not yet clear whether Great Wall has already submitted a bid for Fiat Chrysler’s Jeep or whether one is being prepared. Fiat Chrysler said on Monday that it had “not been approached by Great Wall in connection with the Jeep brand or any other matter relating to its business.”
Any attempt to sell Jeep to the Chinese could be scuttled by the Trump administration. Critics of Chinese economic ambitions in the U.S. are already saying the deal should be blocked.
“It cannot possibly be in America’s interest for China’s Communist government and companies associated with it to win a larger footprint in the U.S. economy,” said Alan Tonelson, an economist and founder of the Reality Chek blog.
“I think the United States should look long and hard before allowing such a deal to go forward as I think Chinese style state guided and state run capitalism does not necessary mesh well with U.S. free market capitalism,” said Clyde Prestowitz, president of the Economic Strategy Institute.
One concern is that the deal could be used to capture U.S. technology.
“Given that U.S. car companies have been prohibitted from either setting up a factory in China without doing a joint venture with a Chinese company and are for all intents and purposes prohibited from buying Chinese companies as majority shareholder and that Chinese companies use purchases of U.S. companies to take technology back to China, this, in my view, would be a bad deal for the U.S.,
(Excerpt) Read more at breitbart.com ...
Oh Hell no!
Fiat/Chrysler is laying the groundwork for another Fed.gov bailout
Jeep? Hell no.
The rest of Chrysler?
Couldn’t care less.
One close look at the details of the new Buick Envision will reveal that it is made in China—about 2% elsewhere. That fact is not in the Buick promotion and commercials of this newest Buick model.
Not sure what goes on in the dumba$$ heads of those execs. Jeep
is the only thing working for Chrysler right now and they want to sell
it off to the Chinese?
Ridiculous
“Not sure what goes on in the dumba$$ heads of those execs.”
Dollar signs, nothing but dollar signs.
Fiat and Jeep currently rank at the bottom of consumer satisfaction.
Heck, the Chinese could only improve on it.
Besides, why are Jeeps now pushing $50,000???
By the time I have my CJ5 and 7 roadworthy, I won’t have anywhere near that in them at least.
It feels like it sometimes.
And ditto with Mexico.
Because people are still willing to pay that much for them.
Hell No !
In trade talks where you cooperate and want their business, they demand you give up trade secrets,
and then they pirate the information and create look-alike copies,
and then throw you out of their country (now that they have your technology).
No. If need be, sell it to Chrysler’s former owners, Cerveris. We could use a new American car company anyway.
Jeep is all that is left of the old American Motors, which Chrysler bought out. Some AMERICANS should buy AMC. This is the sort of thing I should think would be right up Mittens’s alley.
The Chinese should be prohibited from buying any more American businesses, and their assets should be seized.
“$50,000???”
That’d be loaded Sahara or Rubicon.
2 door Sport models are close to half that.
But I love my loaded Sahara Unlimited ......
Leases and very long term financing, people are looking at the monthly payment and not the total cost.
Jeep has been owned by France (Renault), Germany (Daimler) and Italy (Fiat). There really is no “Big Three” any more. It is a barely a big two, with GM making the Buick Envision IN Red China.
“Fiat and Jeep currently rank at the bottom of consumer satisfaction.”
Satisfied AMC Jeep owner here.
Hyundi vehicles are made partially in N. Korea...
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