Wednesday, December 23, 2009

To state the obvious

There is a industry publication (I like that word because it can mean anything.....as a part-time "blogger", I guess I could read anything that stimulates my brain and call it industry publications. My sister even uses that term because she works for Nordstroms and looks at US Weekly and other magazines to see what is current in fashion. She feels reading celebrity gossip websites is also part of her job to stay on top of current accessory trends. Funny.) called Automotive News. It is a pretty big publication and gives breaking news about other manufacturers. It's usually pretty informative and lets you know what the other guy is doing.

However, on today's website, the main, top headline was "Ford, Geely deal on Volvo points to growing clout of Chinese industry." Uhhhhh......ummmmmm.......is that a news flash??? Are you kidding me? I think anyone who reads automobile news and stuff like that could put those dots together. Let's see.....Hummer gets bought by a small Chinese company that has never made cars. Ford is talking with Geely to buy Volvo. Beijing Automotive buys Saab technology for $200 million which got them 3 platforms and 2 engines. The only thing left for the Chinese to buy is Saturn but I think they smartly passed on that.

AND, I don't think it's only cars the Chinese are investing in when it comes to the US. It's just a basic fact of life now....we are a global economy and China is a newest and biggest player.

yy

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