Chinese manufacturers increase acquisition of US auto parts suppliers

Andrew Toson, a partner at Warner-Nokros-Jade, a local law firm in Detroit, said: “We have received a lot of inquiries from China and we are looking for suppliers of auto parts that may be offered for sale locally.”

Sichuan Tengzhong Heavy Industry tried to buy GM’s Hummer brand for $160 million last year. Last month, SAIC spent 500 million U.S. dollars to purchase 1% shares of General Motors. These two examples are the most publicly traded transactions between automakers in China and the United States. In fact, the content of the transactions between automakers in China and the United States is far more than just the Chinese buying the shares of the American automakers.

At present, China's auto makers have begun to buy American auto parts manufacturers, especially in the United States, Detroit Motor City. As early as 2007, a low-key Chinese consortium spent US$100 million to acquire the brake and transmission business of Detroit component manufacturer Delphi (DELPHI), which was bankrupt.

Andrew Tosen, a partner at Warner-Nokros-Jade, a local law firm in Detroit, said: “We have received a lot of enquiries from China. The other party is looking for a supplier of auto parts that may be offered for sale locally.” He added In many cases, China is interested in troubled companies or small component manufacturers, with annual operating revenues of between 3 million and 10 million US dollars.

Recently, Pacific Century Motors from Beijing acquired GM at an estimated $450 million to turn its subsidiary to NEXTEER. As the US is expected to weaken in the auto market next year, and China's auto market is growing rapidly, it is expected that the number and volume of auto dealers in China and the United States will increase.

Induction Light

Induction lamp is made of imported technology MCU circuit design, active infrared working mode, has the characteristics of good stability, strong anti-interference, with infrared decoding mode, widely used in commercial and industrial occasions with higher requirements.Is a new generation of green energy-saving lighting lamps and lanterns.

Suitable for all kinds of ring inductance coils, transformers, day type transformers, inductance coils, relay coils

SUZHOU DEGU MACHINERY CO.,LTD , https://www.deguwindingmachine.com