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Bubblesitter
ParticipantListen NtSD,
I’m not sure why you are so surprised.The Chinese have the cash and they need the brand names.
Other than Lenovo can anybody name a worldwide mainland Chinese brand?
Brand power is very valuable, otherwise they are just the low cost, thin margin manufacturer
I’m surprised there hasn’t been more Chinese acquisitions to date. More will surely follow. Key question is will the Chinese be able to maintain the brand.
The typical Hummer owner (or at least stereotypical) is a type A male with bit excess testosterone perhaps leaning conservative. He may have Rush Limbaugh set permananently on the radio. Will he buy a Chinese car? IMHO, a resounding NO. That is why Hummer will be out of business within 24 months (at least in US market). That is if the acquisition even goes through, it is not a done deal.
Tata is an Indian conglomerate very well known and respected, they are sorta the GE of India, but even more diversified. Interesting how the former British colony now owns iconic British brands Land Rover, Jaguar (they haven’t been British for a while, Ford owned them last few years.)
BMWs and Audis have production facilities in China now. You see black Audis all over China now, primarily for domestic China market, but they plan to export to the US market. In 2013 that shiny 3- 5 series BMW in your driveway may be Chinese made.
The Porsche and Volkswagon collaboration has gone back for years with various stages and levels of cross ownership.
Why the surprise NewtoSD? You should read some business news occasionally
Bubblesitter
ParticipantListen NtSD,
I’m not sure why you are so surprised.The Chinese have the cash and they need the brand names.
Other than Lenovo can anybody name a worldwide mainland Chinese brand?
Brand power is very valuable, otherwise they are just the low cost, thin margin manufacturer
I’m surprised there hasn’t been more Chinese acquisitions to date. More will surely follow. Key question is will the Chinese be able to maintain the brand.
The typical Hummer owner (or at least stereotypical) is a type A male with bit excess testosterone perhaps leaning conservative. He may have Rush Limbaugh set permananently on the radio. Will he buy a Chinese car? IMHO, a resounding NO. That is why Hummer will be out of business within 24 months (at least in US market). That is if the acquisition even goes through, it is not a done deal.
Tata is an Indian conglomerate very well known and respected, they are sorta the GE of India, but even more diversified. Interesting how the former British colony now owns iconic British brands Land Rover, Jaguar (they haven’t been British for a while, Ford owned them last few years.)
BMWs and Audis have production facilities in China now. You see black Audis all over China now, primarily for domestic China market, but they plan to export to the US market. In 2013 that shiny 3- 5 series BMW in your driveway may be Chinese made.
The Porsche and Volkswagon collaboration has gone back for years with various stages and levels of cross ownership.
Why the surprise NewtoSD? You should read some business news occasionally
Bubblesitter
ParticipantListen NtSD,
I’m not sure why you are so surprised.The Chinese have the cash and they need the brand names.
Other than Lenovo can anybody name a worldwide mainland Chinese brand?
Brand power is very valuable, otherwise they are just the low cost, thin margin manufacturer
I’m surprised there hasn’t been more Chinese acquisitions to date. More will surely follow. Key question is will the Chinese be able to maintain the brand.
The typical Hummer owner (or at least stereotypical) is a type A male with bit excess testosterone perhaps leaning conservative. He may have Rush Limbaugh set permananently on the radio. Will he buy a Chinese car? IMHO, a resounding NO. That is why Hummer will be out of business within 24 months (at least in US market). That is if the acquisition even goes through, it is not a done deal.
Tata is an Indian conglomerate very well known and respected, they are sorta the GE of India, but even more diversified. Interesting how the former British colony now owns iconic British brands Land Rover, Jaguar (they haven’t been British for a while, Ford owned them last few years.)
BMWs and Audis have production facilities in China now. You see black Audis all over China now, primarily for domestic China market, but they plan to export to the US market. In 2013 that shiny 3- 5 series BMW in your driveway may be Chinese made.
The Porsche and Volkswagon collaboration has gone back for years with various stages and levels of cross ownership.
Why the surprise NewtoSD? You should read some business news occasionally
Bubblesitter
ParticipantListen NtSD,
I’m not sure why you are so surprised.The Chinese have the cash and they need the brand names.
Other than Lenovo can anybody name a worldwide mainland Chinese brand?
Brand power is very valuable, otherwise they are just the low cost, thin margin manufacturer
I’m surprised there hasn’t been more Chinese acquisitions to date. More will surely follow. Key question is will the Chinese be able to maintain the brand.
The typical Hummer owner (or at least stereotypical) is a type A male with bit excess testosterone perhaps leaning conservative. He may have Rush Limbaugh set permananently on the radio. Will he buy a Chinese car? IMHO, a resounding NO. That is why Hummer will be out of business within 24 months (at least in US market). That is if the acquisition even goes through, it is not a done deal.
Tata is an Indian conglomerate very well known and respected, they are sorta the GE of India, but even more diversified. Interesting how the former British colony now owns iconic British brands Land Rover, Jaguar (they haven’t been British for a while, Ford owned them last few years.)
BMWs and Audis have production facilities in China now. You see black Audis all over China now, primarily for domestic China market, but they plan to export to the US market. In 2013 that shiny 3- 5 series BMW in your driveway may be Chinese made.
The Porsche and Volkswagon collaboration has gone back for years with various stages and levels of cross ownership.
Why the surprise NewtoSD? You should read some business news occasionally
Bubblesitter
ParticipantI travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home
In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.
IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.
My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.
By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.
Bubblesitter
ParticipantI travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home
In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.
IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.
My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.
By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.
Bubblesitter
ParticipantI travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home
In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.
IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.
My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.
By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.
Bubblesitter
ParticipantI travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home
In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.
IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.
My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.
By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.
Bubblesitter
ParticipantI travel to China pretty regularly. A few years back and at end of trip had about 1000 yuan (perhaps $140) left over that couldn’t spend. I brought it home
In couple years sitting in my sock drawer,it has appreciated 20% vs Dollar. China shifted from pure dollar peg to pegging the Yuan to a basket of currencies.
IMHO the Dollar will continue to depreciate. I might as well continue to hold on to the RMB cash. It will be interesting if the Chinese allow true floating currency. I doubt it. RMB is way undervalued, and Chinese govt knows that it will seriously crimp their export business.
My bet is still on gold (via ETFs and a mix of gold mining companies). Hedging against inflation also with other commodities.
By the way, have any of you seen the traffic jams in Beijing or Shanghai recently? Unheard of just a few years ago. China will also surpass US in car sales this year. There is a true car culture emerging in China. Oil and Oil services is one of my key investments that banks on this trend. BTW, the dollar is highly negatively correlated to oil prices.
Bubblesitter
ParticipantGM to file bankruptcy on Monday.
Sad day, but probably good thing going into bankruptcy.
Unfortunately we are all now larger owners via the government’s majority equity stake. The whisper is that the govt will pump $30B more into the company.
Bubblesitter
ParticipantGM to file bankruptcy on Monday.
Sad day, but probably good thing going into bankruptcy.
Unfortunately we are all now larger owners via the government’s majority equity stake. The whisper is that the govt will pump $30B more into the company.
Bubblesitter
ParticipantGM to file bankruptcy on Monday.
Sad day, but probably good thing going into bankruptcy.
Unfortunately we are all now larger owners via the government’s majority equity stake. The whisper is that the govt will pump $30B more into the company.
Bubblesitter
ParticipantGM to file bankruptcy on Monday.
Sad day, but probably good thing going into bankruptcy.
Unfortunately we are all now larger owners via the government’s majority equity stake. The whisper is that the govt will pump $30B more into the company.
Bubblesitter
ParticipantGM to file bankruptcy on Monday.
Sad day, but probably good thing going into bankruptcy.
Unfortunately we are all now larger owners via the government’s majority equity stake. The whisper is that the govt will pump $30B more into the company.
Bubblesitter
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