Delphi has been very passive recently, and the company that has filed for bankruptcy protection is being chased by four Chinese companies. Whether the arrogant American auto industry is willing or not, accepting the selection of Chinese companies is an unavoidable reality.
Jia Xinguang advised US companies to "accept reality"
Delphi, the largest auto parts manufacturer in the United States, has been very passive recently. The bankruptcy-protecting company is being chased by four Chinese companies. Jia Xinguang, a well-known auto industry analyst in China, pointed out that whether the arrogant American auto industry is willing or not, accepting the selection of Chinese companies is an unavoidable reality.
Group to the United States to "carve up" Delphi
A "big show for group purchases in the United States" is being staged at the end of 2006. In this acquisition of the "big show", the silent Chinese component companies are causing great concern in the American automobile industry.
The goal of China's spare parts business is Delphi, one of the world’s top 500 companies, and parts and components business of Ford Motor, the world’s second-largest automaker.
Wei Xuguang, head of Weichai Powers, clearly stated that it is interested in Delphi Assets. Dongfeng, a vehicle manufacturer, also announced that it will join the Minth Group, a joint-partner manufacturer, in “diving†Delphi. The Wanxiang Group, which first proposed the acquisition of Delphi, waited for the news and pointed to the Ford parts business, which was also in bankruptcy protection.
On October 8th last year, Delphi, who was formerly General Manager, applied for the bankruptcy protection of North American assets. From that moment onwards, Delphi became the target of China's parts companies and suddenly rose at the end of the year.
Four Chinese companies that are not well-known in the world have to buy a Fortune 500 company, which makes the American automobile industry quite lost. Jia Xinguang pointed out that it was the face problem that caused Wanxiang Group to lose contact with Delphi for the first time one year ago. Jia Xinguang bluntly stated that Americans must accept this reality because more and more American "assets" will be bought by the Chinese people in the future.
It is time to acquire
"It is now a good time to acquire American auto companies," Jia Xinguang said. In the past 20 years, the scale of the US auto market has been stagnant. This year, giants including General Motors and Ford have been too busy selling their non-core assets.
For Delphi's four domestic companies, the deeper meaning of Delphi's acquisition is that it has obtained global vehicle support business relationships at the same time. Delphi is currently only plunged into a cash crunch, and its list of customers, including GM, Ford and other global auto makers, is still intact, and this is the real core value.
However, Jia Xinguang reminded that this victory in the acquisition has not yet brought about a fundamental change in the overall situation of domestic parts and components. “As the soft underbelly of the Chinese auto industry, the status quo of local parts and components is not as high as it should be, and the status quo is still short-term. Difficult to change." (
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