Chrysler to build Jeeps in China

[i'va biggen]

Originally Posted by Chica Chaser

ANY manufacturing company/plant in China always has the Chinese government as a partial owner, that includes all foreign companies with manufacturing in country. Socialism at it finest. They are still very much a communist government.

Chrysler Jeep is still mostly owned by Fiat.right?

[CJ7]

Originally Posted by i'va biggen

Chrysler Jeep is still mostly owned by Fiat.right?

correct

and I know exactly where youre going with this ... I almost made the same point

[Chica Chaser]

Originally Posted by i'va biggen

Chrysler Jeep is still mostly owned by Fiat.right?

Originally Posted by CJ7

correct

and I know exactly where youre going with this ... I almost made the same point

Indeed it is. Well mostly, I believe the UAW has 20ish% ownership and both the US and Canadian governments have a small stake.

[WTF]

I think the point is that COG was not proven correct. Chrysler Jeep was not shutting down plants and moving them to China like Romney said and COG believed. That was a lie.

Chrysler Jeep is opening a plant(s) in China to sell cars in that market. A big big difference than saying they are shutting down their plants here in the USofA and moving those jobs to China.

COGoober will probably not understand that distinction and still ask for his Magic Grits!

[CJ7]

Originally Posted by Chica Chaser

Indeed it is. Well mostly, I believe the UAW has 20ish% ownership and both the US and Canadian governments have a small stake.

Canada was completely bought out ... Fiat owns about 53%

[chefnerd]

Actually according to their latest 10-Q filing, Fiat owns just over 58% with the balance held by the United Auto Workers’ Retiree Medical Benefits Trust, or the VEBA Trust.

[chefnerd]

Originally Posted by Chica Chaser

Wow, you aren't quite the brightest bulb in the chandelier are you Randy? Or your foresight is lacking.

http://usgovinfo.about.com/od/moneym...-China-Own.htm


Many of the foreign holders of U.S. debt are investing more in their own economies. Over time, diminished demand for U.S. Treasuries could increase interest rates, thus slowing the economy. Furthermore, anticipation of this lower demand puts downward pressure on the dollar. That's because dollars, and dollar-denominated Treasury Securities, may become less desirable, so their value declines. As the dollar declines, foreign holders get paid back in currency that is worth less, which further decreases demand.

Actually, your info is more than a year outdated. China dropped below that figure, albeit slightly, back in Dec. 2011. As of Nov. 2012 they held 1.17 Trillion with Japan coming close behind at 1.132 Trillion.
I find it somewhat interesting that nobody ever mentions how much of our debt Japan owns.

http://www.treasury.gov/resource-cen...uments/mfh.txt

[cptjohnstone]

Originally Posted by Chica Chaser

Wow, you aren't quite the brightest bulb in the chandelier are you Randy? Or your foresight is lacking.

http://usgovinfo.about.com/od/moneym...-China-Own.htm


Many of the foreign holders of U.S. debt are investing more in their own economies. Over time, diminished demand for U.S. Treasuries could increase interest rates, thus slowing the economy. Furthermore, anticipation of this lower demand puts downward pressure on the dollar. That's because dollars, and dollar-denominated Treasury Securities, may become less desirable, so their value declines. As the dollar declines, foreign holders get paid back in currency that is worth less, which further decreases demand.

that is why he got in at "stapleclip u"

[Chica Chaser]

Originally Posted by CJ7

Canada was completely bought out ... Fiat owns about 53%

Originally Posted by chefnerd

Actually according to their latest 10-Q filing, Fiat owns just over 58% with the balance held by the United Auto Workers’ Retiree Medical Benefits Trust, or the VEBA Trust.

That may well be true, there has been quite a bit of movement going on behind the scenes.