Saturday, February 23, 2013

Chinese Bid for Fisker Automotive

Following reports that China's Zhejiang Geely Holding Group is leading the pack of companies bidding for a majority stake in US government-backed Fisker Automotive and that Fisker is also weighing a bid from another Chinese auto maker have created once again a lot of controversy in the US. Please, see the following article:
http://www.foxnews.com/politics/2013/02/21/senators-raise-alarm-over-another-possible-sale-taxpayer-backed-firm-to-chinese/
But, even if difficult for the US to accept, the fact is that Chinese companies have the cash we are very often lacking today in the Western world.

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