Volvo sold to Chinese car maker.

AdrianHi

DKLS wrote: »

Wonder what effect that will have on Volvo residuals?

Recently you were able to buy a £33K list price XC90 D5 for about £22K at most Volvo dealers. That'll trash the residuals for sure!

Given the money (which they have) and time China is perfectly capable of advancing themselves to match the west in matters of science etc.

http://en.wikipedia.org/wiki/List_of_Chinese_inventions

movilogo

For anyone wants to buy Volvo, how does it matter whether the brand is owned by Chinese/Indian/British/Japanese etc?

Will you stop eating food which are not produced in UK?

Volvo didn't make any profit since 2005. They might have gone bankrupt. It is good that they were sold. Hope the new owner will make it a profitable business again.

ariba10

Pew_Pew_Pew_Lasers! wrote: »

Give what time? Do tell, what magnificent inventions are the Chinese coming up with that didn't originate in the west, or Japan?

Prior to the second world war Japanese goods were pure rubbish.

Made in Japan was a laugh.

It did not take long for that to alter.

neilmcl

ariba10 wrote: »

Prior to the second world war Japanese goods were pure rubbish.

Made in Japan was a laugh.

It did not take long for that to alter.

And what exactly did Japan export prior to 1940 that was so rubbish?

ariba10

Toys mainly as I remember.

goldspanners

Pew_Pew_Pew_Lasers! wrote: »

Wide open to what? China needs the western world to survive. Without us as its customers, it's finished.

It isn't as though they manufacture products we can't make ourselves. They just do it cheaply.

we can't afford to make the same products as them because they make them so cheap so we become totally dependant on china.

mikey72

Think we'll ever move our call centres to china?

AdrianHi

mikey72 wrote: »

Think we'll ever move our call centres to china?

Doubt it somehow.

There is flow in the other direction. I've seen concrete evidence that Chinese businesses and government organisations are giving IT work to UK and especially London based IT consultancies because we have the skill base in the UK to do it.

On top of the average wage issue the UK doesn't have a lot of land, we need to be in businesses that generate high income per acre. Manufactuiring plastic toys, TV's, tools, sheet metal doesn't really fit that profile.

mustrum_ridcully

Pew_Pew_Pew_Lasers! wrote: »

Wide open to what? China needs the western world to survive. Without us as its customers, it's finished.

It isn't as though they manufacture products we can't make ourselves. They just do it cheaply.

I'm sure I heard something similar to that before... now what was the country... began with a J I think...

Ah yes that's it Japan! Cheap Jap C--- as people used to say.

Similar story with Korean, but now the worlds two biggest manufacturers of LCD panels are Korean.

I'm pretty sure the Chinese have watched the Koreans and Japanese and learnt from their mistakes, particularly in the automotive sector. One of the biggest weakness of their car companies was (and still is for the Koreans) design, they weren't designing cars Europeans found attractive. The Chinese are avoiding that problem and the need to build a brand name by buying-up car companies (first MG Rover and now Volvo)..

Pew_Pew_Pew_Lasers!

To whom do you think Japan sells its products?