China Looking to Develop Auto Industry Through Foreign Purchase

February 17, 2006 – Rather than developing their own sophisticated manufacturing technology, Communist China is looking to buy a Brazilian car engine plant from DaimlerChrysler and BMW in order to advance their car manufacturing capacity.

China plans to buy the engine plant, take it apart piece by piece and then transport it back to China where they would put it back together. If Communist China’s bid were successful, they would surpass much of their competition and potentially be able to compete with the United States, Japan and Germany in the car market.

Chinese automakers’ inability to develop their own sophisticated car engines has left them far behind countries such as the U.S. and Japan in producing quality automobiles.

Read “China Seeking Auto Industry, Piece by Piece” from the New York Times.