Chinese Picking up the Pieces to Delphi

Chinese diesel engine maker Weichai Power Co. Ltd. is interested in buying assets of bankrupt U.S. auto parts maker Delphi Corp., Weichai's executive director said today.

"We are interested in Delphi's assets as their technologies are the best in the industry," Xu Xinyu told Reuters on the sidelines of a business forum. "We might have some cross-border acquisitions next year."

A deal would give Weichai a foothold in North America, a market many Chinese auto makers and parts suppliers have been eyeing.



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woood - 12/15/2006 3:25:40 AM

+1 Boost

This is good in the sense that it would save Delphi. But what about all the arguments about GM, Ford, Honda and DaimlerChrysler joining to gether to ban against buying parts from suppliers who underpay their workers? There's an article about this (antislave coalition) just days ago.