On November 2nd, 2009, Jingxi Heavy Industry officially acquired Delphi's two businesses—damping and braking. The two companies formally signed a contract in Detroit, the US automobile city. Regarding this incident, the media generally believed that it marked the current China. The largest overseas merger and acquisition of auto parts was officially completed.
According to the acquisition plan announced by Jingxi Heavy Industry on April 1, the company will purchase Delphi's 13 chassis components production and processing bases and technology centers in the United States, Poland, France, Britain, Mexico, and China, and continue to serve them. Global car manufacturers such as BMW, Audi, Ferrari and General Motors.
In an interview with the reporter, Jingxi Heavy Industry said that due to the need for bankruptcy and reorganization, Delphi plans to withdraw from its traditional business, in which the brake and vibration damping business is packaged and sold. The acquisition of the above two types of business will bring a lot of benefits to the just-established BWI. First of all, the group of customers who can quickly enter Jingxi Heavy Industries into Delphi, including Mercedes-Benz, BMW, General Motors and other well-known automobile manufacturers. Second, BWI can rely on Delphi's world-leading technology and production experience in braking and suspension systems. Third, through the merger of global companies, BWI can build credibility in the international automotive industry.
In the face of the financial crisis, overseas mergers and acquisitions are divided, but the most important issue they have reflected is the actual benefits of acquisitions.
China National Heavy Duty Truck Chairman Ma Chunji said "We want Mann's core technology" in a single phrase. Ma Chun-chi points out that "in the past we Chinese and foreigners cooperated with big companies abroad, and the real core technologies were not obtained. This is One of the big problems we have to cooperate with, and all the projects we collaborate with are 50-50 equity, and the brand is also foreign. We are not this time. We are not simply introducing foreign capital, but the core technology. I say, we This time it is truly able to achieve innovation, integration and innovation, as well as introduction, digestion, absorption and innovation. This is truly a digestion and absorption and re-innovation with autonomy.â€
Looking at the ever-changing world auto manufacturing industry since the outbreak of the financial crisis, the rise of China's auto parts and components companies is increasingly attracting the attention of the world. The pattern of the traditional auto industry powers is also quietly changing. After several months of delay, General Motors did not sell Opel, and the strategic expansion of Magna, the world's component giant, was affected. In contrast, BWI's acquisition of Delphi's shock absorption and braking business will inevitably increase the power of Chinese parts and components companies in the world. In fact, the growth of China's spare parts companies has changed the pattern of the world's automobile manufacturing industry: North American Service Center of Changchun Automobile Parts Export Base is listed in Detroit, and BYD will acquire the American aluminum parts business.
It can thus be seen that overseas mergers and acquisitions by Chinese companies have taken a stand at the level of independent innovation and the development of national industries. The world auto manufacturing industry will also be affected.
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