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Discussion Starter · #1 ·
But Ni told Crain’s that his business doesn’t ship jobs or dollars back to China, and “what is made here stays here,” according to the Jan. 14 article in Crain’s.
http://www.bizjournals.com/milwaukee/blog/2013/01/wanxiang-america-president-defends.html

Among the lawmakers who remained opposed to the sale were two senators who questioned the government's funding of the battery company even before its bankruptcy.
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Wanxiang may have soothed the concerns of CFIUS members with its history of investing in the United States.
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The company generates about $1 billion in U.S. revenue by supplying parts to GM and Ford Motor Co (F.N). It has bought or invested in more than 20 U.S. companies, many of which were in bankruptcy, according to a congressional report.
http://www.reuters.com/article/2013/01/30/us-a123-wanxiang-approval-idUSBRE90S0JN20130130




Romney, Limbaugh, and Rove Prepare For The Final Electric Vehicle Beatdown
 

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This news should make the "let the free market decide" forces happy.

"Ni told Crain’s that profits from Wanxiang’s American operations are reinvested in America. The Chinese native, the son-in-law of Wanxiang Group’s founder and CEO, has three children with his wife, and all are U.S. citizens, Crain’s reported."

I expect GM (Chevy Spark), BMW (hybrid 3 and 5 series), Tata Motors and Fisker will be happy to move forward now that this is settled.
 

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Discussion Starter · #3 ·
This news should make the "let the free market decide" forces happy.
One of the travesties of American electoral politics that a small group of corpulent, masked men could stand in the way of good policy.
 
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