http://www.bizjournals.com/milwaukee/blog/2013/01/wanxiang-america-president-defends.htmlBut 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.reuters.com/article/2013/01/30/us-a123-wanxiang-approval-idUSBRE90S0JN20130130Among 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.
Wanxiang may have soothed the concerns of CFIUS members with its history of investing in the United States.
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.
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