- Aug 6, 2012
- 27,990
- 24,796
- 2,405
What some want for the West.
The only people worse than those who helped prop up China are those who actually believed the Communists wouldn't take as they please when they saw fit. We are all the suckers.
Go ahead and export your businesses to China. If I am a shareholder and they take over a plant, I should pursue a class action lawsuit against the CEO for risking MY cash in a communist country.
China wields coronavirus to nationalize American-owned carmaker
China enticed an American entrepreneur with the opportunity of helping build a cutting-edge automobile company in the world’s largest car market, then used the uncertainty cast by COVID-19 to steal his intellectual property, the businessman says.
Steve Saleen, founder of specialty high-performance sports car manufacturer Saleen Automotive, and his partner Charles Wang, a Chinese immigrant and former attorney at a New York law firm, were approached in late 2015 about forming a joint venture with the city of Rugao to manufacture automobiles.
The deal “offered, I thought, from my standpoint, a great opportunity to help build a global company,” Saleen told FOX Business.
The agreement that was reached called for Saleen to contribute his brand and trademarks, designs for three engineered vehicles and experience, know-how and technology in manufacturing automobiles, he said. Those contributions were valued at $800 million.
Wang, who helped structure the deal, would serve as the company’s chief executive officer.
The only people worse than those who helped prop up China are those who actually believed the Communists wouldn't take as they please when they saw fit. We are all the suckers.
Go ahead and export your businesses to China. If I am a shareholder and they take over a plant, I should pursue a class action lawsuit against the CEO for risking MY cash in a communist country.
China wields coronavirus to nationalize American-owned carmaker
China enticed an American entrepreneur with the opportunity of helping build a cutting-edge automobile company in the world’s largest car market, then used the uncertainty cast by COVID-19 to steal his intellectual property, the businessman says.
Steve Saleen, founder of specialty high-performance sports car manufacturer Saleen Automotive, and his partner Charles Wang, a Chinese immigrant and former attorney at a New York law firm, were approached in late 2015 about forming a joint venture with the city of Rugao to manufacture automobiles.
The deal “offered, I thought, from my standpoint, a great opportunity to help build a global company,” Saleen told FOX Business.
The agreement that was reached called for Saleen to contribute his brand and trademarks, designs for three engineered vehicles and experience, know-how and technology in manufacturing automobiles, he said. Those contributions were valued at $800 million.
Wang, who helped structure the deal, would serve as the company’s chief executive officer.
