Monday, July 25, 2022

 

Welcome to the United States of China
- or – What happens when you're not looking...

General Electric Appliances -
Sold back in 2016, to the Haier Group, of China. This was okay by Mitch McConnell and his wife, as the huge Louisville, KY plant was retained.

Waldorf-Astoria Hotel -
Sold in 2015 to the Anbang Insurance Group (now, in 2022, under Government ownership).
The new owners hired Hilton to manage the hotel, while they develop plans to turn the
property in condominiums for rich people.

Motorola Mobile Phones (MOTO) -
Motorola sold off their mobile phone business in 2014, to the Chinese computer giant:
Lenovo.

Volvo -
When Ford couldn't handle their acquisitions, Volvo ended up with the Chinese auto company, Geely Holding Group, back in 2010. Geely is the largest stockholder of Mercedes.

AMC Theaters -
Your favorite purveyor of overpriced popcorn, AMC sold its largest stake to the Chinese company, WANDA Group, back in 2012. This multinational media giant is owned by the
Wang family from northeast China.

Hoover Vacuum Cleaners -
The over-100-year-old icon was sold in 2007 to the TTI Group, of Hong Kong. Hoover joined 
a lineup of other TTI Group brands which include: Milwaukee Electric, Ryobi, Homelite,

Oreck Vacuums, and Dirt Devil.

Smithfield Farms -
USA's largest pork producer was sold to China in 2019. We raise the hogs, then ship them to China where they are slaughtered and packaged, and shipped back to us, free from FDA
regulations and requirements. Brands are:
Morrell, Eckrich, Cudahy, Cook's Hams, etc...