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...
No comments:
Post a Comment