Replies to post #10712 on CurAegis Technologies Inc (fka CRGS)

[Leitrim]

Interesting Read..
and the political obstacles would be huge no doubt..but per the article and with respects to the quote:
""It would be a risky move for any bidder, given the difficulties to turn Chrysler around," ....Yes it sure would..but what a platform with which to launch the FTV, IVT & ISO Torque technology into the USA and world markets and not only be accepted but praised for the green tech, better safety, performance, and roll out a revolutionary new vehicle concept (FTV) with a Chrysler hood ornament on it..Good old Fashion American Ingenuity, bought and paid for by The Chinese Government...man this is potentially getting wierd..or is it just me...??? They have money, Chrysler doesn;t..Chrysler has dealer network - they don't etc etc...
Leitrim

[Lhasa]

Re: SAIC acquisitions

In 2004 SAIC bought the rights to the Rover 25, Rover 75 and the associated K Series engines for £67 (127 dollars) in anticipation of a joint venture with MG Rover. In 2005 SAIC pulled out of the joint venture and MG Rover went bust.

Now the entire assembly line from the Longbridge, Birmingham (England) factory has been disassembled, shipped to China, reassembled and set to work. Many of the British workers from the Longbridge factory have also gone to live in China and are back working on their old assembly line.

In a recent radio program about all this the Chinese bosses said that they valued the brand and when asked why they weren't developing their own new Chinese brands they said that the Chinese auto industry was now where the Japanese auto industry was 40 years ago.

When they had established themselves with other country's brands they expected that they would be able to go on and develop their own brands.

Cars are still made in Britain but by "foreign" owned companies. I fear that the same thing could happen in the USA, so who do you really want to sell Torvec to?

Lhasa