China’s largest Auto Parts manufacturer, the Wanxiang Group, will likely acquire parts of the underperforming parts business of Ford Motor Co., the world’s second-largest automaker. Yesterday, there was a message that the two parties are currently negotiating on the acquisition, and the acquisition of Ford parts will help Wanxiang further expand its business in the United States and even globally.
In order to reverse the current loss situation, Ford has started to sell part of its parts and components business. According to sources, Lu Guanqiu, founder and chairman of Wanxiang, said that Ford’s assets are of good quality, with Ford’s
The negotiations are part of the expansion of the company's global business. In response to this news, relevant persons of the Wanxiang Group Propaganda Department said in an interview with this reporter yesterday that it was inconvenient to disclose in detail, but he stated that as an international company, Wanxiang currently has negotiation projects in Europe, America, South Korea and Japan. Projects that are beneficial to the development of the company are likely to participate.
Ever since, Wanxiang has actively explored overseas markets and has been looking for opportunities to cooperate with major auto parts manufacturers, and is interested in acquiring relevant assets of US first- and second-tier auto parts manufacturers. Previously, Wanxiang had entered into preliminary negotiations with Delphi, a well-known auto parts manufacturer, but it has not yet had a substantive result. Delphi was once a component manufacturer of General Motors, the world’s number one automaker, and is currently in bankruptcy protection.
Analysts believe that through the acquisition of Ford, Wanxiang will be able to obtain parts and accessories for the world’s second-largest auto giant Ford Motor Co. and other automakers as well as the aftermarket. At the same time, Ford’s advanced component design and production technology will also be available.
It is reported that auto parts have become a sunset industry in the United States due to the same problems as raw materials, labor costs, and equipment aging. In terms of reducing costs, Wanxiang Group, which has grown up in China's emerging market, has its own advantages. However, the industry is concerned that the deal may cause opposition from U.S. trade unions and that trade unions may be worried that the Wanxiang acquisition will result in significant layoffs and transfer of production to China.
At present, Wanxiang has successively established, acquired, and acquired 18 companies in 7 countries including the US, UK, Germany, and Canada, and has established an international marketing network covering more than 50 countries and regions. Universal products have become ancillary products of the world's automotive giant US General Motors, directly or indirectly become Ford, Chrysler, Volkswagen and other parts suppliers.
Ford high-level renewable changes
Ford Motor Company announced on the 7th that the company’s executive vice president and president of international operations Mark Schulz will retire early next year. This is the latest change in Ford's top management.
According to Reuters, Schulz is 54 years old and has over 30 years of service at Ford. He is currently responsible for the company's business in Europe, Africa and Asia Pacific. Ford Motor Company did not announce the replacement of Schulz.
According to the report, Ford announced that Shultz is about to retire just as Alan Mulally, who had just started to fully perform the company’s chief executive, said that the structure of Ford’s operations needs to be restructured so that it can be used in product development and procurement. The design is more global, and he also criticized Ford's regional operating structure as a barrier to effective competition between the company and rivals such as Toyota. However, Mulally gave him a high rating when he announced Schulz’s retirement.
In recent years, due to the sharp decline in the performance of Ford, the company launched a restructuring plan, and its high-level changes continue. In September, the company’s chief operating officer and former production director resigned; in November, Ford’s Volvo chairman announced that he would retire at the end of this year.
Injection molding is a molding method that combines injection and molding. The advantages of injection molding method are fast production speed, high efficiency, operation can be automated, variety of colors, shapes can be from simple to complex, size can be from large to small, and the size of the product is accurate, and the product is easy to update. And injection molding is suitable for mass production and complex shape products, such as the field of molding processing.
At a certain temperature, through the screw stirring completely molten plastic material, with high pressure into the mold cavity, after cooling and curing, to get the method of molding products. This method is suitable for mass production of parts with complex shapes and is one of the important processing methods.
Silicone Injection Molding,Plastic Molding,Metal Injection Molding,Injection Parts
Sung Precision Mould & Plastic Co., Ltd. , https://www.injectionmoldingfactory.com