Liberty has never come from the government. Liberty has always come from the subjects of government. The history of liberty is the history of resistance. The history of liberty is a history of the limitation of governmental power, not the increase of it --Woodrow Wilson

Tuesday, March 21, 2006

Volvo and Nissan opens China

Just fascinated to see a Swedish company in such great condition, Volvo truck division (the part Ford didn't get) is buying 13% in Nissan Diesel.

I think this is interesting from two perspectives.
1. It increases Volvo on the important Chinese market
2. It shows that Japanese companies finally opened up for foreign owners.

Japan has been extremely shy to open up the market or sell their businesses to foreign interests, so will we see the Japanese economy grow more now? I believe it will, after a long slump it will pick up and perhaps increase more (China is on it's heels for the "second largest economy" in the world prize).

This deal makes Volvo the second largest truck manufacturer in the world.

Can this move be seen as a substantial shift in Japanese dogma? Will the country open up more for foreign investments? After the sale (privatization) of the worlds largest bank (Japan post) and the fact that Howard Stringer became the first non-Japanese CEO of a Japanese electronics and entertainment company when he was voted in by Sony.

Sincerely
Mr Silence Dogood

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