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Chinese Midea makes $5B bid for KUKA
- tiplus 10y agoKuka makes great industrial robots. They are pretty much the goto guys for car manufacturing robots from VW, BMW to Tesla. I do see how Midea would benefit from this deal as there are no competitive chinese robot makers, yet. However, in the long run Kuka's company culture and roots in Augsburg, Germany will not survive this deal (my impression). They are a 'small' specialized company in the huge industrial manufacturing market, a deal like this had to happen at some point.
- tiatia 10y agoYeah, the Chinese will need KUKA. After Trump becomes president, he will give China 3 years to reach a balanced trade with the US. Huge part of the production will move back to the US. Unfortunately, only a small part of the jobs will come back. Maybe 1 or 2 out of 10. Most stuff will be done by robots. Maybe it will be US based Chinese companies, but it will be US based. And regarding to Midea: An Australian engineer that consulted for them told me, why he would never buy a Midea washing machine. "I would be scared my house burns down". Buyers beware! So say hello to US based manufacturing and say goodbye to the 'Chinese century". http://davidstockmanscontracorner.com/chinas-debt-bomb-no-one-really-knows-the-payload/ http://davidstockmanscontracorner.com/chinas-debt-bomb-no-on...