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I know that HN is living in a bubble but you realize that there are more industries besides tech and FAANG? Car manufacturers and their thousands of suppliers f
by foepys 6y ago
I know that HN is living in a bubble but you realize that there are more industries besides tech and FAANG? Car manufacturers and their thousands of suppliers for example.
Wikipedia says regarding Volkswagen in China:
> In 1984, Volkswagen signed a 25-year contract to make passenger cars in Shanghai. Since, at that time, vehicle manufacturers could not own a majority stake in a manufacturing plant, Volkswagen's venture took the limit of 50 per cent foreign ownership.
I'm glad that someone else answered my comment sincerely instead of making a snarky comment that turns out to be wrong.
- belltaco 6y ago> Car manufacturers and their thousands of suppliers for example. How come people are not aware of this? Did Tesla have to give up controlling ownership to set up a plant in China? https://europe.autonews.com/article/20180417/COPY/304179943/china-to-scrap-foreign-ownership-caps-on-automakers-by-2022 https://europe.autonews.com/article/20180417/COPY/304179943/...