Guangzhou Auto Hammered Hard Over Islands Dispute, Japanese JVs
Published: January 25th, 2013
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Guangzhou Autos is reporting that 2012 profits are down as much as 80 percent, thanks to the dispute with Japan over a few islands in some godforsaken corner of the world.
The conflict over the Daiyou Islands, as they are known in China, led to social unrest and an anti-Japanese backlash. Bad news for GAC (as the company is known), since their joint-ventures are with Honda and Toyota. A small JV with Fiat didn’t do much to help the company’s financial health.
More by Derek Kreindler
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Looks like Abe might have the last word of wisdom from Dear Abby, he had dispatched his minion over to middle kingdom, as request for a mutual stopping of flying any fighter jets over the Island airspace. i take they do worry any of the pilot got trigger happy to fire the first shot and it can takes forever to stop! so is like the first of 12 steps one need to recognize the issue first. the minion also carry a Dear John letter from Dear Abe, probably something he cannot repeat in public as how they shouldn't kid each others' wishful thinking as re-arranging the deck chairs on the costa concordia. seemingly nippon has more to lose than middle kingdom, while she is mired in sea of red ink, economy is firing sputterly how much worse is he thinking of going to endure? take china in the spring may have been the direction he used 80 yrs ago when middle kingdom was getting a buzz on laetrile. but since then MK had been fattening up by chewing the same powerful spinach poppeye had. MK is as ready as inspector callaghan shouting out " Make my day and I felt really looky today"