The Chinese auto industry took another step forward as Zhengzhou Coal Mining Machinery Group (ZMJ) purchased Bosch’s starter and motor generator division — a group which is bound to rise in importance as belt-starter-generator “mild-hybrid” systems become more popular.
Chinese groups have already purchased other suppliers as well as Volvo’s and Saab’s complete automobile businesses; with a large injection of cash and an extra plant in China, Volvo has been making a global comeback.
China has been thriving financially, as Western companies in every industry have moved production, service, and engineering to the nominally communist country’s designated capitalist areas. Even though wages in the country have gone up, a massive effort to build infrastructure and higher education have brought about other competitive advantages, including a wealth of production and development engineers.
David Zatz has been writing about cars and trucks since the early 1990s, including books on the Dodge Viper, classic Jeeps, and Chrysler minivans. He also writes on organizational development and business at toolpack.com and covers Mac statistics software at macstats.org. David has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today.
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