Grand Theft Automaker: Asshoe China entices American entrepreneur with "opportunity" to build cutting edge car factory (in China), then nationalizes the factory and steals his intellectual property
🐂 Bullshit 💩
Asshoe China = Nation of Thieves. Sanction and ban Asshoe China!
https://www.foxbusiness.com/markets/china-coronavirus-nationalize-america-owned-car-company
Don’t care, play stupid games win stupid prizes.
Piece of shit should have built his factory here (in a business friendly, non-cucked state). Fuck him.
He got what he deserved.
China has a name for those western businesses, they call them "Sparring Partners". What they mean by that is they let you run in China so they can steal your technology for their own domestic companies.
If you want a business in China you almost always need to partner with a local Chinese firm, then they steal your tech and then kick you out of the partnership.
They have been doing this for years, yet most people don't even know. Instead businesses in the west fall for the propaganda that if you want to make things then China is the place. Pure bullshit, China is the place if you want to lose all your IP and have everything stolen from you.
The honest truth
Investing in a socialist country is risky. Look how many company's assets have been seized by central & south american countries.
Saleen hasnt made anything interesting in 20 years.
Surprising no one.
Everyone's piling on this guy but it may also be true that the offer from the Chinese partner and the reality of a leading edge factory built from scratch was simply NOT OFFERED by any (FUCKING) United States investors.
I'm witnessing the same type of problem with Liquid Fluoride Thorium Reactor technology ... which could and should be a game-changing technology the United States uses for itself and offers to the world. And how this diligent inventor Kirk Sorensen and others have gone on for almost two decades of practically no (FUCKING) Wall Street backing.
I used to just roll my eyes when I saw obscene corporate valuations like Facebook. Now at the idiot-triggered twilight of nuclear energy I'm becoming sympathetic with the Occupy Wall St morons. "Burn it all (FUCKING) down" does not sound so outlandish any more.
Where is the smart money?
not in china. A third of their projects fail, tons of businesses are nonviable and only kept afloat because they provide jobs. Also the nuclear industry said nuke plant melt d9wns were once in a 1000 year incident....we are averaging one every decade. Also what nuke business does is build a plant, dont upkeep, then tell the government they need public funds for repairs.
Nobody backs Saleen cause hes a shady performance shop owner, who already sold his name business, and whos super cars are little more than high end kit cars on supercharged 302s.....he doesnt get backing because he sucks....this is the case for a lot of people who go to china to start businesses....theyve burnt bridges here.
What an IDIOT!