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The Honda share is edging closer and closer to its 2009 carmageddon lows. And guess who knows a good bargain when they see one? The Chinese. The Nikkei [sub] reports that a “stealth” Chinese fund has emerged as a major shareholder in Honda.
The shadowy investment fund named OD05 Omnibus, which that Nikkei believes “to have ties to the Chinese government,” owned a 2.12 percent stake as of the end of September, and was Honda’s seventh largest stockholder. That fund is snapping up Japanese companies like a Shanghai nouveau riche on a Ginza shopping spree. The Nikkei sees OD05 Omnibus listed as a major shareholder in 123 Japanese firms at the end of March. It already owns 1.17 percent of Nissan.
19 Comments on “China’s Government Seventh Largest Stockholder Of Honda...”
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If shiite car builders like GM and Chrysler can come back with better products, so can Honda. Once Honda gets its mojo back, watch out suckas.
Honda sales have always been too abysmal in all other parts of the world except the USA. Honda has figured out a way to sell cars to Americans by the boatloads.
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That’s because Honda only builds decent cars. For instance, Honda Accord is the best selling midsize in China, beating Toyota, VW and GM. While GM handily beats Honda in subcompact with 1,000,000+ WuLings.
That’s because areas that GM dominates (North and South America and China) are hardly sophisticated markets.
NorthAm – Hicksville
SouthAm = banana republics
China – 30 year old VW lovers
Eldard – I would call Europe a sophisticated place and GM (and Ford) do somewhat better than Honda and Toyota. As for China I agree somewhat but they are still one of the largest markets for BMW, Audi, Mercedes, Lamborghini, Ferrari etc – hardly lacking in sophistication either.
PCH is right. You’re quite the apologist for Detroit. I’m talking about dominating, not doing quite better than the competition. Well, to stoop to your level Toyota is the market leader in Australia, which is as sophisticated as Europe.
Its generally believed that once the US moves its army base out of Japan, China and or N. Korea would turn the entire country into a sheet of glass. Maybe China is prepping for the day by taking over a few important companies while saving their tech and R&D expertise from being wiped out. Honda has done a lot of innovations in engine technology, would be shame to lose them.
China will deploy a bunch of Asimo robots to subjugate the Jap people. Utterly brilliant, I tell you!
While the commies have routinely threatened Japan, it would be foolhardy to smite the world’s third-largest economy and not expect the US/UK to respond mightily.
China’s purchase of Honda stock at a low point merely suggests they expect to make a profit when Honda rebounds – no conspiracy here.
US, yes. UK with their 500 nukes? lolz
Eldard – why the attitude about the UK? 500 nukes could do some serious damage and I believe the UK military has proven themselves across the world.
Not as damaging as nukes in the tens of thousands. Britain won’t survive in Iraq and Afghanistan without US presence.
Considering that China is Japan’s largest trading partner they’d lose a heck of a lot of money wiping Japan out. And the communists have never once threatened Japan…where the hell is that coming from? They booted the Japanese out of China during WWII but the only times the Chinese have tried to take over Japan was in the ancient times well before the communists ever existed. There’s the usual tensions but things are actually pretty tight between China and Japan these days with people going back and forth regularly for academic, political and economic reasons.
You are correct. I actually had North Korea in mind, but China is often philosophically in lockstep with them. Although I too have not heard much of China directly threatening Japan – too much to lose for them both.
The sudden acceleration scam perpetuated by the Americans made sure Japan has learned her lesson. We won’t kick out your bases anymore. Hai!
It wasn`t just UIA, there were plenty of “real” recalls – my Sienna was subjected to two of them. I also saw a recent report about 500,000 recalls in October for Toyota. So lets not go to one extreme or the other (everything they make is crap through to they do no wrong). There was some legitimate issues and some were shams.
I’m just talking about UIA, which was a scam to punish Japan, not other issues. For that there’s Ford, which has recalled around 3 million vehicles so far this year.
Hardly need to nuke them to take them over and subjugate them. Deprive them of their raw materials and they will eventually be begging for food support…
In this way, china would not need a long-term equity participation in any company for long term dominance, just a short-term smallish participation to keep access and look neighborly as it continues to build its ability to dominate.
This is the road that we find ourselves on if we continue to rely too heavily on China as a huge source of what we expatriate our wealth for…
I think we will see more of this and it is probably more widespread than we think.
China needs to recycle other country’s currencies to keep their currency weak.
The first priority would be to use these surplus currencies to purchase commodities. Then with the excess currency surplus buying non-Yuan company stock is probably getting more desireable than buying the debt of underwater countries.