At present, China's auto makers have begun to buy American auto parts manufacturers, especially in the United States, Detroit Motor City. As early as 2007, a low-key Chinese consortium spent US$100 million to acquire the brake and transmission business of Detroit component manufacturer Delphi (DELPHI), which was bankrupt.
Andrew Tosen, a partner at Warner-Nokros-Jade, a local law firm in Detroit, said: “We have received a lot of inquiries from China. The other side is looking for suppliers of auto parts that may be offered for sale locally.†He added In many cases, China is interested in troubled companies or small component manufacturers with annual operating revenue of between 3 million and 10 million US dollars.
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