Chinese makes takeover bid of U.S. Military manufacturing equipment company


This story is almost unthinkable. Terex is a huge company. Over 20,000 employees world-wide. Maker of all kinds of heavy equipment. If you see a road or bridge being built, Terex equipment is probably there. But more importantly, military equipment. Slowly but surely we are selling out our manufacturing capability. We already are giving away our refineries. Try U.S. giving away ownership and control of our Energy and refineries. or Clintons and the give away of U.S. Uranium mines or Millions Flowed To Clinton Foundation In Exchange For Russian Control Over Large Portion Of U.S. Uranium. How much did the Chinese give to the Clinton Foundation to try a gain control of Terex? No doubt this was in the works for some time.

Throughout its maturation, GM’s Terex Division created some of the industry’s most notable heavy construction equipment, including the world’s first off-road hauler (1Z Trac-Truk), the world’s first twin-powered dozer (TC-12) and the world’s largest truck, the Terex 33-19 “Titan,” produced in the 1970s.

Rep. Duncan Hunter (R., Calif.) wrote to Treasury Secretary Jacob Lew urging for scrutiny over an unsolicited takeover bid from a Chinese company to manufacture U.S. military equipment.

“It has come to my attention that Terex Corporation, an American Company that manufactures heavy equipment, including cranes for the Army, Navy, and other government agencies, has received an unsolicited takeover bid from Zoomlion Heavy Industry, a Chinese Government Owned Company that is a longtime supplier of the People’s Liberation Army,” said Duncan.

“While it is my understanding that Terex and Zoomlion have yet to finalize the terms of a deal, the fact that a leading [People’s Liberation Army] supplier is seeking to purchase an American company that provides critical infrastructure equipment to a number of government agencies, including the Department of Defense and the Department of Homeland Security, demands that the agreement undergo through scrutiny if it does materialize,” he said. H/T:Free Beacon

 

14 Responses to “Chinese makes takeover bid of U.S. Military manufacturing equipment company”

  1. Always On Watch Says:

    National suicide by millimeters.

    Liked by 1 person

    • bunkerville Says:

      We are zipping along now aren’t we?

      Like

  2. My Article Read (2-19-2016) – My Daily Musing Says:

    […] Chinese makes takeover bid of U.S. Military manufacturing equipment company […]

    Liked by 1 person

  3. mcnorman Says:

    Great. I really hate the cheap crap that comes from China. I can only imagine how fantastic our military will work with them manufacturing product.

    Liked by 2 people

    • bunkerville Says:

      I know that next big ass crane will work swell. Next vehicle might just last to get around the next corner.

      Liked by 1 person

  4. Silverfiddle Says:

    This is the national suicide globalism engenders. Clinton gave China a big boost when his buddies at Loral handed over valuable guided missile technology to China back in the 90’s. It’s almost as if people in this country had a long-term plan to empower China and turn them into a global colossus at the expense of the United States.

    This is what drove me off the GOP-Rush Limbaugh reservation years ago. GOP and “conservatives” have carried water for global corporatists and crony crapitalists for decades now, calling it “free enterprise” “free trade” etc and spouting economic theory that makes sense in a vacuum, but we don’t live in a vacuum, and the middle class and working class is literally and figuratively dying before our eyes.

    Obama is systematically dismantling our institutions, global corporations are swarming over us like fire ants, and the GOP holds one more useless vote on repealing Obamacare.

    Meanwhile, NO GOP opposition to TPP, rampant unregulated immigration and galloping government takeover of every aspect of our lives.

    It’s Us versus Them, and the GOP is not Us.

    Liked by 2 people

    • bunkerville Says:

      Excellent points. In the name of Free Enterprise many felt they were required to spout the party line when in reality it was just more support for NWO. This is what the GOP gave us. We voted them in and they defied us. So time for a new party?

      Liked by 1 person

      • Silverfiddle Says:

        New Party? Here’s my riff off of General Patton:

        You don’t win elections starting a third party. You win elections by making the other dumb bastards go third party.

        Trump isn’t my candidate, but the GOP slums need to be torched, with Trump Towers, Trump Plaza, and working class neighborhoods constructed in their place.

        Liked by 1 person

      • the unit Says:

        I think I do get it Silverfiddle. Particularly the Patton part. Also when what was proposed to us, mainly establishment R’s, we didn’t go for North American Union too good twenty something years ago. So now move it all around and mingle it, and globally as well.
        Well, except for whites.

        Like

      • bunkerville Says:

        The Whig party? I don’t see a way through to throw the GOPs who are in power out.

        Like

  5. Mustang Says:

    A very large chunk of “General Motors” now operates almost exclusively in China, they are accompanied by another American company, General Electric. It’s what profit motivated companies do to satisfy share holders who do not give a damn about our national security as much as they do about their personal wealth. But this has been going on for a very long time. Here’s an example that will tickle you to death: since 1948, the American taxpayer has been sending extraordinary sums of money to Israel. In some cases, these payments take the form of agricultural subsidies; in other cases, military equipment, such as the F-16. A few years ago, we learned that Israel sold one of our F-16s to China, who promptly reverse engineered the aircraft to develop their own high performance airframe. Add to the F-16 the nearly totally US funded fighter-bomber Israel called Lavi … also now in Chinese hands.

    According to this source, “Former CIA director R. James Woolsey informed the U.S. Senate in late 1993 that he was “alarmed” by the military partnership between Tel Aviv and Beijing, and officially accused Israel of “illegally supplying China with classified defense technology from sources in the West.”

    Liked by 1 person

    • bunkerville Says:

      Good stuff. Why am I not surprised. It was calculated that each year the bill for Israel for each U.S. taxpayer comes to $2000.00. I could us $2000.00. Our States could use it. We are sick and tired of propping up the whole world. Thanks for the info Mustang.

      Like

  6. petermc3 Says:

    Asbestos laden solar panels, Mercury laden light bulbs, defective u-bolts. Why wouldn’t we want our war machine manufactured by the Chi-Coms?

    Liked by 1 person

    • bunkerville Says:

      Thousands more of our jobs being shipped to China while they build their magical islands with those little war items on them so they can control the region.

      Like


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