• Mar 29, 2011
The Chinese auto industry has been on the lookout for high-tech auto companies in search of a partner, and China's Dongfeng may have found just that in transmission maker Getrag. Automotive News reports that Dongfeng is in advanced talks to purchase a 30-percent stake in the German supplier.
Details are scarce, but the report cites sources who say the deal could be worth $700 million. Getrag has reportedly been looking for a partner since Dana Corporation sold its 30-percent stake back to the Hagenmeyer family back in 2007. The family is currently the sole owner of Getrag.

AN points out that the merger, if it goes through, would represent the first time a Chinese automaker has bought into the German auto sector. It's important to point out that talks are reportedly ongoing, which means that either party can back out at any time. Many global automakers rely on Getrag for transmissions to one extent or another, including Ford, Fiat and BMW.

[Source: Automotive News sub. req.]


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  • 16 Comments
      • 3 Years Ago
      Automatic China bashing here.
      • 3 Years Ago
      Look for mass engineering resignations when QC standards slip.
      • 3 Years Ago
      They cant come up with their own technology, but they can certainly buy it. If you work at the getrag factory your job is next to get shipped to china.
        • 3 Years Ago
        Really? Last I heard Getrag had facilities all over the world. So with Dongfeng buying a 30% stake in the company, they are going to have the power to shut down all current facilities and move them all to China? Maybe the more logical result will be an *additional* facility in China to build transmissions for Chinese cars? This was a smart investment by Dongfeng.
      • 3 Years Ago
      If Germany or Getrag is afraid of the Dongfeng's investment, then simply don't take their money.

      As for Dongfeng, I find its name funny.....
      • 3 Years Ago
      Dongfeng's minibuses suck big time when it comes to overall build quality, including crappy gearboxes and sport-tuned suspension (translation: very stiff, lol). I know it because I had rode in one.
      But nevertheless, it does its job pretty well:
      To carry at most seven people from point A to B.

      http://www.hispaniolamotors.com.do/images/modelsImg/DFM_Minibus_thumb_profile.jpg

      BMW kidney grille much?
      • 3 Years Ago
      I came in here to discuss the venture/stock acquisition and instead were confronted with a bunch of arguing wankers. Way to ruin the thread.

      • 3 Years Ago
      In other words, Dongfeng is looking to steal foreign technology and copy it in its home market, under the Getrak brand.
        • 3 Years Ago
        The sale should be blocked. It may not be stealing, but it's certainly not within Germany's strategic interest.
        • 3 Years Ago
        Buying stake in other companies to benefit from their knowledge is standard practice. Ford bought a large portion of Mazda mostly because Ford wanted to use their engines. Now that the stock has mostly been sold, both companies are better off and continue a freindly cooperation. Many Chinese companies have been buying foreign products to reverse engineer them and produce their own copies. That is stealing.
        • 3 Years Ago
        Companies buy others all the time. Why is it stealing foreign technology only when a Chinese company makes an investment? If it were an American company looking to acquire another company to take advantage of its technology and productive capacity, you wouldn't be saying the same thing. You are a either someone who understands nothing of business or a bigot.
      • 3 Years Ago
      Correction, this Chinese company is buying technology.
      • 3 Years Ago
      Well, just goes to show you how desparate Getrag is. They're willing to have all their IP leeched, given to the rest of china, and then sold right back to them to put them out of business. They'll take their money right back when they're done, because that's the long-term price of dealing with the chinese.
        • 3 Years Ago
        Just goes to show you the racist dumbasses that troll autoblog. If it were a western company looking to buy it would be nothing more than a typical business venture, if it's a Chinese company looking to BUY, it becomes stealing and IP theft even though they are BUYING A STAKE in the company, DUMBASS.
        • 3 Years Ago
        How is buying stealing, dumbass? Read my comment again, dumbass. BTW, every company in the world reverse engineers, DUMBASS.
        • 3 Years Ago
        Because that's how the world works, you idiot! Western companies do business, the chinese steal. They may buy it sometimes, but all they need is enough time to steal everything, reverse engineer it with largely inferior materials, sell their shares back off, and put getrag out of business because of all the morons running western companies into the ground by doing business with china.

        I'm not racist, this is just how china does business.
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