This Chinese Nationalization Of A US Car Maker Should Be A Wake Call For Those Who Are Interested In Doing Business In China


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by Flowing News Team Saleen Automotive Inc. FOX News: China wields coronavirus to nationalize American-owned carmaker Police and private security forces raided the headquarters on June 29 China enticed an American entrepreneur with the opportunity of helping build a cutting-edge automobile company in the world’s largest car market, then used the uncertainty cast by COVID-19 to steal his intellectual property, the businessman says. Steve Saleen, founder of specialty high-performance sports car manufacturer Saleen Automotive, and his partner Charles Wang, a Chinese immigrant and former attorney at a New York law firm, were approached in late 2015 about forming a joint...