Tuesday, March 29, 2011

Where to Invest........

    China?  While our government owned car companies may soon see layoffs because they can not get the parts that now seem to all be manufactured in Japan, we still see growth in the world, just not here.

Volvo, now owned by China's Geely, said Tuesday it would hire 1,200 new employees, mostly engineers, over the next year to hike production and develop electric cars. "The majority of the new recruitments will be engineers within research and development where the company needs among other things new competence in the field of electrification," the company said.

To reach its goal, the company plans to invest $11 billion in China over the next five years and to open a plant there in 2012 or 2013.

                         Okay WEALTH move along.....nothing to see here.  

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