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FCA stock (FCAU) has shot up on rumors that the company would be taken over by a Chinese business, gaining over a dollar per share overnight (from $11.61 to $12.62).
Chinese companies have amassed billions of dollars as global manufacturing has moved to the country, which has the advantages of a new, well-developed infrastructure, government support, cheap labor, few environmental or worker safety rules, subsidized shipping, and instant access to armies of manufacturing engineers.
Read the full story: FCAU up on China rumor »
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Chinese companies have amassed billions of dollars as global manufacturing has moved to the country, which has the advantages of a new, well-developed infrastructure, government support, cheap labor, few environmental or worker safety rules, subsidized shipping, and instant access to armies of manufacturing engineers.
Read the full story: FCAU up on China rumor »
More...