Shopping Cart

Your cart is currently empty.

American Automotive Equipment is Now “Chinese Automotive Equipment”

Sources inside China say that American Automotive Equipment has sold out to a Chinese manufacturing company. That Chinese company has taken a 51% ownership position in American Automotive Equipment. American Automotive Equipment is a competitor of Eagle Equipment.

The move was made after American Automotive Equipment was unable to pay their bills to the Chinese creditors.  All profits of American Automotive Equipment will now flow to China to satisfy the outstanding debt.

This move will put many companies, including Eagle Equipment in jeopardy. The Chinese-owned American Automotive Equipment will have a lower cost basis and will not be burdened by important after sales services such as product warranty and support.

It remains to be seen how many American jobs will be lost as a result of this transaction.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign up to our newsletter & Receive Savings In Your Inbox

Sign Up

Copyright © 2024 Eagle Equipment. | Ecommerce Shopping Cart Software by Miva, Inc.