Why American Workers Should Welcome Chinese Investments (opens in new tab)

Volvo withered under Ford, and its workers were subjected to a succession of layoffs. In 2010, just eleven years after its purchase, Ford sold Volvo to a Chinese company for $1.8 billion. The Chinese owners added plants in China, but kept production in all of its existing locations in Sweden, Belgium and Malaysia. In addition to the new plants in China, it has also added plants in India and the United States. R&D remained in Sweden and that division designed the new, all-electric brand, Poles...