It says there, that the famous London taxis face a major crisis - the details and background elude me - due to the poor quality of parts manufactured in China.
This can also be found here:
http://www.ft.com/cms/s/0/b64b0be8-1d27-11e2-abeb-00144feabdc0.html#axzz2ASGWq4EJ
"The company said it was no longer a going concern on Monday after it failed to secure funding from Geely, the Chinese carmaker that owns 20 per cent. This came after the company suspended sales because of a recall of 400 cabs due to problems linked to a Chinese-built component in their steering boxes."
and
http://cars.uk.msn.com/news/london-taxi-maker-in-crisis-bailout-talks
"The steering fault is related to a new component sourced from a new Chinese supplier and installed from earlier this year. The firm says it will seek compensation from the supplier."
Well, China is frequently being called the "workhorse" of Asia (or the world). But considering the fact, that either they DO NOT HAVE any decent craftsmen in that country, or if they do, those craftsmen DO NOT take pride in their work,
it seems to me that all the people opting for cheap (cheapest) Chinese products may have bet on the wrong horse!
I wrote about this before:
http://blogs.yahoo.co.jp/thoacu/62862223.html
AND I have seen parts manufactured in China, ordered by a German manufacturer of coal mills for blast furnaces for a project in Japan (I did the interpretation work). The whole project being worth millions of dollars (!) the parts I saw = crucially important precision bolts and other (VERY expensive!) parts, were thrown thoughtlessly, without any protection into a torn card box.
The calling card of "Made in China".
I think the time is long overdue that people realize: "cheap is NOT best" and "Chinese quality" is definetely not something you can rely on!
