12 ordspråk av Wilbur Ross

Wilbur Ross

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The increase in our positions (in the three companies) shows our conviction in the prospects for these holdings. We are delighted with our positive working relationships with each of the management teams.

There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.

Everybody knows that this wonderful house of cards is going to collapse at some point and everybody is nervous that this kind of situation, as we are seeing in Asia could be the precipitating event.

For the price of a first-class ticket to Tokyo, you can buy the whole setup.

It's a horrible freak accident. Apparently, a lightning bolt struck the mine.

China has done many things right. The direction of change is in the right direction.

I'm very much in support of it. The industrial logic of the deal is impeccable.

We are still in the early stages here. Almost every day, there is another supplier filing for bankruptcy. We are continuing to make acquisitions.

What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we're in an economy where all people do is flip hamburgers, wait on people in stores and sue each other. It's not much of a basis for an economy.

There will be cutting and assembly, but not by us. The cutting and sewing people will be owned by separate companies, our traditional customers.

We would be interested in bidding if Collins & Aikman in the U.S. were to come up for sale,

We are looking at many of these distressed (auto parts companies) that have some kind of proprietary technology and some scale of size.

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