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You're right - Thomson and TCL manufacture RCA TV's and DVD players in China. Maybe the sale will align Audiovox and TCL...
Thomson to Merge Its TV Business with Chinese Manufacturer in Carmel, Ind.
COPYRIGHT 2003 The Indianapolis Star
Byline: Dana Knight
Nov. 4--After enduring a manufacturing-to-service shift, layoffs and voluntary buyouts, hundreds of remaining Thomson employees in Carmel will face even more changes after Monday's announcement that their company is merging with Chinese manufacturer, TCL International Holdings.
The joint venture, called TCL-Thomson Electronics, will combine Thomson's and TCL's TV and DVD-player units to create the world's largest manufacturer of television sets.
The company, which could sell 18 million TVs annually, is expected to generate revenues near $3.5 billion. Thomson, which sold 7 million TVs worldwide in 2002, will contribute its television-making facilities in Mexico, Poland and Thailand to the new company as part of the deal.
"We don't know what the future will be, what TCL will want to do," said Thomson spokesman Dave Arland. "We do know this is an aggressive but appropriate way to address a competitive threat, more than doubling the size of our television business. It means change,...
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Brian
USN RET 22YRS (Avionics/Cal)
CET-Consumer Repair and Avionics ('88)
"Capacitor Cosmetologist since '79"
When fuses go to work, they quit!
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