Ferretti group selling to China’s Shandong Heavy Industry Group.

We must remember that Japan played a similar role in the world economy before it's close relationships between bankers, companies and Government helped it's economy into the dumper,is still in a recovery mode, we did all get sort of used to that first big spike in global economics and it is going to continue in one form or another, personally I find it economically odd that China would want anything to do with an outfit that's virtually bankrupt except (politics) or to take over some technology or moulds that really have not proven that successful otherwise Ferretti would be more successful than it is.

It'd sure scare me away from buying any boat from the Ferretti Group, both for their financial situation and especially China's involvement.

I have for quite some time.

That works for me when it's a $500 hoopty. Not sure I'd go for it when laying out $2 or 3M.

I'd be hard pressed to name a product who's quality improved with Chinese hands involved anywhere in the process.

Well, we are teaching them aren't we ?? as long as we export expertise it will come back in spades to haunt us.

Toyota redux?

If you go back to the early days of Toyota, and their entry into the American market, you might find an object (or abject, take your choice) lesson.

Certain elements of Japanese manufacturing have been investing heavily in China and S.E. Asia for a while.

We shall see. . .

Anderschou

politics again

gentlemen the financial situation of china is much better off than italy; so at least they must be doing somethings better. otherwise, we will not be buying their products just because they are cheap.

all i want to say, there is need for the developed world to assess what has been going wrong deeply instead of taking this change lightly and attributing the developments to reasons which do not engulf the whole story. boat building cannot stay out of this process...

If you know a bit the story Ferretti Group crisis came because an investing bank from Britain blew up the value (approx 2 billl EUROS) in good 2007, and debted on this.
The story of Dalla Pieta is also false in that FT article as they are still building in Italy, altough 90% is owned by Millenium marine.
You have a niche product it does not work the way many people are thinking. People who buy a Ferretti wanted it to be made in Italy. Now if thats good or bad thats something else.
Ferretti is selling well and if they are bad everyone is much worse. There order book is first world wide, if persons outside YF have not noticed....
There is still no offcial word about this from the company so I am sure discussions are under way and Norberto should remain on the helm and with a share.
Someone needs to set some things straight here...
In the end most of CHina yacht builds come from US corporations, do they not...