Asimco sued the bank for validating the certificates, but ended up liable for the lot.
Hilarious account of auto parts investment fund Asimco and its incineration of hundreds of millions of dollars.
As ASIMCO was building its export business, it became clear that there were two groups of people in the world.
ASIMCO, which manufactures car parts in nine provinces, says his factories are taking a lot of steps to keep the disease out.
The quality at each of the ASIMCO factories that exported was upgraded, and they became that much stronger in the China market as a result.
When I was running ASIMCO, I wish that I had had the option of entering into long term leases for the new factories that we were building.
Some of the happiest days of my life were the days I spent with ASIMCO, but the most trying days of my life were also spent there.
China is undoubtedly one of the most difficult places in the world to do business, and it was even harder in the 1990s when ASIMCO was born.
China's Asimco bought a Livonia, Mich. maker of engine mounts.
China's Asimco bought a Livonia, Michigan maker of engine mounts.
His book is at its most telling in describing the attitude of Asimco's New York board members and investors, which included some of America's top mutual funds and banks.
When I was at ASIMCO and we gave quotes to potential export customers, often they would tell us that our quotes were much higher than others they had received in China.
One of my early insights was that China would soon become one of the largest automotive markets in the world, a view that would lead to the founding of ASIMCO Technologies in early 1994.
A. One is Asimco, an auto component business.
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When he was eventually found out and fired, he told his workers to package defective products from his own production line in Asimco crates and sent them to its customers so they would cancel orders.
Remy, Inc. (formerly Delco-Remy, and formerly part of GM) is already building starters and alternators in China through both a wholly foreign owned enterprise (WFOE) and a joint venture with a unit of ASIMCO.
Mr Sha, the company's best manager, who ran a rubber-parts factory in the mountains of Anhui province in central China, secretly set up a rival plant down the valley which he financed by siphoning money from the Asimco joint venture.
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