It’s great that Chinese companies may want to buy Chrysler or GM. That’s how the free enterprise system works. Companies are priced at a fair market value in public exchanges (if they’re publicly held) and then anyone with the cash can buy them, just like any products are bought and sold a la Adam Smith. IBM was able to unload its no-longer viable personal computer business to Chinese investors. It’s a great way to get money back into the hands of American businesses and investors. And as John Dodge pointed out on his Facebook page, GM has a capitalization of only $1.35 billion at current stock prices. GM has a large product development center in China and Buick is one of the top-selling brands in China. Most importantly, a Chinese buyout of GM or Chrysler saves US taxpayers a lot of cash.
Divestiture of assets to foreign investors is not a great long-term strategy, however. Our weak financial situation is a result of years of deficit spending and a bulging federal debt. If you’re mad about General Motors going bust—don’t be mad at me. Be mad at your own spending and voting patterns.
A composite based on a high-performance PEEK-like resin we told you about two years ago when it was still in R&D has now been licensed by the US Naval Research Laboratory (NRL) for commercial manufacturing.
Microsoft, HP, Dassault, and other industry heavyweights in 3D printing have launched a new 3DP file format, 3MF. The consortium says the spec will more fully describe a 3D model and will be interoperable with multiple applications, platforms, services, and printers.
NASA's been working on several different ongoing projects for 3D-printed rocket engine components in metals and now it's reached another first in aerospace 3D printing: a full-scale, 3D-printed rocket engine component made of copper.
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