Chinese automaker SAIC may buy General Motors stock - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 4 Old 09-20-2010, 02:04 AM Thread Starter
 
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Chinese automaker SAIC may buy General Motors stock

China's top automaker SAIC has expressed interest in buying a stake in General Motors once the Detroit automaker begins issuing stock again.

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post #2 of 4 Old 09-20-2010, 08:11 PM
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Originally Posted by ModernCamaro.com News View Post
China's top automaker SAIC has expressed interest in buying a stake in General Motors once the Detroit automaker begins issuing stock again.

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Calling attempt at SAIC at buying/getting the 65% or so owned by the government...

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post #3 of 4 Old 09-21-2010, 07:44 AM
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If it's going to be going to public trading eventually, so what? If the treasury doesn't approve, they'll get it another way if they really want it. And if the U.S. economy fails, the Chinese will cash in their chips and own a lot more anyway. It's the rules they make and the crop they must reap. Those with the most money wins. I wouldn't get into too much of a panty wad over it.

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post #4 of 4 Old 09-21-2010, 11:15 AM
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The funniest part of it all is seeing the UAW having to negotiate with the companies parent - a communist govt. That's gonna be a sitcom right there! lol.



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