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A Chinese-owned GM, it could happen
#1
Posted 24 November 2009 - 12:28 AM
A shocking concept for the ultimate all-American company but one some auto industry experts say isn't too far-fetched.
"I can tell you right now the Chinese are shopping heavily in the U.S. auto sector," said David Cole, chairman of the Center for Automotive Research, a Michigan think tank.
Cole said such a deal isn't imminent and wouldn't happen until GM starts selling shares to the public again, likely a year or more from now. But he says buying GM would be a major opportunity for the nascent Chinese auto industry.
"The Chinese have a lot of our money and they're looking to invest it," he said.
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#2
Posted 24 November 2009 - 09:20 AM
#3
Posted 24 November 2009 - 09:27 AM
staff, on Nov 24 2009, 12:28 AM, said:
A shocking concept for the ultimate all-American company but one some auto industry experts say isn't too far-fetched.
"I can tell you right now the Chinese are shopping heavily in the U.S. auto sector," said David Cole, chairman of the Center for Automotive Research, a Michigan think tank.
Cole said such a deal isn't imminent and wouldn't happen until GM starts selling shares to the public again, likely a year or more from now. But he says buying GM would be a major opportunity for the nascent Chinese auto industry.
"The Chinese have a lot of our money and they're looking to invest it," he said.
CLICK HERE TO READ MORE
Nothing last forever. :reading:
#4
Posted 24 November 2009 - 10:07 AM
#5
Posted 24 November 2009 - 04:30 PM
#6
Posted 24 November 2009 - 04:34 PM
97svtgoin05gt, on Nov 24 2009, 04:30 PM, said:
It will never stop. Not as long as American consumers insist on being the largest consumers of goods in the world.
#7
Posted 24 November 2009 - 07:13 PM
#8
Posted 26 November 2009 - 01:16 AM
AGR, on Nov 24 2009, 06:13 PM, said:
Yep. CNN Money seems to be full of idiots sometimes.
#9
Posted 26 November 2009 - 07:46 AM
GM can't rely on Classic Silverado sales, US jobs forever to prop them up as fuel prices will only be higher and higher in the future.
GM use to employ how many folk in 1979 stateside, pre- boring bland very dull Jellymoulded cars. How many folk do GM employ today building post Jellymould stale designed cars Stateside?
Korean made ex Daewoo Chevy Matiz, Aveo's junk don't motivate me to wanna get out of bed in the morning, and want buy GM cars.
Would consider buying a Chevy even if they were half decent but all Chevy cars in Europe have a lot less charisma than a British Leyland Morris Marina, and l absolutely hated them.
#10
Posted 26 November 2009 - 08:30 AM
#11
Posted 27 November 2009 - 12:18 AM
At least, about half of my retirement mutual funds are in China. (I wouldn't do that if I were closer to retiring, but as a young'un, I can afford to lose it).
#12
Posted 27 November 2009 - 06:40 AM
Noah Harbinger, on Nov 27 2009, 05:18 AM, said:
At least, about half of my retirement mutual funds are in China. (I wouldn't do that if I were closer to retiring, but as a young'un, I can afford to lose it).
Let hope China falls out with the west - GM will be buggered as their plans to export Chinese made cars to the US on the cheap so every other bugger has to export their car making jobs to China or go under will fall flat on its face, and we get all our jobs back they have stolen from us back again so your children have job, rather than you getting a big pension smart Alec :hysterical:
This post has been edited by Ford Jellymoulds: 27 November 2009 - 06:41 AM
#13
Posted 29 November 2009 - 08:50 PM


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