A Chinese-owned GM, it could happen

[Blue Oval Guide]

GM could one day be Chinese owned.

 

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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[battyr]

After GM has gone bankrupt once. If they can`t recover now, then they never will. No one would be wise to buy GM as a whole. The Chinese will buy GM China. They are best to let GM go bankrupt again and just buy some of it`s assets from the bank.

[mettech]

GM could one day be Chinese owned.

 

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:

[J-150]

If GM should recover and be a legitimate company again, I'm sure they will have a poison pill clause as so many large companies have created in the past 10 years.

[97svtgoin05gt]

I'm not a GM fan by any means, but if/when China buys our largest car company, someone better start thinking of a way to rebuild this country. That to me will signal a death nell as far as our industrial mite is concerned. I'd say all funding to foreign countries be stopped immediately and that money be used to subsidize our ability to start making our own stuff again. Having everything made outside the US will eventually be the downfall of America. It needs to be stopped at some point, and I'd say that time is better now than later.

[NickF1011]

I'm not a GM fan by any means, but if/when China buys our largest car company, someone better start thinking of a way to rebuild this country. That to me will signal a death nell as far as our industrial mite is concerned. I'd say all funding to foreign countries be stopped immediately and that money be used to subsidize our ability to start making our own stuff again. Having everything made outside the US will eventually be the downfall of America. It needs to be stopped at some point, and I'd say that time is better now than later.

 

It will never stop. Not as long as American consumers insist on being the largest consumers of goods in the world.

[AGR]

A(nother) stupid article by the mainstream media...must be the fervent wish of the Toyota-lovin' MSM that GM become a "foreign" company. When GM has its IPO, it will almost certainly have provision against any one entity owning more than 5% of the stock...except for the UAW of course.

[mustang84isu]

A(nother) stupid article by the mainstream media...must be the fervent wish of the Toyota-lovin' MSM that GM become a "foreign" company. When GM has its IPO, it will almost certainly have provision against any one entity owning more than 5% of the stock...except for the UAW of course.

Yep. CNN Money seems to be full of idiots sometimes.

[Ford Jellymoulds]

Can't see it happening myself the US government owns a 60% stake in Government Motors? But GM are shrinking four brands have gone 14 plants closed Stateside they seem to heading the same way British Leyland thinking boring bland mediocre is what buyers want, folk can buy the cheaper version of that called Kia & Hyundai. Product is No 1 thing GM need to focus on not drivel and $h!t like ebay and heavy discounting boring bland products, get the product right more Classic Silverado styling less boring styling car and nobody will be able to touch GM & jobs will be safe. If GM continue down this road of boring bland & dull cars Toyota emulation is good then they are going to get smaller and smaller in size then they will become at risk of being taken over, thats something l don't want to see happen at GM, because l like GM l want to see them do well.

 

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.

[Paul Selby]

Chinese owning GM? Maybe I'm crazy but my concern is the Chinese some day owning America.

[Noah Harbinger]

We should be buying them, while we've still got the cash - as individual investors, we should be buying chinese stocks cheap, so that when they explode over the next couple of decades, we're already in the saddle as much as we can be. They've got foreign ownership limits, but that's only when you start talking about large numbers.

 

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).

[Ford Jellymoulds]

We should be buying them, while we've still got the cash - as individual investors, we should be buying chinese stocks cheap, so that when they explode over the next couple of decades, we're already in the saddle as much as we can be. They've got foreign ownership limits, but that's only when you start talking about large numbers.

 

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

Edited November 27, 2009 by Ford Jellymoulds

[LSFan00]

The US will be a secondary market for the re-skinned Buicks imported as Chevy's.