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GM (GM) and partner SAIC Motors are reportedly interested in acquiring ailing car makers in...

  • Wednesday, February 6, 4:35 AM ET
    GM (GM) and partner SAIC Motors are reportedly interested in acquiring ailing car makers in China, as if the U.S. company doesn't have enough problems turning around loss-making operations in Europe. Still, GM wants to boost sales in China by 75% to 5M by 2015, and an acquisition could one way to achieve this. The government might be supportive, as it wants to consolidate a car industry that suffers from overcapacity.
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This news story has 2 comments:

  •  
    6 years ago in an official meeting at Shanghai library, there would be all black Buicks. Yesterday (sorry no picture), there were a Ford, a VW, a Fiat, a BMW, a Buick, a Cadillac, etc. (perhaps no Cn branded vehicle). But all were black.
    6 Feb, 05:17 AM Reply Like
  •  
    Great move by the Chinese government to acquire Foreign technology by allowing ailing Chinese companies to take on a foreign partner.
    Many years from now, a very good chance that the foreigners will be phased out once they are no longer needed.
    6 Feb, 05:53 AM Reply Like
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