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

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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Comments (2)
  • Sam Liu
    , contributor
    Comments (3861) | Send Message
     
    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 2013, 05:17 AM Reply Like
  • qw
    , contributor
    Comments (143) | Send Message
     
    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 2013, 05:53 AM Reply Like
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