china to buy stake in gm.....

ponbigi · 11-11-2010, 08:17 AM

http://us.mobile.reuters.com/article...0101110?ca=rdt

Not sure how I feel about this

Fidgit · 11-11-2010, 08:21 AM

A chinese company tried to buy Hummer not too long ago. How do you think that wouldve worked out...

HondaPowered · 11-11-2010, 08:23 AM

A chinese company now owns Hummer, and they have rules out *i believe* to keep other countries from buying too many stocks. Not 100% sure about that last part.

jonm38 · 11-11-2010, 09:00 AM

I thought, the Hummer, Saturn, GM was not able to reach a deal on them. Saturn was going to be bought by Penske at one time. But that fell through.

Mr_Draco · 11-11-2010, 09:28 AM

Quote:

Originally Posted by ponbigi

http://us.mobile.reuters.com/article...0101110?ca=rdt

Not sure how I feel about this

You do realize that this same company has been partners with GM for 20 years and has owned stock in GM since then right? How did you feel about the purchase then? There is no difference. All they are doing is buying the stock back that they owned before bankruptcy.

ron10 · 11-11-2010, 09:51 AM

does that mean we will be driving "ricers"?

h2oplay · 11-11-2010, 10:17 AM

doesn't matter who the shareholders are, it's global business as usual,

how did you feel when the original stock owners got the shaft?

pennor · 11-11-2010, 10:23 AM

ON GM!

OK!

That does it!

They do this and I'm officially becoming a FORD guy!

camaro52010 · 11-11-2010, 10:38 AM

Quote:

Originally Posted by Mr_Draco

You do realize that this same company has been partners with GM for 20 years and has owned stock in GM since then right? How did you feel about the purchase then? There is no difference. All they are doing is buying the stock back that they owned before bankruptcy.

That and the US Govt. stimulus billion$ used to Bail out GM was borrowed from the Chi-Coms. What's the difference?

FenwickHockey65 · 11-11-2010, 10:41 AM

Just business as usual.

*Camaro_Corvette* · 11-11-2010, 10:48 AM

It's a global company....This kind of stuff happens everyday...

scythezo6 · 11-11-2010, 10:48 AM

Quote:

Originally Posted by pennor

ON GM!

OK!

That does it!

They do this and I'm officially becoming a FORD guy!

Seriously? Lol

TommyTSquared · 11-11-2010, 10:49 AM

edit: meh, there was a point to that >.>

baba booey · 11-11-2010, 11:15 AM

Might be time to sell the Camaro

ohwell the BOSS 302 looks good to me

11-11-2010, 08:17 AM	#1
ponbigi Drives: 2011 CAMARO LS Join Date: Sep 2010 Location: Chandler, AZ Posts: 326	china to buy stake in gm..... http://us.mobile.reuters.com/article...0101110?ca=rdt Not sure how I feel about this

11-11-2010, 08:23 AM	#3
HondaPowered Drives: '09 Honda Civic LX Join Date: Jun 2009 Location: Knoxville Posts: 562	A chinese company now owns Hummer, and they have rules out i believe to keep other countries from buying too many stocks. Not 100% sure about that last part. __________________ Saving up for a camaro. Dream camaro is either a 1/2SS with RS, black with red stripes, or red with white stripes. No rice with my order.

11-11-2010, 09:00 AM	#4
jonm38 Drives: 2016 Siliverado LT. Camaro SS Join Date: Jul 2009 Location: Brooksville, Florida Posts: 627	I thought, the Hummer, Saturn, GM was not able to reach a deal on them. Saturn was going to be bought by Penske at one time. But that fell through. __________________ *Just Cruising!* USN - 1990 - 1994 2010 Camaro 2SS Red Jewel

11-11-2010, 10:41 AM	#10
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	Just business as usual. __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

11-11-2010, 10:48 AM	#11
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	It's a global company....This kind of stuff happens everyday... __________________ I am seriously never serious vv V vv Next order of business

11-11-2010, 08:21 AM	#2
Fidgit Drives: 2010 2SS/RS, Black-on-Black Join Date: Sep 2010 Location: Putnam County, NY Posts: 172 View My Garage	A chinese company tried to buy Hummer not too long ago. How do you think that wouldve worked out...

11-11-2010, 09:51 AM	#6
ron10 Drives: 2010 2SS IOM L99 Join Date: Jan 2010 Location: LOUISVILLE,KY.. Posts: 7,545	does that mean we will be driving "ricers"?

11-11-2010, 10:17 AM	#7
h2oplay Winners find a way Drives: 2010 2LT/RS M6 Join Date: Jun 2010 Location: NE Ohio Posts: 1,137	doesn't matter who the shareholders are, it's global business as usual, how did you feel when the original stock owners got the shaft?

11-11-2010, 10:23 AM	#8
pennor Drives: 2011 2LT - 73 Corvette 454 Join Date: Sep 2010 Location: Salem, OR Posts: 240	ON GM! OK! That does it! They do this and I'm officially becoming a FORD guy!

11-11-2010, 10:49 AM	#13
TommyTSquared Drives: RSSS Join Date: Dec 2009 Location: DFW Posts: 2,492	edit: meh, there was a point to that >.> Last edited by TommyTSquared; 11-11-2010 at 11:57 AM.

11-11-2010, 11:15 AM	#14
baba booey Drives: abm 2ss rs Join Date: May 2010 Location: Lake taps Wa Posts: 94 View My Garage	Might be time to sell the Camaro ohwell the BOSS 302 looks good to me

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