Chinese automaker SAIC may buy GM stake/IPO

[motorhead]

Originally Posted by alrox

The chinese are financing the debt which allows you personally to prosper. You should be more understanding and thankful of them taking on the burden.

Without the chinese this country would have stagnated in the 70's without any growth except for fraud.

We put ourselves in the hands of the chinese with the thinking that has been going on in this country for years. I don't have the chinese thank. I have the crooks in Washingtion to thank for screwing it up. The fraud you speak of, is the reason that China owns us. You got it backwards.

[motorhead]

Originally Posted by Berean

Why would this be any different than before bankruptcy, if the same Chinese company bought a couple million shares?

In a free market, you can't really stop anyone from buying stock in a company.

Your right. As I also have the right not to buy any of there products if they sell shares to China. Which was really all I said in the first place.

It really saddens me as an American to see people defend this kind of thing. :(

When your all working for Wal-mart or worse yet out of job all together ,then one day maybe you'll wake up to what's really going on.

[alrox]

Originally Posted by motorhead

Your right. As I also have the right not to buy any of there products if they sell shares to China. Which was really all I said in the first place.

It really saddens me as an American to see people defend this kind of thing. :(

When your all working for Wal-mart or worse yet out of job all together ,then one day maybe you'll wake up to what's really going on.

Americans chose to become a society of highly paid information pushers/pullers instead of producing something physical because it's 'easier'.

This can only go on for so long before everyone realizes the information we're pushing is essentially worthless.

[motorhead]

Originally Posted by alrox

Americans chose to become a society of highly paid information pushers/pullers instead of producing something physical because it's 'easier'.

This can only go on for so long before everyone realizes the information we're pushing is essentially worthless.

That is so true ,but I believe it was decided by a select few at the top. Not Americans as a whole.

[a_Username]

Originally Posted by motorhead

Your right. As I also have the right not to buy any of there products if they sell shares to China. Which was really all I said in the first place.

It really saddens me as an American to see people defend this kind of thing. :(

When your all working for Wal-mart or worse yet out of job all together ,then one day maybe you'll wake up to what's really going on.

It's still sad to me that people still buy Krugman's attempts at economics.

[Number 3]

Originally Posted by The_Blur

I'm hoping that any foreign investment is severely limited in the IPO, especially after China's announcement that it may require foreign automakers to share technology with Chinese automakers in order to do business in China.

It was already announced by the aministration that there would be limits.

Originally Posted by KKreme15

They aren't buying the whole damn company! Just a single digit share, everyone needs to chill

There will be a lot of foreign investment. If it an opportunity for you and I to make money.............it's an opportunity for them. The key will be if it is considered solid enough that institutional investors jump in, i.e. retirement funds etc.

Originally Posted by motorhead

That's just where it starts. Besides how do you know how much they are trying to purchase. GM hasn't even gone public yet.

Plus there are too many people chilling these days which is causing this country to get bought out right from under us.

Originally Posted by Berean

Why would this be any different than before bankruptcy, if the same Chinese company bought a couple million shares?

In a free market, you can't really stop anyone from buying stock in a company.

Before the bankruptcy you would have been buying a company Billions in debt and with a crappy non competitive union contract. Now on the other hand...........................

Originally Posted by motorhead

We put ourselves in the hands of the chinese with the thinking that has been going on in this country for years. I don't have the chinese thank. I have the crooks in Washingtion to thank for screwing it up. The fraud you speak of, is the reason that China owns us. You got it backwards.

One small problem there..........we all voted them in. Those crooks speak for us.

Originally Posted by motorhead

Your right. As I also have the right not to buy any of there products if they sell shares to China. Which was really all I said in the first place.

It really saddens me as an American to see people defend this kind of thing. :(

When your all working for Wal-mart or worse yet out of job all together ,then one day maybe you'll wake up to what's really going on.

GM won't be selling share to the Chinese. GM has no way to specifically prohibit who or what institution buys the shares. In fact the Chinese likely owned shares before the bankruptcy. So I would hate to see you change your mind because of that. GM won't become a foreign owned company from this.

And as for your last comment............preaching to the choir

[KKreme15]

Originally Posted by motorhead

That's just where it starts. Besides how do you know how much they are trying to purchase. GM hasn't even gone public yet.

Plus there are too many people chilling these days which is causing this country to get bought out right from under us.

Originally Posted by motorhead

We put ourselves in the hands of the chinese with the thinking that has been going on in this country for years. I don't have the chinese thank. I have the crooks in Washingtion to thank for screwing it up. The fraud you speak of, is the reason that China owns us. You got it backwards.

Originally Posted by motorhead

That is so true ,but I believe it was decided by a select few at the top. Not Americans as a whole.

[smhss]

Originally Posted by derklug

Ford can share their VV carb technology with the Chinese, that wouldn't hurt much.

LMAO! Amen!

[motorhead]

Originally Posted by Number 3

It was already announced by the aministration that there would be limits.



There will be a lot of foreign investment. If it an opportunity for you and I to make money.............it's an opportunity for them. The key will be if it is considered solid enough that institutional investors jump in, i.e. retirement funds etc.





Before the bankruptcy you would have been buying a company Billions in debt and with a crappy non competitive union contract. Now on the other hand...........................



One small problem there..........we all voted them in. Those crooks speak for us.



GM won't be selling share to the Chinese. GM has no way to specifically prohibit who or what institution buys the shares. In fact the Chinese likely owned shares before the bankruptcy. So I would hate to see you change your mind because of that. GM won't become a foreign owned company from this.

And as for your last comment............preaching to the choir

Yeah, your right. It will be our own government that sells it's shares to China.

[a_Username]

Originally Posted by KKreme15

lolololololol

[Number 3]

Originally Posted by motorhead

Yeah, your right. It will be our own government that sells it's shares to China.

As I said, the U.S. Government has already stated it will limit outside investment.

So are you of the belief that GM somehow is in control of who and how much? Do you believe that GM is telling the U.S. and Canadien Governments what to do? And if you think the 2nd biggest stakeholder will sell to the Chinese (UAW) then I am really not sure what you mean.

[motorhead]

Originally Posted by Number 3

As I said, the U.S. Government has already stated it will limit outside investment.

So are you of the belief that GM somehow is in control of who and how much? Do you believe that GM is telling the U.S. and Canadien Governments what to do? And if you think the 2nd biggest stakeholder will sell to the Chinese (UAW) then I am really not sure what you mean.

I mean exactly what I said. The government has a lot of shares to move and while they limit how they get sold, China could end up with a lot of them. I don't profess to be a pro in the stock market. All I said from the beginning is really two things. I will not buy a GM car if China ends up a major stock holder, and I don't like the fact that they seem to be taking over and know one seems to care.

I'm done with this topic. I said my point.

[smhss]

Originally Posted by motorhead

I mean exactly what I said. The government has a lot of shares to move and while they limit how they get sold, China could end up with a lot of them. I don't profess to be a pro in the stock market. All I said from the beginning is really two things. I will not buy a GM car if China ends up a major stock holder, and I don't like the fact that they seem to be taking over and know one seems to care.

I'm done with this topic. I said my point.

I agree completely with you, Motorhead, and feel EXACTLY the same way. This whole thing really started gnawing at me yesterday and continues to. I even found myself thinking "maybe Ford can just take over". Blasphemous, yes, but more palatable by far than Chinese ownership. Yes, I know about the Chinese tranny in the Mustang, and YES, it bugs the s@%t out of me. A third voice in me was whispering "well, here's your chance to give Mopar a try...". Damn.

[cab2g]

Last time I heard the US owes nearly 1 trillion to the Chinese. Most everything we buy today is made in China. Most Chinese strongly prefer to buy only Chinese-made goods.

So let me re-word this. We put most of our manufacturing income into China. They put most of their income back into Chinese goods. We have a huge trade deficit. So instead of selling more things that WE manufacture, we borrow money from the same people who we just gave our money to make the things we need money to buy.

Does that sound stupid to anybody else??? All to save a few pennies because Chinese labor is cheaper? I mean seriously, somehow Craftsman can manage to manufacture tools in the USA and sell them for about the same as a cheap Wal-Mart Chinese-made tool, but yet 99% of people seem to buy the slightly cheaper tool, which was engineered with planned obsolescence so that it'd wear out within a year or two instead of buying something made in America which pays both American factory workers and executives. I mean to me it seems like a win-win!

I am totally not against free trade. I just feel like this has gotten out of hand. Oh well, I'm preaching to the choir on a Camaro website, but most people are too apathetic to care about the obvious trade issues we have that are driving our country deeper and deeper into debt.