china to buy stake in gm..... - Page 2

*Camaro_Corvette* · 11-11-2010, 11:26 AM

read the thread.

Sax1031 · 11-11-2010, 01:34 PM

what does it really matter?

*DGthe3* · 11-11-2010, 02:34 PM

Chinese have owned stake in GM before, no surprise that they'll buy some again.

Quote:

Originally Posted by HondaPowered

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.

Uhh ... Hummer is dead like Pontiac and Saturn. Nobody bought the brand, a Chinese heavy manufacturing company almost did but the deal fell apart roughly 9 months ago. The only brand I remember being sold to the Chinese was Volvo, but that was from Ford.

Xanthos · 11-11-2010, 02:38 PM

Quote:

Originally Posted by pennor

ON GM!

OK!

That does it!

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

You really think Ford doesn't have any foreign stockholders?
- X

Brokinarrow · 11-11-2010, 02:49 PM

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.

Let's seeee i would have been about 5, so my thoughts would have been "Hey mister, do I get a cookie or not?!"

Brokinarrow · 11-11-2010, 02:51 PM

Quote:

Originally Posted by baba booey

Might be time to sell the Camaro

ohwell the BOSS 302 looks good to me

I'll trade ya my Scion for it

FenwickHockey65 · 11-11-2010, 02:58 PM

What everyone needs to realize is that every automaker owns some stake in another automaker. Maybe not a huge portion, but it's there.

midnighter · 11-11-2010, 03:09 PM

Quote:

Originally Posted by HondaPowered

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.

About the Honda: It's cool you wanna save up for a 5th gen'
Camaro. Nonetheless the 8th gen' vics aren't too shabby. The
Hondas hold their ground well in their non-turbo class. I
drove these two ('07 Si Cpe and then '09 Si Sdn) and they
were a lot of fun to drive and to modify. Nevertheless
they've had nothing on my 5th gen' Camaro SS experience.

(except for better fuel economy)

a_Username · 11-11-2010, 08:10 PM

Quote:

Originally Posted by FenwickHockey65

Just business as usual.

Cmicasa the Great XvX · 11-11-2010, 09:05 PM

SAIC owing a piece of GM is essentially no big deal. Supposedly the amount they are looking to get is a single digit percentile. GM will in turn get a larger piece of SAIC than SAIC gets from GM. They already are partners in China. Personally.. I think GM has put out some of the best product of the last 30 years under Government ownership

Ironically the very same people who have constantly cried about the U.S. Gov owing a part of GM are now crying about the possibility of "other investors" owing a part of GM. If they REALLY think that European, Asian, Indian, Russian, Arab investors don't have many shares in Ford, Toyota, Benz... then they are sadly mistaken. What's even more ironic is the people who rant about the Chinese and Indians coming to the U.S., exclaiming Ford as our savior... fail to realize that Ford is the one company that has opened the gate to them selling here via it's Fire Sale of PAG to TATA, and Volvo to Geely.

11-11-2010, 11:26 AM	#15
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	read the thread. __________________ I am seriously never serious vv V vv Next order of business

11-11-2010, 02:58 PM	#21
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	What everyone needs to realize is that every automaker owns some stake in another automaker. Maybe not a huge portion, but it's there. __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

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Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	what does it really matter?

11-11-2010, 09:05 PM	#24
Cmicasa the Great XvX Account Suspended Drives: 07Taho, 11CamaroRS, 12CTSV Coupe Join Date: Oct 2009 Location: MD Posts: 705	SAIC owing a piece of GM is essentially no big deal. Supposedly the amount they are looking to get is a single digit percentile. GM will in turn get a larger piece of SAIC than SAIC gets from GM. They already are partners in China. Personally.. I think GM has put out some of the best product of the last 30 years under Government ownership Ironically the very same people who have constantly cried about the U.S. Gov owing a part of GM are now crying about the possibility of "other investors" owing a part of GM. If they REALLY think that European, Asian, Indian, Russian, Arab investors don't have many shares in Ford, Toyota, Benz... then they are sadly mistaken. What's even more ironic is the people who rant about the Chinese and Indians coming to the U.S., exclaiming Ford as our savior... fail to realize that Ford is the one company that has opened the gate to them selling here via it's Fire Sale of PAG to TATA, and Volvo to Geely.