China's SAIC Motor Corp to "invest" in GM - DFWstangs Forums
 
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post #1 of 2 (permalink) Old 09-18-2010, 05:58 AM Thread Starter
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China's SAIC Motor Corp to "invest" in GM

http://www.reuters.com/article/idUSTRE68G5HH20100917

That would be the funniest thing for a Chinese company to get a controlling interest in GM. Backed my the Chinese government that holds hundreds of $billion in assets, they could take controll for probably $50 billion.

Then Barry can say, look at all the $billions in profits we made from the deal.

In another story,
Quote:
The upcoming initial public offering of General Motors Co will be open to the widest possible range of investors, including both overseas funds and U.S. retail buyers, the U.S. Treasury said on Friday.

The statement marked the first time the Obama administration has clarified the rules that will be applied in a landmark IPO intended to reduce the U.S. government's 61-percent stake in the automaker.

In the statement, the Treasury said that it would look to "maximize taxpayer returns" from the IPO while also looking to attract a stable base of investors and interest in the subsequent stock offerings that will be needed to eliminate U.S. government ownership.
http://www.reuters.com/article/idUSTRE68G5FE20100917
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post #2 of 2 (permalink) Old 09-18-2010, 08:10 AM
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Bush and Barry should have let GM die.... no one is too BIG to fail....

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