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Title: China to Buy a Stake in GM
Source:
Reuters
URL Source: http://www.reuters.com/article/idUSWEN287720101110
Published: Nov 11, 2010
Author: staff
Post Date: 2010-11-11 12:10:50 by jwpegler
Keywords: None
Views: 2945
Comments: 14
General Motors Co [GM.UL] is in the final stage of talks to sell equity to long- time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said. The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC's ambitions to move beyond the China market, the sources said. Any agreement between GM and SAIC would need Chinese government approval and could still fall apart, the sources cautioned. One person familiar with the matter said previously that SAIC had initially reached out to GM to explore the prospect of taking a "single-digit" stake in GM. The size of SAIC's prospective investment was not known. The final round of talks have been led by SAIC Vice Chairman Chen Hong and could conclude as soon as the weekend, that source said. The sources were not authorized to speak with the media and declined to be named because the talks are private. Representatives for GM and SAIC declined to comment. Makes sense since China is GM's largest foreign market
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#1. To: jwpegler (#0)
That should go over BIG with NASCAR fans!
Why? I don't remember hearing much Nascar noise when Dear Leader nationalized GM, or Chrysler.
Nationalizing and China are two entirely different things. You think a Chinese flag and Chinese writing on the Impalas and Dodges will impress NASCAR fans? Hey Jimmie, Jeff and Junior your fans aren't going to be happy about this.
Commies here, commies there. They only difference I see is the geography.
1.3 billion in China, 150 million here. That's a helluva difference.
I stand corrected. And the Chicoms aren't economic morons like the Obamunist Commies either, that's another huge difference.
In many ways, China is much more capitalist than the U.S. Much more. Their economic model is Singapore, which the Heritage Foundation has consistently listed as one of the two freest economies on earth, next to Hong Kong. Hong Kong is part of China. China is certainly not Singapore today, but that is their stated vision -- to be a very large version of Singapore.
Does that give China free speech rights in US elections?
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
They already own the democrats.
Why would their economic model be Singapore when their own Hong Kong scores 89.7 and Singapore scores 86.1 on the Index of Economic Freedom?
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
You imply that the Chinese want a high EF score. Freedom of any kind is way down at the bottom of their list of priorities. They want power not freedom, just like the D's and R's.
You've got to put spaces in there...see above.
Off hand I'd say they have more power than Singapore right now.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Thank you.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
China to Buy a Stake in GM
#2. To: Ibluafartsky (#1)
That should go over BIG with NASCAR fans!
#3. To: Happy Quanzaa (#2)
Why? I don't remember hearing much Nascar noise when Dear Leader nationalized GM, or Chrysler.
#4. To: Ibluafartsky (#3)
Nationalizing and China are two entirely different things
#5. To: Happy Quanzaa (#4)
Commies here, commies there.
#6. To: Ibluafartsky (#5)
a helluva difference
#7. To: Happy Quanzaa (#6)
(Edited)
I stand corrected. And the Chicoms aren't economic morons like the Obamunist Commies either, that's another huge difference.
"To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves is sinful and tyrannical." -- Thomas Jefferson
#8. To: jwpegler, AKA Stone (#0)
China to Buy a Stake in GM
#9. To: lucysmom (#8)
Does that give China free speech rights in US elections?
#10. To: jwpegler (#7)
In many ways, China is much more capitalist than the U.S. Much more. Their economic model is Singapore, which the Heritage Foundation has consistently listed as one of the two freest economies on earth, next to Hong Kong.
#11. To: lucysmom (#10)
(Edited)
Why would their economic model be Singapore when their own Hong Kong scores 89.7 and Singapore scores 86.1 on the Index of Economic Freedom?
#12. To: lucysmom, A K A Stone (#8)
AKA Stone
#13. To: hondo68 (#11)
They want power not freedom, just like the D's and R's.
#14. To: Fred Mertz (#12)
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