china is buying portion of GM.

[joevol320]

China's SAIC close to GM IPO stake buy-sources | Reuters

another reason not to buy a government motors production.

I guess it's fitting, china owns most of America's debt, might as well an American car company. maybe they can tell uaw to shove it.

 

[Rasputin_Vol]

Interesting... they already have Hummer and Buick is pretty popular over there. Oh well...

:zeitung_lesen:

 

[overseasorange2]

China's SAIC close to GM IPO stake buy-sources | Reuters

another reason not to buy a government motors production.

I guess it's fitting, china owns most of America's debt, might as well an American car company. maybe they can tell uaw to shove it.

Which may eliminate the, "decades of poor management”

 

[BigPapaVol]

Immaterial. They're simply stockholders in a public company until they have a control stake or board seats to control.
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[joevol320]

Immaterial. They're simply stockholders in a public company until they have a control stake or board seats to control.
Posted via VolNation Mobile

i wonder what china will do when GM needs another gov take over and they try to take china's shares away.

 

[BigPapaVol]

i wonder what china will do when GM needs another gov take over and they try to take china's shares away.

What can they do? A cram down is a potential outcome of equity ownership - always.
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[joevol320]

i guess they have so much money, they can throw it away

 

[BigPapaVol]

i guess they have so much money, they can throw it away

Their bet is that it's undervalued and that our gov't meddling will protect their position. Depending on the type of security they buy, they might be right.
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[VolsNSkinsFan]

Interesting... they already have Hummer and Buick is pretty popular over there. Oh well...

:zeitung_lesen:

China backed out of that Hummer deal

 

[droski]

i'm all for the chinese buying overpriced companies.