Wednesday, November 25, 2009

CNN Money- "A Chinese-owned GM, it could happen"

The CNN Money article linked HERE says-

"As Chinese automakers eye bargains around the world, some think they could make a play for GM once it goes public... Such purchases would give the Chinese access to needed technology, as well as auto plants around the globe to serve various markets."

"The Chinese have a lot of our money and they're looking to invest it," said David Cole, chairman of the Center for Automotive Research.

"Assuming there's no government restrictions on something like that, anything is possible," said Bob Schulz, the top automotive credit analyst at Standard & Poor's.

Click THIS LINK to view a KC article from December 2008 entitled China - "A swiftly rising threat."

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