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View Full Version : Chinese Automakers may buy GM and Chrysler



RCprince
11-20-2008, 03:40 PM
http://www.agoracosmopolitan.com/home/Frontpage/2008/11/19/02867.html


"At current market valuations (GM is worth less than Mattel) the Chinese government can afford to buy GM with petty cash. Even a hundred billion $ would barely dent China’s more than $2t in currency reserves. For nobody in the world would buying GM and (while they are at it) Chrysler make more sense than for the Chinese. Overlap? What overlap? They would gain instant access to the world’s markets with accepted brands, and proven technology."

rockwerks
11-20-2008, 04:41 PM
Cool that will save jobs but not 71.00 for an assembly line worker....be more like 47.00 as Toytoa USA does......

Flying Scotsman
11-20-2008, 04:47 PM
The problem is pension funds. The company will have to go bankrupt to have any viable suitor.

Douggie