A buyer for GM?
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From: B.C. Canada
A buyer for GM?
http://www.edmunds.com/insideline/do...ticleId=136228
"GUANGZHOU, China — The largest state-owned Chinese automakers may be poised to buy assets from General Motors and Chrysler, a government official said here.
According to the Chinese publication 21st Century Business Herald, state-owned companies such as Shanghai Auto and Dongfeng have the intention and the capability to acquire assets from the troubled Detroit automakers. The remarks were attributed to a senior official of China's Ministry of Industry and Information Technology, which regulates the auto industry.
Shanghai Auto, also known by the acronym SAIC, is China's largest automaker and is partnered with GM and Volkswagen. Dongfeng, the country's third largest carmaker, has no direct links with Chrysler, but has alliances with Kia, PSA Peugeot Citroën and Honda.
Earlier this week, Automotive News China reported that Chrysler's long-simmering deal with Chery Automobile appears to be disintegrating and that there now is little prospect that Chery will supply small cars to the U.S. company."
"GUANGZHOU, China — The largest state-owned Chinese automakers may be poised to buy assets from General Motors and Chrysler, a government official said here.
According to the Chinese publication 21st Century Business Herald, state-owned companies such as Shanghai Auto and Dongfeng have the intention and the capability to acquire assets from the troubled Detroit automakers. The remarks were attributed to a senior official of China's Ministry of Industry and Information Technology, which regulates the auto industry.
Shanghai Auto, also known by the acronym SAIC, is China's largest automaker and is partnered with GM and Volkswagen. Dongfeng, the country's third largest carmaker, has no direct links with Chrysler, but has alliances with Kia, PSA Peugeot Citroën and Honda.
Earlier this week, Automotive News China reported that Chrysler's long-simmering deal with Chery Automobile appears to be disintegrating and that there now is little prospect that Chery will supply small cars to the U.S. company."
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