From: Uncoverage
Will China Buy General Motors After the November Election?
http://www.uncoverage.net/2010/10/will-china-buy-general-motors-after-the-november-election/
China wants to buy America’s car company.
Wall Street Journal:
SAIC Motor Corp., which has built cars with GM in China since the 1990s, hasn’t decided whether to participate in GM’s initial public offering but has expressed an interest in doing so, people familiar with the matter said.
GM declined to comment about SAIC. The Chinese auto maker said only that it is closely watching the GM offering. SAIC’s interest was first reported by Reuters news service.
The issue of foreign investors buying GM shares in the company’s IPO is a thorny one for the U.S. government, which is eager to unload its 61% stake in the auto maker…….
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