Rumor Mill: Are The Chinese Carmakers Quietly Planning To Buy GM and Chrysler?

If they bought even one of them, it would mean instant access to a huge market and tremendous leverage.

— Agent009 (View Profile)

Posted on 11/18/2008 11:39:32 AM | reply to this comment | Votes: 4   

they deserve to fail......your kidding right? GM and Ford's demise would mean the loss of hundreds of thousands jobs, not to mention the suppliers that are directly connected with these companies. The whole suv boom whether it made sense or not everyone, from toyota, to BMW were creating SUVS that sucked way to much fuel, why? because thats what consumers wanted. While they have made many mistakes through the years so has many other automakers, and GM for one has made a huge turnaround in product the past few years. I for one hope they survive, because our government can waste our tax money, on greedy finance companies that were doign predatory lending, and making bad decisions in the first place, from failing and our auto industry which is ahuge part of this country, is fighting with new technology, new product, and new ideas cant get any help.....

— bmwdrvr (View Profile)

Posted on 11/18/2008 12:20:12 PM | reply to this comment | Votes: 2   

BMWDVR I bet the factories would be bought by Italian (Fiat)and German (VW)companies. The failing 3 just try to scare you so they can get loans. It wont be nearly as bad as they say.

— veyron1001 (View Profile)

Posted on 11/18/2008 5:01:42 PM | reply to this comment | Votes: 0   

Think about the Buick Invicta that Chinese designers took part in...think about the BMWs that they build...and the Mercedes that you don't have to worry about intended product quality problems 'cause they're too far for us to just ship a few thousands of cars to repair.

Think about all the possibilities...Chinese ownership probably would have been the best choice even back in 2004. I truly encourage this...hopefully, there won't be any situations like the 100% tariffs that the US government had once imposed.

— WorldofLuxury (View Profile)

Posted on 11/19/2008 2:42:33 AM | reply to this comment | Votes: 1   

"Furthermore GM of China is making a killing in China..."

Exactly! Why do you think these Chinese companies are interested?

— holmstar (View Profile)

Posted on 11/18/2008 11:40:51 AM | reply to this comment | Votes: 2   

I really dont think that the Governemnt or the UAW would allow this to happen. To a German/Japanese/Korean Company yes. To a lead paint toy making, killer baby milk selling group no.

— NItePhire (View Profile)

Posted on 11/18/2008 12:02:49 PM | reply to this comment | Votes: 1   

I really dont think that the Governemnt or the UAW would allow this to happen. To a German/Japanese/Korean Company yes. To a lead paint toy making, killer baby milk selling group no.

— NItePhire (View Profile)

Posted on 11/18/2008 12:03:18 PM | reply to this comment | Votes: -1   

I really dont think that the Governemnt or the UAW would allow this to happen. To a German/Japanese/Korean Company yes. To a lead paint toy making, killer baby milk selling group no.

— NItePhire (View Profile)

Posted on 11/18/2008 12:04:50 PM | reply to this comment | Votes: -1   

Dude. Click submit comment ONCE.

— holmstar (View Profile)

Posted on 11/18/2008 12:47:37 PM | reply to this comment | Votes: 3   

It would be interesting to see the political response upon hearing that a Chinese company was actively pursuing a merger or out-right purchase of either GM or Chrysler.

— dumpsty (View Profile)

Posted on 11/18/2008 1:14:57 PM | reply to this comment | Votes: 2   

Considering Mr Obama's socialistic tendencies, it could be appreciated by this new gov. . .

— toyfan (View Profile)

Posted on 11/18/2008 2:33:00 PM | reply to this comment | Votes: -1   

However, a bailout might be the lessor of two evils.
It is a decision that is being made in blind faith that a bailout will save them but I'm not so sure it will.
If either of the 3 fall, it could take a lot of things with it.
So the lessor of two evils it has to be.

— toyfan (View Profile)

Posted on 11/18/2008 2:36:29 PM | reply to this comment | Votes: 1   

Will NEVER happen.

— no1listensanyway (View Profile)

Posted on 11/18/2008 9:25:16 PM | reply to this comment | Votes: 0   

This will probably be the only way a Chinese can sell cars in the US's tough quality and safety regulations. Plus, this would mean they can ship all discounted/unsellable American cars to China for sale at good margins. Now that's business!

— woood (View Profile)

Posted on 11/18/2008 10:33:27 PM | reply to this comment | Votes: 2   

Doubt it'll happen, then again, a Dumbocrat is in the White House. UAW practically laying down demands (stating no concessions) is a good argument to let them fail, its not like 1/2 of Ford/GM cars are even made in the US/Canada anymore.

Don't they have more important things to report on like who the next White House chef will be or how Jesus Obama's game is doing?

If Obama says nothing about China being caught in a bribe and NASA espionage case, then why would he care if they purchased something? Figures, Republicans prosecute spies while Bubba Clinton (and soon Jesus) just ignore them.

— huu76 (View Profile)

Posted on 11/19/2008 12:10:07 AM | reply to this comment | Votes: 0