Chinese automaker SAIC may buy GM stake/IPO - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Zabo · 09-20-2010, 10:23 PM

http://www.freep.com/article/2010092...l-Motors-stake

They say a single digit share.. why does this feel like 1984-1985?

motorhead · 09-20-2010, 10:34 PM

This better not happen ,or I will be getting rid of 13 chevy vehicles never to buy one again.

I would sooner have our government own them than China.

a_Username · 09-21-2010, 12:13 AM

Quote:

Originally Posted by motorhead

This better not happen ,or I will be getting rid of 13 chevy vehicles never to buy one again.

I would sooner have our government own them than China.

... :emoticon7:

derklug · 09-21-2010, 12:23 AM

I think that for the Chinese to buy into GM would degrade the value of the shares they had just bought. It would be the last straw for many buyers.

Sax1031 · 09-21-2010, 07:18 AM

This is what I was worried about when the government said they are selling their shares to anyone with money, home or abroad. :(

I can see why the Chinese want to buy it. Buick wasn't axed because it sold so well in China.

motorhead · 09-21-2010, 09:44 AM

Quote:

Originally Posted by derklug

I think that for the Chinese to buy into GM would degrade the value of the shares they had just bought. It would be the last straw for many buyers.

It would sure degrade the value of GM in my eyes. I was planning on buying GM stock when it goes public ,but I don't want to be in bed with china. I can't believe that people get upset when a mustang outruns a camaro ,but this topic doesn't seem to upset anyone. I guess that's why this country is going down the tubes.

Sorry for the rant ,but It's really upsetting to me to see china taking over and nothing is being done about it.

ron10 · 09-21-2010, 09:55 AM

does this mean i will be driving a ricer?

motorhead · 09-21-2010, 09:56 AM

Quote:

Originally Posted by ron10

does this mean i will be driving a ricer?

*The_Blur* · 09-21-2010, 10:11 AM

I'm hoping that any foreign investment is severely limited in the IPO, especially after China's announcement that it may require foreign automakers to share technology with Chinese automakers in order to do business in China.

KKreme15 · 09-21-2010, 10:12 AM

They aren't buying the whole damn company! Just a single digit share, everyone needs to chill

derklug · 09-21-2010, 11:37 AM

Quote:

Originally Posted by The_Blur

I'm hoping that any foreign investment is severely limited in the IPO, especially after China's announcement that it may require foreign automakers to share technology with Chinese automakers in order to do business in China.

Ford can share their VV carb technology with the Chinese, that wouldn't hurt much.

motorhead · 09-21-2010, 02:34 PM

Quote:

Originally Posted by KKreme15

They aren't buying the whole damn company! Just a single digit share, everyone needs to chill

That's just where it starts. Besides how do you know how much they are trying to purchase. GM hasn't even gone public yet.

Plus there are too many people chilling these days which is causing this country to get bought out right from under us.

Berean · 09-21-2010, 02:38 PM

Why would this be any different than before bankruptcy, if the same Chinese company bought a couple million shares?

In a free market, you can't really stop anyone from buying stock in a company.

alrox · 09-21-2010, 02:41 PM

Quote:

Originally Posted by motorhead

That's just where it starts. Besides how do you know how much they are trying to purchase. GM hasn't even gone public yet.

Plus there are too many people chilling these days which is causing this country to get bought out right from under us.

The chinese are financing the debt which allows you personally to prosper. You should be more understanding and thankful of them taking on the burden.

Without the chinese this country would have stagnated in the 70's without any growth except for fraud.

09-20-2010, 10:23 PM	#1
Zabo Gunning for Sixth Drives: '03 ZR2 Blazer Join Date: Sep 2008 Location: Woodhaven, Michigan Posts: 9,358 View My Garage	Chinese automaker SAIC may buy GM stake/IPO http://www.freep.com/article/2010092...l-Motors-stake They say a single digit share.. why does this feel like 1984-1985?

09-21-2010, 12:23 AM	#4
derklug Drives: 12 Boss 302 Join Date: Sep 2009 Location: Grand Rapids, Mi Posts: 1,369	I think that for the Chinese to buy into GM would degrade the value of the shares they had just bought. It would be the last straw for many buyers. __________________ The biggest mistakes in life come when you know exactly what you are doing.

09-21-2010, 10:11 AM	#9
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	I'm hoping that any foreign investment is severely limited in the IPO, especially after China's announcement that it may require foreign automakers to share technology with Chinese automakers in order to do business in China. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

09-20-2010, 10:34 PM	#2
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,849	This better not happen ,or I will be getting rid of 13 chevy vehicles never to buy one again. I would sooner have our government own them than China.

09-21-2010, 07:18 AM	#5
Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	This is what I was worried about when the government said they are selling their shares to anyone with money, home or abroad. :( I can see why the Chinese want to buy it. Buick wasn't axed because it sold so well in China.

09-21-2010, 09:55 AM	#7
ron10 Drives: 2010 2SS IOM L99 Join Date: Jan 2010 Location: LOUISVILLE,KY.. Posts: 7,545	does this mean i will be driving a ricer?

09-21-2010, 10:12 AM	#10
KKreme15 Drives: C6 Z06 Join Date: Jan 2010 Location: Dayton, MD Posts: 1,645	They aren't buying the whole damn company! Just a single digit share, everyone needs to chill

09-21-2010, 02:38 PM	#13
Berean Drives: Truck Join Date: Apr 2010 Location: Home Posts: 2,439	Why would this be any different than before bankruptcy, if the same Chinese company bought a couple million shares? In a free market, you can't really stop anyone from buying stock in a company.