Law and Rights
Auto News magazine's European publication is reporting that GM is talking to a Chinese company, Beijing Automotive Industry Holding Corp., BAIC, about buying chunks of the Saab business. BAIC is China's fifth largest automaker.
And why not? After all, it was a Chinese company that bought the Bummer. Sorry, I meant to say Hummer.
At this rate, GM will be left building parts for the Chinese companies that it has sold its business to. Meanwhile, China automakers reported their November sales doubled.
And Opel, General Motors' "other" soon-to-be orphaned company, now says it wants to give GM nearly half a billion dollars in annual wage concessions to stay alive.
Folks, GM's struggle to survive is a long way from over with.
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- Saab - It Ain't Over Yet, Folks. 70 Million Rolls In At Last Minute
The Swedes aren't doing it the way US government officials did. Their government isn't rushing to the aid of Saab with a taxpayer bailout. Instead the company is forced to scramble to find money in the marketplace to stay in business. No...
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GM is building a new four door sedan aimed at the middle class. But it's not for everyone. In fact, you can't even buy it in the United States. If yo live in China, you can buy the new Baojun 630, a $7,000 four door sedan set to go on sale early...
Law and Rights
China Buying Saab from GM ?
Auto News magazine's European publication is reporting that GM is talking to a Chinese company, Beijing Automotive Industry Holding Corp., BAIC, about buying chunks of the Saab business. BAIC is China's fifth largest automaker.
And why not? After all, it was a Chinese company that bought the Bummer. Sorry, I meant to say Hummer.
At this rate, GM will be left building parts for the Chinese companies that it has sold its business to. Meanwhile, China automakers reported their November sales doubled.
And Opel, General Motors' "other" soon-to-be orphaned company, now says it wants to give GM nearly half a billion dollars in annual wage concessions to stay alive.
Folks, GM's struggle to survive is a long way from over with.
Burdge Law Office
www.NewCarLemonLaw.com
... because life's too short to drive a lemon.
Subscribe in a reader- Saab - It Ain't Over Yet, Folks. 70 Million Rolls In At Last Minute
The Swedes aren't doing it the way US government officials did. Their government isn't rushing to the aid of Saab with a taxpayer bailout. Instead the company is forced to scramble to find money in the marketplace to stay in business. No...
- Chinese Buy Control Of Saab - Well, They Own Everything Else Already Anyway, Right?
Swedish car maker Saab has been struggling for months to survive - in fact, ever since GM dumped them after the GM bankruptcy - and things are still shaky, but now there's a white knight investor to the rescue. Well, actually a Chinese knight, sort...
- For Saab, What's Behind Door #2? Or Is It #3? Survival?
Cash-shy Swedish carmaker Saab is still out panhandling it seems, but maybe things are looking more hopeful. After the Russian banker (Vladimit Antonov) fell through, after the Chinese company (Hawtai) didn't happen, now they're on to "door #3"...
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Gm's New $7,000 Car - But You Can't Buy It
GM is building a new four door sedan aimed at the middle class. But it's not for everyone. In fact, you can't even buy it in the United States. If yo live in China, you can buy the new Baojun 630, a $7,000 four door sedan set to go on sale early...