nuke
vimto1
no2liberals
Robert D
Murder of Ravens
Beto Ochoa
swampie
thea
jseedubya
cesarzambrano
epicsurvivorUS automakers are in a tough spot, and prospects for recovery are grim.
What are their options, Bankruptcy? Bailout?
Here is a third option that is getting some attention … the Chinese are planning to buy GM and Chrysler.
China’s 21st Century Business Herald cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.”
Filed under: News and politics Tagged: | 21st Century Business Herald, automakers, business and economy, chicoms, Chrysler, GM, SAIC
I’d rather see them choose any option, but the last one.
I think Chapter 11 is the way to go.
I’d say shut down their factories up north, and start up in right to work states.
I like GM trucks; we drive ‘em for hundreds of thousands of miles and can do the repairs inexpensively.
I agree, Swampie.
I get tired of hearing the same refrain, that U.S. manufacturers don’t build good vehicles.
My last big black Caddy had 300,000 miles on it, and I still regret selling it.