China May Buy GM and Chrysler

http://www.thetruthaboutcars.com/breaking-news-chinese-may-buy-gm-and-chrysler/ ^

[MittFan08]

I am strongly against a bailout of GM, but I sure don't want to see the Chinese buy it either. They would probably just drive it into bankruptcy themselves and steal our technology to build their own cars in China. Plus, just the basic notion of China owning GM is something that doesn't sit well with me. I assume the government has the ability to stop something like this from happening.

[2banana]

Hey - what is wrong with Ford? Maybe they are strongest of the big three and would command the highest price.

[Steve Van Doorn]

I think this is a great idea. Let the Chinese buy them. Chinese know how to deal with Unions.

[teletech]

Very interesting timing on this article. The prospects of a bailout aren’t going well and all of the sudden this appears.

[lonestar]

What would the Chinese do with unions?

[MittFan08]

I got a laugh out of this comment to the article:

Usta Bee :
November 18th, 2008 at 1:06 pm

I can picture it now, a remake of The Dukes Of Hazzard with a Chinese flag on the roof of the new “General Mao” !. :)

[stboz]

Just imagine! Cars made from melamine and lead and lubricated with toxic waste.

Thanks union thugs.

[SERKIT]

If the first $250B is used and they get the second $250B, it will tank the national debt and China will own it all anyway. Let's take out the middle-man (us) and let China buy out the Big Three. Go big or go home!

[Para-Ord.45]

The USA is bankrupt.

The fire-going-out-of-business stock sale is now.

Look for a huge rebound in the DIA as the USA is sold,lock stock and barrel.

[Bean Counter]

If the Chinese want to buy Chrysler and burn their money up trying to make it run the way it is right now, they can be my guest. Even this doesn’t warrant giving GM or the UAW any of the taxpayers money either as grants or loans because they can repay neither.

[gotribe]

I’m not sure how to write this in mandarin, but as far as I’m concerned, let the chinese in. Leave it to the Japs to duke it out with them.

[Sun]

I don’t like bail outs, but it might be the lesser of the evils.

Plus, what’s wrong with GM and Chrysler filing for bankruptcy?

[D-fendr]

What would the Chinese do with unions?

Show them how real communists do it?

[MittFan08]

“Very interesting timing on this article. The prospects of a bailout aren’t going well and all of the sudden this appears.”

I agree. I was looking forward to the union contracts to be busted in bankruptcy. But I will say this: IF this is a legitimate threat and if it really going to happen, I might have to reconsider my position on the bailout. As much as I hate union workers, at least they are Americans.

[Dawn531]

They’d have the union members read Mao’s Little Red Book, and if that didn’t solve the problem, they’d send them to reeducation camps. /sarc

[EGPWS]

Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today.

Has the UAW hit China yet?

If not it may be a winner for all.

If the UAW has hit China however, the communistic connotations because of it may stifle China's freedom to acquire GM and Chrysler. ; )

[D-fendr]

Plus, what’s wrong with GM and Chrysler filing for bankruptcy?

Nothing. It's what they should do. But won't.

[ohiogrammy]

Amen, and most of it happened under a Repub president. What in the hell has been going on under GW’s watch besides a horrible Dem Congress?

[mrsmel]

Exactly my first thought. I fully believe that’s exactly what’s going on. And they’ll try the same tactics on the next bailouts we oppose.

[PGR88]

The Chinese would not touch the Big 3 with a ten foot pole.

The political issues and implications from the ownership of major US brands to dealing with the UAW are just too much for them to handle.