Could General Motors could become a Chinese-owned company?
With firms like Anhui Cherry already showing at the Detroit Auto Show, and China's obvious desire to be a major global player in the auto market, people are starting to wonder if we are about to see a big 3 auto maker be purchased in whole/ part by a Chinese firm looking to expand. Rumors are swirling that Chinese car makers SAIC and Dongfeng have plans to acquire GM and/or Chrysler. While a more likely path is for a Chinese company to acquire a division of one of the big three, there still remains a possibility that they buy out the entire firm.
With firms like Anhui Cherry already showing at the Detroit Auto Show, and China's obvious desire to be a major global player in the auto market, people are starting to wonder if we are about to see a big 3 auto maker be purchased in whole/ part by a Chinese firm looking to expand. Rumors are swirling that Chinese car makers SAIC and Dongfeng have plans to acquire GM and/or Chrysler. While a more likely path is for a Chinese company to acquire a division of one of the big three, there still remains a possibility that they buy out the entire firm.
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