Will China buy General Motors?
I'm actually pretty surprised we haven't seen this happen yet:
GUANGZHOU, China — The largest state-owned Chinese automakers may be poised to buy assets from General Motors and Chrysler, a government official said here.
According to the Chinese publication 21st Century Business Herald, state-owned companies such as Shanghai Auto and Dongfeng have the intention and the capability to acquire assets from the troubled Detroit automakers. The remarks were attributed to a senior official of China's Ministry of Industry and Information Technology, which regulates the auto industry.
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