China just bought a $500 million stake in Chevrolet and other foreign investors that are interested include several sovereign wealth funds located in the Middle East and Asia. The Journal says those funds, which manage the finances of royal families and some nations, could invest $1 billion in GM's IPO.|||They are building most of the "American made cars" in other countries anyway! So I really don't understand why this would surprise anyone. We are selling off our natural resources to foreigners also. It's all part of a plan of some kind that our government approves of.|||That $500 million stake is only 1% and is by Chinese automaker SAIC which is GM's partner in China. GM 's Nov. 18 stock offering will reduce the U.S. Treasury's stake in the company from 61 percent to 43 percent, and will help payback the more than $50 billion that taxpayers invested in GM to keep it from collapsing. More stock offerings will happen in the next year or so, letting the government fully divest from the automaker. The U.S. Treasury has been clear that international investors are welcome to invest in GM, and many outside the U.S. are considering taking stakes in the company.|||I am not inclined to buy any GM product because it is owned by the government. I would be even less inclined to buy anything owned by the Chinese. I think this administration is just inviting China to take over the US because they already own a sizable portion of the US debt and it is getting worse. I am Ford all the way. It's all I drive.|||I think taking their money to make American cars is just fine.
Especially if there is a dramatic increase in design quality over the trash they have been putting out for 50+ years.|||I think EVERYTHING is going to hell in a handbag as the old adage says.|||at least the Chrysler Corporation does business with Italian automakers
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