Chinese car makers SAIC And Dongfeng Intend To Buy GM.

By Bertel Schmitt (the Truth about Cars blog)
November 19, 2008
The story that Chinese SAIC and Dongfeng are thinking (aloud) about buying GM or Chrysler, or maybe both, created a firestorm on both sides of the no longer so Pacific Ocean. Just in case someone still thinks it’s a fluke, the Chinese media is chockablock full with the story. It’s all in (duh) Chinese, but trust us: From mass-outlets like Sina.com all the way to the government-owned Autoinfo.gov.cn, their headlines shout (in Chinese: ) “SAIC and Dongfeng intend to buy GM.” As far as more substance to the story goes, there’s nothing to report.

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