I used to joke they were made by commies
But I had no idea they really would be:
General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond the China market, the sources said.
I’ll never own a GM product again because of their bailout money but the Cadillac CTS-V looks pretty damn awesome. A four door sedan that can do zero to sixty in 3.9 seconds. Cool.
November 12th, 2010 at 12:02 pm
The test of performance in a sports sedan isn’t measured in a straight line. What are it’s lateral “G” numbers?
November 12th, 2010 at 12:26 pm
I’m pissed at gm not for the bail out so much as the fact all the bond holders got totally screwed in order to give the union a bone. The bond holders should have majority ownership, and instead got nothing. Shareholders are supposed to take the risks, not bond holders.
November 12th, 2010 at 12:54 pm
The Chinese haven’t been communists for a long time.
November 12th, 2010 at 1:42 pm
Lateral Gs speak a lot to tire quality as much as anything–lateral and longitudinal weight transfer and the ability to put power down coming out of a corner and brake late is what really matters. LatG is just a part of that equation.
November 14th, 2010 at 4:03 am
Ford didn’t take the bailout money that one time and there doing the best of the three.