It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
NEW YORK (CNNMoney.com) -- GM could one day be Chinese owned.
A shocking concept for the ultimate all-American company, but one some auto industry experts say isn't too far-fetched.
"I can tell you right now the Chinese are shopping heavily in the U.S. auto sector," said David Cole, chairman of the Center for Automotive Research, a Michigan think tank.
Cole said such a deal isn't imminent and wouldn't happen until GM starts selling shares to the public, likely a year or more from now. But he says buying GM would be a major opportunity for the nascent Chinese auto industry.