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Originally posted by groingrinder
There are approx 32 million adults in America. This money could have paid every adult in America $343,750.00. And it would have had better effect.
Chinese automaker SAIC, GM's partner in China, is finalizing plans to buy a roughly 1 percent stake, worth about $500 million, in GM's IPO, the Wall Street Journal reported Friday. SAIC is owned by the Shanghai city government.
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.
Originally posted by mtnshredder
reply to post by FlyingJadeDragon
If that is the case, then no more unions, no more high wages
How would you have no more high wages when you still have CEO's and their Brass
Originally posted by gift0fpr0phecy
I hate to ruin your GM bashing topic... but... GM already paid off the government loans (bail out). All the investments they make now is with their own money.
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