China Considers Buying Distressed U.S. Automakers

Huliq News
November 20, 2008

Under the sway of the global financial crisis, the U.S. auto giants General Motors and Chrysler LLC are tottering on the brink of collapse. Japan’s Toyota Motor was previously rumored to buy them out, but now Chinese carmakers SAIC and Dongfeng are also said to have plans to acquire the two U.S. auto companies, reported the 21st Century Business Herald today.

http://www.huliq.com/3169/73122/saic-dongfeng-said-buy-gm-chrysler-assets


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