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that would be a stupid plan...
Posted by Mark from Toronto (more from Mark from Toronto) on Fri, 20 Nov 2009 22:25:39
In Reply to: Fasciniating -- kill Saab to save GM China?, Pete Saab 9-7 9-3, Fri, 20 Nov 2009 14:16:41
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If the Chinese perceive GM is killing Saab to hurt a Chinese company, what would GM then expect to happen to it's access to the Chinese market? It's possible BAIC could buy Saab lock stock and barrel, then GM would be in a bigger bind. GM really has 2 choices here, either sell Saab or keep it. It has done too much damage to keep it at this point. The lawsuits would fly for years... so it can only fight a delaying action to some degree. The EU is not going to let a major company fail, they will approve it and review later. They are not dummies, they realize time is very tight.
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