Tuesday

China Buying Saab from GM ?

Auto News magazine's European publication is reporting that GM is talking to a Chinese company, Beijing Automotive Industry Holding Corp., BAIC, about buying chunks of the Saab business. BAIC is China's fifth largest automaker.

And why not? After all, it was a Chinese company that bought the Bummer. Sorry, I meant to say Hummer.

At this rate, GM will be left building parts for the Chinese companies that it has sold its business to. Meanwhile, China automakers reported their November sales doubled.

And Opel, General Motors' "other" soon-to-be orphaned company, now says it wants to give GM nearly half a billion dollars in annual wage concessions to stay alive.

Folks, GM's struggle to survive is a long way from over with.

Burdge Law Office
... because life's too short to drive a lemon.