There is already $60 billion worth of orders for the GM IPO. The tremendous demand indicates that the pricing on the IPO was set too low.
Continue reading Demand for GM IPO: Was the Price Set Too Low?
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General Motors plans to raise its stake in a joint venture that manufactures small passenger vans for the Chinese market.
Continue reading General Motors Boosting Stake in China Joint Venture
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Profit tumbled 99% at BYD, a Chinese auto company that makes electric cars. Warren Buffett’s Berkshire Hathaway holds a 10% stake in the company.
Continue reading Buffett’s China Car Project Drives Into Trouble…
China’s SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM’s stakeh…
The Treasury Department has said that the GM IPO would be open to investors from both inside and outside the U.S. One of the largest car companies in China, SAIC, had already expressed interest.
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