?GM likely to sell Saturn brand to China's SAIC? [Archive] - China Car Forums

: ?GM likely to sell Saturn brand to China's SAIC?


Pig Iron
04-16-2009, 10:45 AM
Perhaps old news.. back in December any potential sale was suspended pending 'bailout' - now talks begin anew..

Admin - please delete if not appropriate to this section of forum.

Thanks!

BigFatGuy
04-16-2009, 11:16 AM
Interesting.

Since Saturns are rebadged Opels, would they get Opel too...?

Pig Iron
04-16-2009, 04:04 PM
Interesting.

Since Saturns are rebadged Opels, would they get Opel too...?

Maybe Tata.. pure speculation of course.. the below is from Business Week article of 22nd February 2009:

The last hope to stop General Motors Corp.'s wounded Saturn brand from falling out of the solar system appears to rest with some unknown automaker building cars for the dealers to sell.

GM said in its restructuring plan presented to the U.S. government Tuesday that it will only keep Saturn running through 2011, but it's open to the possibility of spinning off the money-losing brand to retailers or investors. It's one of many tough steps the Detroit automaker says are necessary as it seeks a total of $30 billion to ride out the worst sales slump in 26 years.

Chinese and Indian automakers, which have made noise about entering the U.S. market, would be the most likely suppliers, but GM says it hasn't had any discussions with them, and Indian automakers either expressed no interest or wouldn't comment.

:)

Admin
04-16-2009, 08:12 PM
the media is saying its a private investor group interested in GMS Saturn brand,

i didnt hear anything about the chinese being interested

Pig Iron
04-16-2009, 08:52 PM
sad...

perhaps with the economy of usa/china is to understand.

then, saying is where there is great danger there is great opportunity..

in time to come, North America