So, GM goes **** up. Toyota or Honda steps in and buys the company.
Bowling Green starts making Corvettes with turbo 4 cyl or 6 cyl engines.
Could this happen?:nono
What would replace the crossed flag emblem?

 

Don't fret - the Z cars are the Japanese Vette. Just glue your emblem on one of them...

 

Not to worry. Toyota will have vettes you have to plug in at night, or every 60 miles and crossed chopsticks will adorn every hood.

 

 

maybe it will make our c4's more valuable

My WWII veteran grandfather would be rolling over in his grave the day GM is owned by an Asian country (company).....

 

Not to worry. Something tells me that GM has absolutely NOTHING Toyota wants. I think the odds of a buyout are small....unless it's pieces of what used to be GM at fire sale prices.

 

toyota would probably finally make a Vette that was built to last and probably style it just as ugly. .

 

Arnie in OT had this one

 

What a sad thought, there have been rumours the Chinese would like to buy GM. I don't know which is worse.

 

Chinese Automakers May Buy GM and Chrysler
By Bertel Schmitt
November 18, 2008 - 22,776 views



Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. [A National Enquirer the paper is not. It is one of China's leading business newspapers, with a daily readership over three million.] The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two crisis-plagued American automakers.” These hints are very often followed with quick action in the Middle Kingdom. The hints were dropped just a few days after the same Chinese government gave its auto makers the go-ahead to invest abroad. And why would they do that?


A take-over of a large overseas auto maker would fit perfectly into China’s plans. As reported before, China has realized that its export chances are slim without unfettered access to foreign technology. The brand cachet of Chinese cars abroad is, shall we say, challenged. The Chinese could easily export Made-in-China VWs, Toyotas, Buicks. If their joint venture partner would let them. The solution: Buy the joint venture partner. Especially, when he’s in deep trouble.

At current market valuations (GM is worth less than Mattel) the Chinese government can afford to buy GM with petty cash. Even a hundred billion $ would barely dent China’s more than $2t in currency reserves. For nobody in the world would buying GM and (while they are at it) Chrysler make more sense than for the Chinese. Overlap? What overlap? They would gain instant access to the world’s markets with accepted brands, and proven technology.

21st Century Business Herald, obviously with input from higher-up, writes that Chinese industry must change and upgrade. China wants their factories to change from low-value-added manufacturing to technically innovative and financially-sound high-value-add industries. Says the paper: “It would be much easier now for strong Chinese automakers to go global by acquiring some assets of their U.S. counterparts in times of crisis.”

Deloitte & Touche sees a trend: “Chinese automakers can start with buying out the OEM projects and Chinese ventures of some global carmakers such as GM and Chrysler.”

The Chinese appear to have bigger plans than an accounting firm can imagine. 21st Century Business Herald acts and writes as if its already a done deal, and the beginning of more to come. “In the coming two years China is likely to see a few of its large Chinese automakers and other manufacturing enterprises set a precedent for achieving globalization by acquiring global companies, just like SAIC or Dongfeng’s possible acquisition of troubled GM or Chrysler.”

Just in case you missed it, the Shanghai Automotive Industry Corporation (SAIC) is China’s largest auto manufacturer. In 1984, the company entered a joint venture with Volkswagen. A decade later, SAIC entered a joint venture with General Motors. In 2007, SAIC bought the Nanjing Automobile Corporation, which had acquired British MG Rover in 2005.

Dongfeng Motor Corporation is a public company, although 70 percent of their shares are reported to be in government hands. They also are one of China’s Big Three. The company has numerous joint venture partners, such as Nissan, Peugeot-Citroen, Honda, and Kia. Dongfeng (which means “East Wind”) was founded at the behest of Mao Zedong himself in 1968.

 

GM owns Saturn though, now lets look at Saturn parts. Hmmmmmm, is it just me or are there certain Saturn parts that are already manufactured by Toyota? Brakes, etc. Now I may be incorrect and if I am I apologize, but it wouldn't surprise me if thats how they were getting parts for cheaper.

 

Speaking of corporate bailouts... I heard on the news this morning that the CEO's of the Big 3 automakers came to beg for a gov't bailout check in their own private jets!!! Talk about brass nuts!

 

This suprises you? These idiots are completely out of touch with the real world. Have you heard any of their "pleading" in congress. I loved it when one senator said " I have no idea what the hell you just said" after the GM clown pucked out some legal jargon his team of lawyers gave him to read. Any businesss owner of any sucessful company employing over 5000 people could step into GM's CEO's spot and in a week find ways to save billions. These guys dont approach it like a "real world" business owner would. Private jets and million dollar bonuses are a "requirement" to them, not an extravagance

 

And I heard that one of them, out of the concern for the economy, said he would be glad to cut his salary in half. Let's see, half of $3.7 million is ???

Makes me sick what some of folks think is "good" for the country.

Joe Johnson
jj@magdana.com

 

The average GM worker makes $78 bucks an hour, Toyota workers make $34 bucks and hour..do the math....unless GM, Ford and Chrysler get smart we are looking at a complete meltdown. The unions have to learn to face realty, They are killing the golden goose.

 

I bet no one in Congress walked there either. Lets not act like they didnt do anything wrong.

 

If a Communist China conglomerate buys GM, that's the end of GM for me. Commie-owned GM would give a whole new meaning to "little, red Corvette."

 

I can see them now......... Corvettes coming with one large fart pipe muffler and oversized wings that look like erector set parts on the tail end direct from the factory. Oh yes, and decals of flames all down the sides.

 

As a comparison, Hammermill Bond was the best copy paper you could buy. International Paper Co. bought out Hammermill, closed all their mills and now still sells "Hammermill Bond" made by IP's papermills. Not the same paper made by Hammermill but a cheap substitute.
A Corvette made by anyone else but GM would be a cheap substitute and would no longer be a world class sports car that challenges the rest of the world's automakers.