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VM is pretty clever sometimes...
Posted by Mark from Toronto (more from Mark from Toronto) on Wed, 30 Nov 2011 06:22:15
In Reply to: rerun?, TML
[Profile/Gallery]
, Wed, 30 Nov 2011 05:12:46
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I think Victor is pretty crafty. When the Chinese tried to jam the 100% deal for only 100M deal down his throat, he knew he needed to buy time so he signed the MOU knowing 100% that GM would decline it. But he needed Pang Da to pay the salaries and do a cash injection to avoid bankruptcy and buy time for Plan B. I suspect that is what is coming together. GM is probably 100% aware of what VM is doing, and is helping him to out play the Chinese at their dirty game. In the end..I suspect the deal will be with Pang Da, Youngman may be gone or a margainal player, and a new 3rd party from the West will emerge. (BMW. VAG, Volvo or a coalition of suppliers).
posted by 169.145.4...
Posts in this Thread:
- Saab Saved?, No Snaab, Wed, 30 Nov 2011 05:00:06
- Re: Saab Saved?, David B, Wed, 30 Nov 2011 07:39:48
- GM will never let the Chinese own Saab, at least, JTMav, Wed, 30 Nov 2011 05:52:34
- rerun?, TML
, Wed, 30 Nov 2011 05:12:46
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