Comments on: Disgraced Duo: China’s SAIC Soon Bigger Than GM And Ford Together

By: netrun

netrun — Mon, 17 Nov 2008 17:06:06 +0000

SAIC would probably be worth a lot more if the Chinese stock market wasn’t down 70% this year.

That whole “decoupled from the American stock market” theory didn’t hold any water, turns out.

I’m still sure that GM and F shouldn’t get bailed out for the simple reason that at market capitalizations less than $5B no one’s interested. If either company was really that well-run, someone would have bought them a long time ago.

By: Bertel Schmitt

Bertel Schmitt — Mon, 17 Nov 2008 16:56:04 +0000

@Michael: The Chinese stock market is down 70% stince Jan.

By: Bancho

Bancho — Mon, 17 Nov 2008 16:46:19 +0000

volvo :

Americans are building Toyota, Honda, Acura, Nissan, Hyundai, Mitsubishi, Mazda, BMW, Mercedes and Subaru vehicles. In that context, your comment doesn’t make sense.

By: Geotpf

Geotpf — Mon, 17 Nov 2008 16:37:10 +0000

autonut :
November 17th, 2008 at 10:51 am

Stock is probably up, because of Levin suggestion to sack Wagoner.

I was thinking it was up on news of the combination of the Suzuki stake sale and the fact that it looks like Germany will bail out Opel.

By: Michael Karesh

Michael Karesh — Mon, 17 Nov 2008 16:18:32 +0000

Actually, what I wonder is why isn’t SAIC worth more?

By: volvo

volvo — Mon, 17 Nov 2008 16:10:59 +0000

Repeat after me:

Globalization and Free Trade helps everyone by allowing work to be performed where skills, productivity and efficiency is greatest.

Americans have moved beyond the dirty tiring work of mining, manufacturing and assembly.

Our skills are of a higher order. Moving symbols electronically from point A to point B.

With Hollywood, Wall Street and Universities to fall back on who needs those other messy polluting industries.

Let me know how it all works out in another 10 years.

By: autonut

autonut — Mon, 17 Nov 2008 15:51:36 +0000

Stock is probably up, because of Levin suggestion to sack Wagoner. If somebody would suggest to sack the whole board, GM will not need bailout.
Ford is down however same 10% that GM gained.

By: Geotpf

Geotpf — Mon, 17 Nov 2008 15:39:13 +0000

Mattel, the makers of really small versions of GM and Ford products (that is, Hot Wheels) is currently worth $4.91 billion. In comparison, Ford is currently worth $4.23 billion, and GM is currently worth $2.04 billion (GM’s stock is actually up significantly (about 10%) so far today).