Beijing Opera, Act 2345: SAIC Doesn't Want Vauxhall Et Al
Isn’t it nice when you go to an opera and know exactly what will happen next? And so it happened again: SAIC denied a report that it is interested in buying GM’s Vauxhall and Opel brands, reiterating that it has no plans for foreign mergers and acquisitions, the Shanghai Securities Journal said via Gasgoo.
GM China—and by extension SAIC— had already said bu yao (don’t want) in reaction to media reports that GM would sell to its Chinese partner, SAIC, the Buick brand or the exclusive rights to use this brand in China.
What does it mean? Nothing.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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Gosh, I have to admit surprise.....
"No" means, "It is polite to ask me again later because I'd be a fool to buy this at the current inflated price when my competitors know that they can buy it for less money at a later time."