Wednesday, June 03, 2009

GM's gas-guzzler now China's new ride

On June 3, 2009, Dr. Wenran Jiang was quoted by the Globle and Mail on a likely acquisition deal by a Chinese firm over the Hummer division of troubled General Motors Corp.

Dr. Jiang said the deal is all about China buying a recognizable consumer label – just as in 2004 Lenovo bought the rights to ThinkPad notebooks and other personal computer technology from IBM. He remarked that this is the automobile industry's equivalent of the IBM deal.

You can read the article here.

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