View Full Version : Nissan & Renault to buy part of GM?
jesteraver
06-30-2006, 12:29 PM
Story. (http://abcnews.go.com/Business/wireStory?id=2138655)
Captain_Dan
06-30-2006, 01:42 PM
Oh hell no. That would mean that the French government would own part of GM, seeing as they own a bit of Renault.
-Captain Dan
The_Painter
06-30-2006, 02:13 PM
Would that make Nissan domestic or GM import?
Captain_Dan
06-30-2006, 03:45 PM
The line would indeed be blurred.
-Captain Dan
ASTON_MARTIN
06-30-2006, 04:59 PM
Since most of the nissans you buy in america are built there are they not domestic by default?
Captain_Dan
06-30-2006, 07:02 PM
They are simply assembled here, but, for the most part, they are designed and their parts manufactured overseas, therefore they are "imported", at least on the parts level.
The 350Z was conceptualized by an American, I think :cool:.
-Captain Dan
ASTON_MARTIN
06-30-2006, 07:10 PM
Fair comment.
Sd0tphilly
07-01-2006, 12:17 AM
It's 40% of gmc what they wanna buy, most likely they wanna bring more imports ova.
PhoenixRebuilt
07-01-2006, 05:16 AM
I read 20% from some finance website; 10% for Renault and 10% for Nissan. I personally think it is a good move. GM stocks are certainly rising in the anticipation that it is good news...or just in the anticipation that they will be able to buy stocks and then dump them off real quick-like.