Yesterday, just took office GM chairman and CEO of Exxon ( DanAkerson ) came to Beijing, first with the Chinese media to meet, in addition to some neither painful nor itching to Chinese market and the importance of introducing 20 new models, also brought another heavy message, that is the BMW OPS GT1  plan at the appropriate time to recover by the end of 2009 to sell to SAIC Shanghai 1% stake in GM.

Exxon 's about this statement did not mention the timely and exactly means" when", so whether you really want to buy is still a mystery. But apparently, Shanghai car up just more than a year of Shanghai car 1% of the shares, the future of Shanghai auto and general motors in cooperation in various fields as a bargaining chip.

Shanghai GM 1% equity affects nerve, importance through

When it comes to SAIC 's 1% shares, you might remember. At the end of 2009, Shanghai automotive and General Motors announced a high-profile according to 50: 50 than established" general Shanghai Automotive Investment Company of Hongkong", the new company will buy the original universal India company the equity of 100%, both as a way of investment and cooperation platform, and to the India market as the starting point, to expand the Asian emerging markets. At the same time, general motors and Shanghai automotive agreement, GM held by Shanghai GM 1% stake for $84500000 to SAIC, whereupon the latter will hold a 51% stake in GM Shanghai, achieve absolute holding.

The 1% transfer of shares, at that time was also caused quite a stir. Many critics regard its as domestic car joint ventures of a milepost, because GM hopes to seize the Chinese market and to make the difficult part, showing the general motors and Shanghai automotive good cooperative attitude.

However, even bankruptcy protection in general, it is still considered of interest. In late 2010, SAIC-GM-Wuling an equity transfer to let people see the original general VAG Diagnostic Tool complete SAIC 1% 's true purpose: the SAIC-GM-Wuling the equity of 10%, realized over the years overweight SAIC-GM-Wuling desire.

Shortly afterward, the rebirth of GM in the United States once again IPO listed, SAIC 's $500000000 acquisition of the United States of America GM about 1% shares, once again attracted an uproar in the industry, people also regard the SAIC for the United States of America GM stock acquisition as a milepost, think this is a feat in the automobile industry of china.

The time progress up to this time, everything seems to be in a win-win path. SAIC has Shanghai GM's absolute power, with the United States of America GM's 1% share in profits, share more two cup of a thick soup, also with GM to cooperate in the development of India market, at the same time as SAIC won enough face; and to the United States General Motors, Shanghai GM Wuling 10% shares also to let it in China has gained greater profits ( with Shanghai GM 1% profit in return was a SAIC-GM-Wuling 10% profit, which supposedly SAIC-GM-Wuling profitability than Shanghai GM ), while further expressed with Chinese partners" cooperation"; the SAIC-GM-Wuling or Guangxi local government, they are the Wuling Po Chun brand passenger car project of ground, the automobile industry GDP.

General to recover Shanghai GM 1% equity, is to burn the bridge after crossing it?

However, GM chairman and CEO of Exxon" to be at the right moment, taking back Shanghai GM 1% equity" this word, seems to let people see clearly the general 's true colors, also saw accounted for the absolute power of Shanghai automobile, in the speech right and not what we think absolutely.

If the general did not transfer the Shanghai general this 1% stake to SAIC, GM hopes to holdings of SAIC-GM-Wuling shares a wish that is not so easy. Even the local government of Guangxi to the local automobile industry GDP, realize the Wuling Po Chun project and landing urged general  Bmw Ops , also have to see the big shareholders face saic. There was much news, the local government of Guangxi to promote it and even have made the Wuling brand free transfer to SAIC's ready, just because some people strongly opposed end by general made the transfer of Shanghai GM 1% equity."".

Now if really, SAIC to recover Shanghai 1% stake in GM, that is pair of SAIC Motor a" burn the bridge after crossing it:" achieved his objective, but also the original transaction chip back.