CHINA MAY BUY PART OF GENERAL MOTORS

Aren't you glad that we bailed out GM and that our great, great, great, great grandchildren will still be paying for it?

"General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said.

The two government-funded automakers are currently finalizing how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC's ambitions to move beyond the China market, the sources said."
Reuters