SAIC Hongkong Gets 15 Million 150 Thousand Common Shares Of General Motors

In 2009, when GM was bankrupt under the arrangement of the US government, the US government injected $49 billion 500 million into GM to help in return for a 61% stake in general motors.

Since then, GM has been out of bankruptcy after a series of reform and reorganization.

In November 18, 2010, GM returned to Wall Street.

At this point, GM has been making a profit for three consecutive quarters.

GM's latest report shows that the company achieved operating income of $31 billion 400 million in the third quarter of 2010 and a profit of $2 billion 300 million before interest tax, and expects to achieve its first full profit since 2004 in 2010.

Some analysts believe that the Shanghai automobile shares general motors smaller, more is a diplomatic means, symbolic meaning is greater than the actual significance.

General Motors is an important strategic partner of Shanghai automobile.

The successful cooperation between the two sides in the domestic joint venture has been recognized by the market.

In recent years, the cooperation scope of the two major auto companies has been expanding and the level of cooperation has been increasing.

China's auto market is a growing source of profit that GM is increasingly reliant on.

GM said recently that its sales volume in the Chinese market is expected to exceed 2 million targets.