US "ENCOURAGING" SAIC TO SEEK CONTROLLING INTEREST IN GM DESPITE SECURITY RISK http://ow.ly/2I4sq http://slidesha.re/4F8lWe
Detroit, MI, September 21, 2010 (PressReleasePoint)-- UPDATE: eMOTION! REPORTS.com
sources are advising that officials within the US government, despite strong objections voiced by representatives of both CFIUS (Committee on Foreign Investment in the United States) and the Department of Defense (DoD), are "encouraging" China's SAIC to take a controlling interest in GM, with the intent of neutralizing its near-USD 50bil interest.
"Compromising national security", said a source who asked not to be identified as they were not authorized to speak on the adminstration's behalf, "in the interest of 'balancing the budget' with a Communist, dictatorial regime identified by the ANNUAL REPORT TO CONGRESS: Military and Security Developments Involving the People’s Republic of China 2010 as a clear and emergent 'threat' is not wise. It is our hope that wiser minds will prevail, considering the outcome in pursuing this course is decidedly ominous."
China's core aspirations to dominate the world's auto industry - and by natural extension, manufacturing as a whole - has been outlined with specificity by eMOTION! REPORTS.com
, as evidenced by its December 2009 release 'GM's Transition to China"
Publisher Myron D. Stokes stated that "It is our understanding several members of the original GM Task Force have been, and are, acting in the interests of China and not the US. We believe that the data presented in the December release and other analyses presented over the years, supports this contention." -
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