Treasury had not yet decided how to handle the question canada

Posted in: Uncategorized- Feb 09, 2014 Comments Off on Treasury had not yet decided how to handle the question canada

GM enters political fray with foreign investors

uk canada goose automaker when it goes public this fall, four people with knowledge of the matter said. uk canada goose

Canada Goose sale At the same time, GM and its advisers are making appointments to meet canada goose outlet legit with sovereign wealth funds over the next few weeks to sound canada goose outlet authentic out their interest in committing canada goose discount uk to buy and hold major stakes as so called investors, one source said. officials have taken a cautious approach to foreign investor participation in the GM IPO because of the possibility of any such investment perhaps by a state funded Chinese automaker in particular to canada goose outlet online reviews trigger a political backlash. Treasury had not yet decided how to handle the question canada goose parka outlet of potential stakes in GM by sovereign wealth funds, a move that would help create demand among other investors, one source said. Treasury declined to comment on preparations for the IPO. retail buyers. Canada Goose sale

Canada Goose Outlet A GM spokesman could not be reached for comment but GM has repeatedly declined to comment on the IPO, citing securities regulations. Canada Goose Outlet

Canada Goose Parka Cornerstone investors typically commit to a relatively large stake to demonstrate canada goose jacket uk confidence in an IPO. In the GM deal, cornerstone investors would likely be approached for stakes of several hundred million dollars canada goose outlet online store review to a billion dollars each, one person with direct knowledge canada goose outlet belgium of the preparations said. Canada Goose Parka

Canada Goose Online The size of the GM canada goose outlet in uk IPO has yet to be determined but estimates range from $10 billion to $20 billion depending on how aggressively canada goose outlet in vancouver the Treasury decides to sell its stake and the strength of the markets. government pumped $49.5 billion of taxpayer money into GM in a still canada goose parka uk controversial bailout that kept the automaker from liquidation but earned it the nickname Motors from critics. Canada Goose Online

Canada Goose Coats On Sale Ahead of November congressional elections, the Obama administration has been working to convince voters that the canada goose outlet online store 2009 rescue packages for GM and Chrysler spared canada goose uk site the auto industry an even canada goose outlet edmonton more wrenching downturn. Treasury is expected to take a loss on the first offering of GM stock although subsequent offerings of the government holdings may be profitable, sources have said. government objects to the move, several of the sources said. Canada Goose Coats On Sale

Canada Goose online In its informal contact with GM, SAIC has expressed an interest canada goose outlet winnipeg address in acquiring a digit ownership stake less than 10 percent in GM, one person with knowledge of the discussion said. securities regulations regarding disclosure, none of those involved in the discussions could be named. Canada Goose online

canada goose store SAIC Chairman Hu Maoyuan has said that the Chinese automaker had not Canada Goose Outlet made any decision about a GM investment and would seek a arrangement, canada goose outlet uk sale a spokesman for the automaker said. government, SAIC has been tentative in its approach to the GM deal because its first major overseas investment turned into a costly distraction, one source said. canada goose store

canada goose uk shop In a deal struck during its slide toward bankruptcy, GM canada goose outlet website legit sold a 1 percent ownership stake in Shanghai GM to joint venture partner SAIC in exchange for the help of the Chinese canada goose outlet phone number automaker in securing a $400 million line of credit. canada goose uk shop

canada goose clearance sale That deal gave SAIC a controlling 51 percent stake in Shanghai canada goose outlet new york GM. The two companies are also allied in a joint venture targeting the Indian market, and SAIC is a partner with GM in a third joint venture with Wuling to make small vans and work trucks in China. canada goose clearance sale

buy canada goose jacket cheap China emerged canada goose outlet florida in 2009 as the world largest auto market, overtaking the United States. buy canada goose jacket cheap

canada goose coats on sale In the second quarter, GM sold 586,000 cars in China through its joint ventures compared with 708,000 Chevy, Buick, GMC and Cadillac models in North America. canada goose coats on sale

buy canada goose jacket GM said this week it expects to sell 10 to 15 percent more vehicles in China next year, growth that would give it sales of more than 2 million vehicles.[ID:nTOE68G01Z] (Reporting by Kevin Krolicki in Detroit, Clare Baldwin in New York, Fang Yan in Beijing, Soyoung Kim in New York and Philipp Halstrick in Frankfurt; Editing by Gary Hill) buy canada goose jacket.

Comments are closed.