SAIC shares "Nurse"

With the addition of China's SAIC, GM's IPO in the US, the largest in history, has also left China with a layer of concern. In a sense, a new IPO is a sign that GM is completely out of bankruptcy protection.　　More importantly, as the 2008 global automotive industry under the impact of the economic crisis of the representative enterprises, GM also basically means that the economic crisis to the Chinese enterprises to "copy the bottom" opportunity to go back. Over the past two years, the overseas copy has become a hot topic in the media, there is a big discussion about Geely's acquisition of Volvo, but also the uproar over the acquisition of Hummer, BAIC has proposed the acquisition of Opel Plan, is also considered a "rare opportunity."　　But the majority of these cases, in addition to Geely's eventual takeover of Volvo, have now been discussed as being successful.　　From gaining a 51% per cent stake in Shanghai GM, teaming up with GM to open up the Indian market, jointly developing small cars and power systems and new energy vehicles with GM, and buying a stake in GM, SAIC has become a handful of winners in the economic crisis.　　Frankly, if there is an economic crisis, even if GM is already because of the product line and other reasons, such as "weak", such a chance will not be SAIC. Compared to Geely, known as the domestic most profitable, cash flow of the most abundant SAIC, its "bottom" behavior appears rather cautious, but also step-by-Step into the international auto giant General's blood.　　Behind this, in fact, the integration of SAIC's desire for internationalization, but also more layers of game color.　　On the face of it, SAIC has maximized its interests, got the international appeal it wanted, and became the first company in China to take stakes in the world's largest auto giants, wiping out the shadow of a failed takeover of the South Korean Ssangyong.　　But in close view, it is obvious with the general game traces. General withdrawal joint venture company 1% Equity, in exchange for the FAW joint-venture Light commercial vehicle project, and finally backed by SAIC, FAW, the two big Chinese car group of the tree to cool the shade; Through the joint projects with SAIC, the big shareholder SAIC's nod to achieve the annual sales of up to 1.2 million of SAIC-GM Wuling's overweight　　And by leveraging SAIC's stake in the IPO, GM won the "China Concept" of the world's largest auto market, attracting more investors. So, as SAIC chairman Hu Maoyun said, SAIC's partnership with GM is indeed a model for the domestic and global automotive industry.　　The significance of the model is that in a marriage of interest, both parties finally realize the maximization of their respective interests through the game. However, SAIC is still cautious, with only 1% of its shares showing SAIC as a financial investor alone, looking at SAIC's $500 million stake in the GM IPO.　　As one veteran auto industry has said, a stake, not just the financial returns, but also the right to know, opens up a window for Chinese automakers to learn more about the workings of international car companies. The reason why SAIC is cautious is understandable. After all, GM's $33 trillion price is "fried".With nearly 500 million dollars worth of about 1% equity estimates, GM is worth as much as $50 billion trillion.　　In the first half of 2010 Ford was about the same as GM's, but Ford's profits were twice times that of GM, compared with Ford's $42 billion trillion, according to the relevant financial statements. In particular, GM, in the 17 months from bankruptcy to a new IPO, saw no movement to build a core competitiveness system except to divest its debts and sell some of its brands. Such a quick Renaissance is more a government push and an investor's thirst. It has been questioned that GM's IPO was premature because it was not really resurrected. As Wu Yitiu, a veteran auto industry, says: "Instead of focusing on how much money the general IPO raises, it's better to rethink why GM went bankrupt." "Also because of this, SAIC shares GM, rather than optimistic about the future of GM, rather than optimistic about their future in general, because there are too many likely to happen, today is to join forces to open up the Indian market, perhaps tomorrow is to jointly develop the European and American markets."　　In this way, the SAIC stake in GM into the entire automotive industry, it appears to be far-reaching, is a smart "copy bottom." And back to the entire crisis triggered by the global automobile industry turmoil, in fact, this gives the Chinese automobile industry a good reference.　　After all, China's auto companies have not experienced a real test of life and death, the risk does not deeply feel, and foreign auto companies in the Hundred Years of history, most of the "dead" many times, exercise a strong viability. It has been predicted that the size of China's auto market may be 40 million ~5000 million, even if the independent brand can account for half of the 20 million ~2500 million, can feed up to 4~5 5 million ~600 million scale enterprises (internationally considered competitive scale), Many enterprises may be merged or eliminated in the future. Now, the situation in the international auto market is that it is recovering from the economic crisis and that competition is about to start again. Economic crisis is not often, and then there is a crisis may come from our own, now to the Chinese car companies to exercise the viability of the time.