June 3, 2009
In an effort to avoid duplicating a Chrysler-like bankruptcy, General Motors and Ford are trying to sell two of their marquee assets — Saab and Volvo. According to numerous news reports, Chinese firms are among the top bidders. In the end, however, there may not be enough good stuff in either of these two brands for the Chinese to do more than express interest.
Gallagher, Kelly Sims. "China to the Rescue?" Foreign Policy. June 3, 2009.