The Chrysler Building
Many people were surprised when The Wall Street Journal published a report in 2019 about the sale of the Chrysler Building. After all, this was one of the most well-known structures in the New York skyline. But the truth is that it hasn’t been in the hands of an American in a long time.
The Chrysler Building
In 2008, the Abu Dhabi Investment Council purchased a majority stake in the company for $800 million. After that, it was bought for more than $150 million by an Austrian company called SIGNA a decade later. This was interpreted as a significant loss upon publication, and it received widespread coverage in financial publications around the world.
General Motors
Did you know that GM is the world’s largest car manufacturer, with plants in over 100 countries? It is a very appealing and profitable business to get involved with because it is one of the largest companies in the industry on a global scale. Despite the fact that Shanghai Automotive Industry Corp does not have complete control over the company, it is completely reliant on it for cash flow.
General Motors
In 1998, the two companies formed a joint venture and began working together. Customers may be unaware that SAIC sells cars under the General Motors brand, but it does. They are two separate companies, with the SAIC headquarters in Shanghai and the GM headquarters in Detroit.
