mikethebike
Member
News flash - sometimes companies buy other companies with no expectations of making money. They buy them for intellectual property rights, patent rights, engineering plans, etc. They transfer ownership of patent rights and other items to the parent company, and then they sell the company, or sell off the pieces.
What they were doing was trying to buy their way into the luxury car market. They lost more than $10 billion on them...now please...tell me exactly WHAT they got for their money that will ever be worth that kind of money?
And it was someone else who started the Chevy comparison.