The Chrysler Building
When The Wall Street Journal reported on the sale of the Chrysler Building in 2019, many people were taken aback. After all, it was one of the most recognizable towers in the New York skyline. But the reality is that it hasn’t been in the hands of an American in a long time. The Abu Dhabi Investment Council purchased the bulk of the company for $800 million in 2008. A decade later, it was purchased for more than $150 million by SIGNA, an Austrian business. When the news broke, it was viewed as a massive loss that made headlines in a variety of financial publications throughout the world.
The Chrysler Building
General Motors
Did you know that General Motors is the world’s largest automotive manufacturer? It is one of the world’s largest firms in the sector, making it a very enticing and successful venture. Despite the fact that it is not entirely controlled by Shanghai Automotive Industry Corp, it continues to rely on the Chinese firm for funding. In 1998, the two firms formed a joint venture. Customers may not realize it, but SAIC sells automobiles under the GM banner. In any case, they are two different businesses, with the SAIC headquarters in Shanghai and the GM headquarters in Detroit.
General Motors