The Chrysler Building
Sometime last year, there were plenty of shocked readers who opened one month’s edition of The Wall Street Journal to see a special on the Chrysler Building’s new owners. Being almost as iconic within America as the Statue of Liberty, its citizens were completely unaware that they were no longer the historical building’s possessors any longer. The Abu Dhabi Investment Council paid $800 million to become the majority owner in 2008. SIGNA, an Austrian business, then came in ten years later with a new bid of more than $150 million. Financiers and ordinary people around the world lamented this tragic pawning of American culture.
The Chrysler Building
General Motors
You might not believe that one of America’s biggest automobile producers, and one of the world’s most well-established car manufacturers, has changed into foreign hands. Well, not entirely, as the Shanghai Automotive Industry Corp left some control to the American branch. It was in 1998 that the two powerhouses joined forces. Amazingly, SAIC covertly peddles vehicles under the General Motors name! Regardless, there is still some firm differentiability between General Motors and SAIC, with respective headquarters in Detroit and Shanghai.
General Motors
