China's third largest automaker Dongfeng Motor has no intention to acquire the troubled General Motors, reported Securities Daily yesterday, citing a publicity officer of the company.

Although Detroit automakers are struggling to avoid bankruptcy in America, the auto giants General Motors (GM) and Chrysler LLC are seeking to expand their Chinese market, Shanghai Securities reported, citing announcement of American auto industry and components supplier information.

Some Congressional staff and some car company executives understand that pre-packaged bankruptcies of GM (GM) and Chrysler may be the only effective ways of saving the companies.

Dongfeng Motor Group Co., Ltd., a leading automaker in China, is seeking to acquire at least some assects of General Motors (GM) through contact with financial advisors close to the US auto giant, SinoCast reported today citing unnamed sources.

The US Big Three automakers are meeting with Congress on December 2 with recovery plans for a $25 billion government loan. The struggling big three also aroused great concerns of Chinese automakers and consumers, reflected most in GM’s joint venture in China.

Shanghai GM, the joint venture between China’s SAIC and General Motors (GM), will continue to increase investment despite the troubled U.S. auto giant General Motors amid financial crisis, peplenet.com said today, citing SAIC vice president and Shanghai GM general manager Ding Lei.

An automotive commentator in Australia said it would be ideal for GM's Chinese partner, Shanghai Automotive Industry Corp (SAIC), to buy GM-Holden as its crippled American parent General Motors fights for survival, according to a report from the Herald Sun.

Auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, may buy some assets of the two crisis-plagued American automakers General Motors and Chrysler LLC, Zhang Xiangmu, director of China's Ministry of Industry and Information Technology - the state regulator of China's auto industry - told reporters recently. Gasgoo reporters asked some sources to confirm the news today.

Under the sway of the global financial crisis, the U.S. auto giants General Motors and Chrysler LLC are tottering on the brink of collapse. Japan's Toyota Motor was previously rumored to buy them out, but now Chinese carmakers SAIC and Dongfeng are also said to have plans to acquire the two U.S. auto companies, reported the 21st Century Business Herald today.

China is still General Motors' most important market in the world. Its Chinese venture Shanghai GM announced yesterday that it will launch more than 20 new car models to the Chinese market in the coming three years, and three heavyweight models will go on sale in China as part of GM's 2009 growth strategy.

U.S. lawmakers are considering ways to help America's struggling auto industry, which has suffered from rising fuel costs and the shrinking economy.

General Motors' passenger car venture in China is recalling 209 MY2009 Cadillac CTS vehicles in the country to fix potential problems with airbags, China's quality supervision body, the General Administration of Quality Supervision, Inspection and Quarantine, said late on Friday.