Quote:
GM Will Import Chinese Built Cars By 2011
May 13th, 2009 by Ross Edwards
Chinese car companies have had a hard time breaking into the U.S. market, but one company will finally be selling Chinese built cars in America in the next few years: General Motors. Fox Car Report is reporting that Automotive News has gained access to a document intended for lawmakers that reveals GM’s intentions to import Chinese built cars and sell them under one of GM’s remaining brands (most likely Buick, which is immensely popular in China).
The leaked report says that GM is planning to sell 18,000 made in China cars in the U.S. during 2011, and then growing that number to 50,000 by 2014.
Wasn’t the justification for GM’s recent bailout loan (which won’t be paid back in full if the company goes into bankruptcy, which it will) that the money would save American jobs? Now that the government has pumped billions into GM, it’s going to stop production in American plants while importing cars from China?
This is just the latest bit of infuriating news coming out of Detroit. GM is closing 8 U.S. manufacturing plants in the near future, while keeping their Canadian and Mexican plants open. Chrysler, which also received bailout loans (that also won’t be repaid) is closing down dealers, while Chrysler financial could hold those same dealers responsible for the loans taken out to finance the inventory and overhead.
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GM Will Import Chinese Built Cars By 2011 | PriceWheels Blog
If they were a private company, I'd say whatever, they can do what they want. But since the U.S. effectively bought stake in these companies under the guise of saving jobs int he U.S., how do they get away with this? Obama is micromanaging everything else in the ****ing companies (he personally changed Chrysler's ad budget) so why doesn't he mind the massive job losses from outsourcing all the manufacturing the company does?
13 May 2009, 07:48 am
GM Will Import Chinese Built Cars By 2011
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