General Motors expands in China

[pampango]

Source: BBC

"General Motors has signed up to a 2bn yuan ($293m; £180m) joint venture with the Chinese state-owned carmaker FAW to make light trucks and vans.

The vehicles will initially be sold in China under the FAW brand, but could in future be exported under the GM brand. "

"GM sold 818,442 vehicles in China in the first six months of 2009, compared with 1,094,561 in the whole of 2008."

"GM has recently emerged from bankruptcy protection in the US and has seen its sales fall year-on-year in most of its Western markets, so China is a key area of growth."

Read more: http://news.bbc.co.uk/2/hi/business/8229353.stm

[Deja Q]

1. Why did our tax dollars go to bail them out?

http://www.economicpopulist.org/content/gm-offshore-out...
http://www.articlealley.com/article_193949_31.html
http://www.manufacturing-today.com/content/view/806/81 /
http://www.informationweek.com/blog/main/archives/2005/...
http://www.usatoday.com/money/economy/employment/2004-0...

2009, 2007, 2005, 2005, 2003 respectively.


They keep offshoring more and more (mostly to inflate the CEO's wallet and nothing more) and then whine they're in trouble, likely because of poorly made products? (I can't blame the workers when it's the people at the top, called "management" or "executives", that tell the workers what to go do with themselves.)

General Mush did not deserve to be bailed out.

They can sell what they want, but they don't need our taxpayer funds to help them. Like republicans say, "pull yourself up by your own bootstraps". (oh, wait, that's just for workers. Big companies, despite having "corporate personhood", get every benefit and cheat on the books and then some...)

[oct2010]

3. Do the unions plan to cross the ocean and organize ?

or is China running the show

[SmileyRose]

2. Smart move

that's where the money and demand are.

Importing Chinese made cars to the US in another matter though.

[Blandocyte]

4. Fuck GM

they should be making the cars here and selling them there. Don't fukkin cry to me about shipping costs. Eat it.