Obama’s China Bailout – 70% of GM Cars now Made In Communist China

[edtudo]

Obama’s China Bailout – 70% of GM Cars now Made In Communist China

The issue is more complex. GM did not just become Government Motors, it became China Motors. After $80 billion of taxpayers’ dollars “saved” GM and Chrysler, GM opened a plant in Wuling, China. Research and development for car design was moved to China. Dan Akerson, CEO of GM said in Shanghai, China, in February 2011:



“Seven out of ten automobiles were made outside of the United States. We have 11 joint ventures in China with SAIC and FAW. We operate 11 assembly plants in China, four power train plants in eight cities across the country. We have more than 2,700 dealerships and sales outlets nationwide. We regard our eleven joint ventures as 11 keys to success. Not just in China but globally. Our commitment to working in China, with China, for China remains strong and focused in the future. We are now building out the advanced technology center which will bring our research and development that is centered largely in the U.S.; we are going to diversify that more into China because we think this market is so critically important to the success of our company. GM is a company well established for the future in China.” (May 4, 2012, video clip narrated by Vince Wade, http://www.youtube.com/watch?v=Lvl5Gan69Wo) [video embedded

http://usactionnews.com/2012/08/obamas- ... ist-china/

[attaburnsinhell]

what you fail to realize is that they are building them there to sell them there, not to export back here

it's too expensive to export cars

[buckfan]

That headline is not what he said. He said 7 of 10 (70%) were made outside the United States. Not all those cars are made in China. GM builds cars all over the world; Europe, Australia, South America and Africa. They are the number one car manufacturer and they tend to build cars where they are sold.

Now, if they were building cars in China and exporting them to the US I would join in your outrage.

[Pigasus]

As usual, Mr. edtudo is unable to process information correctly.

[edtudo]

Obama's jobs czar and head of General Electric- a Mr. Jeffery- Immelt is one of the biggest outsourcers on the planet.
GM paid no tax while exporting jobs overseas.

[rich236]

".
edtudo"]

When did you stop Championing this Obama union Bailout that cost 100,000 small business dealership jobs, 100,000 small bondholders their bonds
and the pensions of all the GM office workers for the union workers. --- and the making of the $80,000 chevy Volt they are selling AT $35,000. -- LIKE WHEN..? ...

you love these tax payer funded bailouts THAT YOU PEOPLE SAY GOVERNMENT - JUST DOES IT BETTER ........