• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

GM: To Step Up Imports Of Chinese Built Autos?

Mike

Well-known member
Looks like Hillary's promises to China that we will keep their economy afloat (at our expense) is coming true....................

Chinese imports could bring GM political troubles


May 13, 11:59 PM (ET)

By TOM KRISHER

(AP) Clarifies that some models of the five brands are imported. Graphic shows GM imports


DETROIT (AP) - As thousands of General Motors workers await word on more U.S. plant closures, reports that the company plans to import Chinese-made vehicles to the U.S. have created a political problem for the automaker and the White House.

The reports, which GM will neither confirm nor deny, could mean trouble because GM is supported by $15.4 billion in U.S. government loans, largely due to the Obama administration's desire to preserve the company's 90,000 U.S. jobs.

The United Auto Workers charged last week that the Detroit automaker intends to almost double over the next five years the number of vehicles it imports to the U.S. from Mexico, South Korea, China and Japan.
 

hypocritexposer

Well-known member
Daimler-Chrysler is exploring manufacturing cars in China for import back into the United States

This news comes amid the company's "Valentine Day Massacre" announcement yesterday of more closings of U.S. auto plants and a further layoff of nearly 13,000 workers, some 16 percent of the company's workforce.

Structural trade advantages in China, including cheap labor, a government-subsidized currency and a Value Added Taxation policy that rebates the tax on Chinese exports are driving auto manufacturing from Detroit to Beijing.

"The margins on small cars are so thin that the venture requires a low-cost source," he said. "It's no different than General Motors importing their Aveo from Korea. You can't make money in the North American market with a North American-produced vehicle."
 

MoGal

Well-known member
Yep, give the bankers trillions, and do away with employee unions so everyone is peasants..... when Americans start making chinese wages, who they gonna sell them cars to? How many $15-$20 hour jobs have been exported and those folks are now finding $8-10 hourly jobs. I'm sure they'll be buying new cars...... :roll:
 
Top