Wow, neato!
Not exactly dealing with the facts there, either. Check this link out: http://factcheck.org/2012/06/is-gm-b...-china-motors/
Twisting the facts does not make them truth.
Twisting the facts does not make them truth.
This is the third forum I've seen this same link on. IMO, the report is very biased.
Here's what I put up elsewhere:
IMO, the report is missing the point.
GM saw an opportunity - to sell a vast number of vehicles to a huge emerging market. Somebody was going to be selling a lot of cars over there, why not GM? How is this any different than Honda, Toyota et al selling their vehicles in the U.S. market and eventually building them here? Don't most of the profits come back here to the U.S.? GM's partnership with the China companies has allowed them to have modern up-to-date vehicles that compete on a world-class level. Without GM the country wouldn't have been able to meet demand, and the cars would have been crap.
GM is investing overseas in China because it's a good business decision, period.
Here's what I put up elsewhere:
IMO, the report is missing the point.
GM saw an opportunity - to sell a vast number of vehicles to a huge emerging market. Somebody was going to be selling a lot of cars over there, why not GM? How is this any different than Honda, Toyota et al selling their vehicles in the U.S. market and eventually building them here? Don't most of the profits come back here to the U.S.? GM's partnership with the China companies has allowed them to have modern up-to-date vehicles that compete on a world-class level. Without GM the country wouldn't have been able to meet demand, and the cars would have been crap.
GM is investing overseas in China because it's a good business decision, period.
And GM has a long history of doing business in China, dating all the way back to the days of Chiang Kai-shek, when Buick cars were driven by the wealthy and ruling class. Even after the Communist revolution, Buicks remained a status car and the government was very anxious to get GM back in China after the relaxation of trade restrictions.


