General Motors (GM +3.4%) says a new passenger car production base at a new plant in China under...

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wyostocks Comments (5338)
 
I just get such a huge thrill to know my tax dollars are going to built a new production facility in China.
19 Nov 2012, 11:17 AM Reply Like

JCRCRT Comments (3)
 
What has happened to Made in America?, GM who's bail out with US tax dollars is looking at 70% of its production being outsourced. 30% being built here, the Chinese have bought a goodly number of GM parts production/supplier Companies here. I would feel a lot better if GM could efficiently produce here to keep US jobs and Export as do others. If Kia, Toyota, and Honda can hire US labor and manufacture here efficiently, why not GM?, Certainly GM does not have to outsource so much of its product and Jobs.
19 Nov 2012, 01:36 PM Reply Like

tcbracing Comments (129)
 
The 70% you reference is how many of GM's global vehicles are produced outside of the US, not that are sold here. Every single GM vehicle sold in the US is built in North America (except for the A-Segment Spark). I work in the Purchasing Department at GM and can tell you that GM buys very little from China or Chinese owned companies in the US. Comparable to any other automaker based on my conversations with others in the industry.

Kia, Toyota and Honda plants are all non-union so of course they have an advantage with labor, but with recent UAW contracts, that advantage is reduced.

GM is one of the automakers doing the most "in-sourcing". They are the only auto maker, foreign or domestic to produce a B-Segment sub-compact in the US (the Sonic built in Lake Orion, MI) and they just announced a plan to (an industry first) in-source all of their IT starting with a 500 person facility in Arlington, TX.

GM is just being like every other automaker and taking advantage of the largest auto market in the world. They would be stupid not to. In addition GM's joint ventures in China (the government mandates all have to be JV's with Chinese companies controlling interest) make more than enough money that your precious tax dollars are not being spent on this new factory.
19 Nov 2012, 02:33 PM Reply Like

wyostocks Comments (5338)
 
Nice try.
Without tax dollars there would be no money for GM to spend in China.
19 Nov 2012, 03:03 PM Reply Like

tcbracing Comments (129)
 
There also would be no banks...
19 Nov 2012, 09:18 PM Reply Like