GM plans to EXPORT cars from CHINA.
A plan to shift a greater proportion of the struggling car-maker's production overseas is still being negotiated with US politicians, who have already lent GM $15.4bn (£10.18bn) in order to keep it afloat and safeguard its 90,000 US workers.
However, a spokesman for GM in Shanghai said it was "only a matter of time" before vehicles made in China are imported into the company's home market, in
More..another blow to the US car industry.
After losing $6bn in the first quarter, GM has slashed its global production by 40pc, or 900,000 vehicles. Around 13 assembly plants will be affected by shutdowns in the US. The company has a June 1 deadline to complete a restructuring or follow Chrysler into Chapter 11 bankruptcy.
"The production quality here is the same as Luton in the UK or the US. We may not be fitting them with all the specifications but that does not mean we can't," he added.
"In a perfect world, you produce vehicles where you sell them. That's how it should be. But if it doesn't make sense economically to have two factories because you do not sell enough volume then it might make sense to have one location," he explained.
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Added: May 14 2009 In: news_politics
Recorded on: May 14 2009
By: Tranejam
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- chevy,
- gmc,
- cadillac
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