Who didn't see this coming?

By Peter Whoriskey
Washington Post Staff Writer
Friday, May 8, 2009
The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.


According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.
The proportion of GM cars sold domestically and manufactured in those low-wage countries will rise from 15 percent to 23 percent over the next five years, according to the figures contained in a 12-page presentation offered to lawmakers in response to their questions about overseas production.



http://www.washingtonpost.com/wp-dyn/content/article/2009/05/07/AR2009050704336.html

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1987 560SL
85,000 miles

Who didnt see this coming? Obama

So this is Obama's fault, and has nothing to do with corporate greed.

lack of forethought on the automaker's bailout...

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1987 560SL
85,000 miles

well chevy is one of the 4 core brands that GM will have left.and chevy rebadges the daewoo as they evidently forgot how to make efficient cars.so i can see them importing boatloads of em.

Dont you mean profit

If it's profit just for this quarter so there are great bonuses, it's greed. If it's profit to keep the business strong for a long time and keeping a long-term value, it's a different story.

well which do you think it is

I still think we should have let them go belly up. Pain teaches lasting leasons.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Agreed...they would have been forced to re-organize and would have come out of it much stronger than they will this way.

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1987 560SL
85,000 miles

They would've done this no matter the level of government involvement.

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1984 300TD

Then how can anyone justify pouring all the billions of dollars of American taxpayer's money into a company that won't retain American jobs?

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1987 560SL
85,000 miles

It is the UAW's fault for being greedy asses......

Yup...it's been many years since they thought about the workers rights. all they care about is money. They lobbied Washington to do something, and this is what we get.

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1987 560SL
85,000 miles

Its not the decision makers money, other peoples money spends real easy.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200