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  #1  
Old 05-08-2009, 12:35 PM
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Under Restructuring, GM To Build More Cars Overseas

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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Old 05-09-2009, 01:27 PM
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Who didnt see this coming? Obama
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Old 05-09-2009, 01:29 PM
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So this is Obama's fault, and has nothing to do with corporate greed.
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  #4  
Old 05-09-2009, 01:36 PM
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lack of forethought on the automaker's bailout...
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  #5  
Old 05-09-2009, 01:41 PM
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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.
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  #6  
Old 05-09-2009, 02:26 PM
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Originally Posted by Matt L View Post
So this is Obama's fault, and has nothing to do with corporate greed.
Dont you mean profit
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Old 05-09-2009, 02:35 PM
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Originally Posted by OMEGAMAN View Post
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.
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Old 05-09-2009, 02:57 PM
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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
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Old 05-09-2009, 03:00 PM
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I still think we should have let them go belly up. Pain teaches lasting leasons.
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Old 05-09-2009, 03:04 PM
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I still think we should have let them go belly up. Pain teaches lasting leasons.
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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Old 05-09-2009, 04:43 PM
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They would've done this no matter the level of government involvement.
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Old 05-09-2009, 06:42 PM
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Originally Posted by tankdriver View Post
They would've done this no matter the level of government involvement.
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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  #13  
Old 05-09-2009, 06:56 PM
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It is the UAW's fault for being greedy asses......
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  #14  
Old 05-09-2009, 07:34 PM
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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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  #15  
Old 05-09-2009, 08:42 PM
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Originally Posted by jplinville View Post
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?

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