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GM becoming China Motors?
Posted: Mon May 21, 2012 1:13 pm
by ruger22
Many of you guys being in and around Detroit, you may have already run across this. If it's even half as true as claimed, it is thoroughly disgusting.
http://www.youtube.com/watch?v=Lvl5Gan6 ... r_embedded
Posted: Mon May 21, 2012 4:53 pm
by Bullseye
You can't blame the manufacturers who want to tap into that huge market. Sales and labor have not caught up to the levels of our country and as such make doing business over there pretty lucrative for the big corporations.
R,
Bullseye
Posted: Mon May 21, 2012 6:26 pm
by ruger22
I can understand companies wanting into the Chinese market. It's just that in GM's case, they seem to have used all their bailout money to do so.
I would have thought that money should have been stipulated to stay in the U.S., and well accounted for (but this was the current mis-administration, we can't expect that).
GM used our money to make partnerships with two Communist factories, then handed them the latest technologies. I've a list of all of China's holdings in the U.S. and I know they hold the note on a lot of our debt.
The old Red, White, and Blue doesn't look so proud these days. It's really sad.
Posted: Mon May 21, 2012 7:20 pm
by Bullseye
Most everything that has happened over the last four years has fallen into the ready, fire, aim mode. The sequencing is definitely off which is all part of the problem which you have so deftly pointed out.
R,
Bullseye