DNC: Proud of this?? GM of China...

Discussion in 'Politics' started by healthmyths, Sep 7, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    Remember: GM —received nearly $50 billion of bailout funds in 2009,

    “Did we bail out General Motors to have it become China Motors?”

    According to General Motor’s CEO Dan Akerson, GM now:

    • Makes almost 70 percent of its vehicles outside the US
    • Has more than 2,700 dealerships in China
    • Operates 11 assembly plants in China
    • Has 11 joint ventures in China with two Chinese government-controlled companies
    Regards these joint ventures “as 11 keys to success.”

    the Chinese government ownership of Nexteer’s 22 factories around the world, its six engineering centers, its 14 customer-support centers, along with more than 1,000 patents. Those patents, said Jack Chen, the investment banker at Transworld Capital Group who put the deal together, “dramatically shortens the technology gap between China and the rest of the world.”


    Is General Motors Now China Motors?
     
  2. beretta304
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    beretta304 BANNED

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    He had to pay back the UAW union.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Just posted the video elsewhere.

    Here it is again:

    [ame=http://www.youtube.com/watch?v=Lvl5Gan69Wo]General Motors is becoming China Motors - YouTube[/ame]
     
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  4. Mr Clean
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    Mr Clean Gold Member

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    More like he had to pay back the Chinese loan Bush took out for the Iraq fiasco.
     
  5. WillowTree
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    WillowTree Diamond Member

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    And the fucking democrats have the "audacity" to bitch about Mitt Romney outsourcing jobs.
     
  6. NYcarbineer
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    NYcarbineer Diamond Member

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    So you would have preferred that GM abandon the US entirely and ONLY manufacture overseas?

    Are you INSANE?
     
  7. Newby
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    Newby Does it get any better? Supporting Member

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    Yep, that's all it was about, the unions, and he screwed over everyone else to do it, the American taxpayer, and the stock holders of GM. Not to mention that it's a nice piece of propagands to go on and on about how he 'saved' GM.
     
  8. Newby
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    Newby Does it get any better? Supporting Member

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    They wouldn't have 'abandoned' the US, they would have restructured under bankruptsy laws and the sharks in the unions would have lost out. Boo Hoo...
     
  9. WillowTree
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    WillowTree Diamond Member

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    Yep. obama fucked over the shareholders, investors, pensions, and dealerships. buy Toyota.
     
  10. Full-Auto
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    Full-Auto Gold Member

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    China only owns a trillion of the 16/

    You can pull you head out at anytime........
     

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