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

[healthmyths]

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?

 

[beretta304]

He had to pay back the UAW union.

 

[Oddball]

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]

 

[Mr Natural]

He had to pay back the UAW union.

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

 

[WillowTree]

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?

And the fucking democrats have the "audacity" to bitch about Mitt Romney outsourcing jobs.

 

[NYcarbineer]

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

Are you INSANE?

 

[Newby]

He had to pay back the UAW union.

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.

 

[Newby]

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

Are you INSANE?

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...

 

[WillowTree]

He had to pay back the UAW union.

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.

Yep. obama fucked over the shareholders, investors, pensions, and dealerships. buy Toyota.

 

[Full-Auto]

He had to pay back the UAW union.

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

China only owns a trillion of the 16/

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

 

[healthmyths]

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

Are you INSANE?

No IF they had been allowed bankruptcy they would have been 100% today..
We wouldn't be owed $50 billion.
We wouldn't have debt to china as of May 2011 the largest single holder of U.S. government debt was China, with 26 percent of all foreign-held U.S. Treasury securities (8% of total U.S. public debt)
United States public debt - Wikipedia, the free encyclopedia

 

[beretta304]

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

Are you INSANE?

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...

Exactly.

 

[NYcarbineer]

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

Are you INSANE?

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...

Not true.