Gov't Motors To Open 600 New Dealerships -- In China...

Discussion in 'Economy' started by paulitician, Apr 23, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.

    "We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.


    GM also announced they will build the new Cadillac there too.


    General Motors Co. announced Monday at the Beijing auto show that it will begin building its all-new 2013 Cadillac XTS sedan in China this year and later will build the ELR luxury electric coupe in the country.

    The production announcements mark a significant step in GM's push for Cadillac to become a global brand.

    "Introducing the XTS is part of our strategy of adding one new model per year to our Cadillac lineup in China through 2016 to address the needs of luxury car buyers nationwide," GM Chairman and CEO Dan Akerson said in a statement.

    ELR technology details, production location and its Chinese introduction date will be announced at a later time, according to a news release. The XTS will be available in the fourth quarter in China and will be manufactured by Shanghai General Motors, a partnership between GM and SAIC Motor Corp.


    http://www.detroitnews.com/article/20120423/AUTO0103/204230371#ixzz1ssJ21ogH
    http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423
    http://www.drudgereport.com/
     
    Last edited: Apr 23, 2012
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Terrific

    A real homecoming for the UAW
     
  3. Full-Auto
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    Full-Auto Gold Member

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    Well they have a tough time selling that crap here.

    Gm is doing well half priced cars and overseas profits.

    I wonder how all those cars built overseas are assisting the unions?
     
  4. blastoff
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    blastoff Undocumented Reg. User

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    Rook for the union rabel, ChiComs.
     
  5. Londoner
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    Londoner Gold Member

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    Reagan defeated a paper tiger in the Soviet Union. Communist China - a state controlled economy - is becoming the economic epicenter of the universe. It has a burgeoning middle class of car buyers. It is manufacturer to the world. Meanwhile American consumers are languishing after 30 years of the Reagan Revolution, i.e., debt based consumption (as opposed to wage based consumption). The American consumer is bankrupt. His wages/benefit were cut in order to expand the profits of a few. Once those wages were cuts, the American consumer was handed a credit card. He used that credit card for 30 years until there was no more room on the credit card. Then he turned his home into ATM until there was no value left in his home to borrow. Now ... there is nothing left, except the low wages that have expanded the profits of the few.

    But seriously . . . GM is so healthy now that it is becoming a global brand. It is turning into a competitive powerhouse. American consumers can't buy those cares because Ronnie's debt based consumption model (the one which substituted high union wages with credit cards) has finally blown up. We had a nice 30 year ride until the bill for Morning in America came due)
     
    Last edited: Apr 23, 2012
  6. Full-Auto
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    Why dont you point out the legislation that ronnie signed making it all possible, then please explain how and why democrats with the majority sent it to him................
     
  7. Katzndogz
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    Katzndogz Diamond Member

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    When GM started paying more in union legacy benefits than it paid for steel, you know the company would have to move overseas.
     
  8. uscitizen
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    uscitizen Senior Member

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    Yep pretty ironic from the right huh?

    They should google other auto makers involvement in China.

    Ford is there as well.
     
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  9. Douger
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    Douger BANNED

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    :eusa_shhh::eusa_shhh::eusa_shhh::eusa_shhh: You don't want to upset these murkins. They think it's a recovery.

    [ame=http://www.youtube.com/watch?v=J1OkZ3xowKQ]Ford's Joint Venture assembly plant in Brazil - YouTube[/ame]
     
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    [ame=http://www.youtube.com/watch?v=42VN_sclo-Q&feature=related]Audi China Changchun Plant - YouTube[/ame]
     

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