G.M. may be the first U.S. automaker to build a car in China and sell it in the U.S. market

[CowboyTed]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

 

[TheOldSchool]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

They would prefer America have no automaking industry.

 

[CowboyTed]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

They would prefer America have no automaking industry.

They bitch if one car comes into America and ignore the millions they export.
U.S. Car Exports Top 2 Million - WSJ

Seriously these RWers should be never let near a business... They are so anti business...

 

[Claudette]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

Reasons don't matter.

Taxpayer money was never supposed to be used to bail out a company. Any company for any reason.

 

[there4eyeM]

Ideological inflexibility is not the American way.

 

[Claudette]

No way should taxpayer dollars be used to bail out a company. Any company for any reason.

A company will either stand on its own or it won't.

 

[Claudette]

No I mean the loan that Barry approved using taxpayer dollars.

Oh the one that was actually paid back? That one?

Nope. It wasn't paid back. They paid part of it with TARP money which was also taxpayer money.

What Obama loaned them was paid back. If only Bush hadn't created the entire program in the first place, maybe you wouldn't be so butthurt.

Butt hurt? Not hardly.

Just mad that our tax dollars were used for something they never should have been used for.

You can blame Bush all you want but Barry was in the WH when it all went down. He approved it all.

 

[Book of Jeremiah]

Part of Obama's free trade with Asia?

General Motors may be the first U.S. automaker to build a car in China and sell it in the U.S. market.

IHS Automotive says its analysisleads it to believe GM is planning to start shipping a small SUV, the Buick Envision, back to the U.S. by next year. The car is built in Shanghai for the China market.

GM builds and sells more cars in China than in the U.S. The Buick brand is very popular in China, far more so than in the U.S.

GM would neither confirm nor deny plans to export the Envision to the U.S.

"It is all speculation at this point," said Buick spokesman Nick Richards. "To this point we haven't disclosed any plans for it outside of China."

There is only one other major automaker, Volvo, which has announced plans to export a car from China to the United States. And Volvo is owned by the Chinese automaker Geely.

GM (GM) could face a backlash if it decides to export a Chinese car to the U.S. The federal government spent $49.5 billion bailing out GM when it went through bankruptcy in 2009. GM repaid its loans, but taxpayers ended up with a $10.6 billion loss on the bailout.

GM and other automakers' investment in plants in China and elsewhere in the world have beencriticized by U.S. politicians, including leading Republican presidential candidate Donald Trump.

And GM, along with Ford Motor (F) and Fiat Chrysler (FCAM), is in contract negotiations with the United Auto Workers union. The current pact is due to expire next month. A key union demand in those talks is guarantees from the automaker to build as many cars as possible for the U.S. market at U.S. plants.


The Envision is a compact SUV, and Buick does not currently offer a small SUV for its U.S. buyers. IHS forecasts that GM would be selling about 38,000 Envisions in the U.S. by 2017, compared to about 126,000 it is now selling annually in China.

"I think it's much more needing the product in the U.S. market than having excess capacity in China," said IHS analyst Stephanie Brinley. "It'll be a nice boost for Buick in a popular segment of the U.S. market."

So far the growing demand for cars by Chinese buyers has swallowed up most of the output from auto plants there. But more auto plants are being added in China every year by car makers focused on the market and Chinese economic growth is slowing.

So some critics of U.S.-China trade policy are concerned that China could soon take aim at capturing a significant share of the U.S. auto market, hurting output from U.S. plants.

GM may import a Buick built in China - Aug. 18 2015

I do not like the design. The windshield is tilted way too low. It looks like a death trap.

 

[BullKurtz]

Part of Obama's free trade with Asia?

General Motors may be the first U.S. automaker to build a car in China and sell it in the U.S. market.

IHS Automotive says its analysisleads it to believe GM is planning to start shipping a small SUV, the Buick Envision, back to the U.S. by next year. The car is built in Shanghai for the China market.

GM builds and sells more cars in China than in the U.S. The Buick brand is very popular in China, far more so than in the U.S.

GM would neither confirm nor deny plans to export the Envision to the U.S.

"It is all speculation at this point," said Buick spokesman Nick Richards. "To this point we haven't disclosed any plans for it outside of China."

There is only one other major automaker, Volvo, which has announced plans to export a car from China to the United States. And Volvo is owned by the Chinese automaker Geely.

GM (GM) could face a backlash if it decides to export a Chinese car to the U.S. The federal government spent $49.5 billion bailing out GM when it went through bankruptcy in 2009. GM repaid its loans, but taxpayers ended up with a $10.6 billion loss on the bailout.

GM and other automakers' investment in plants in China and elsewhere in the world have beencriticized by U.S. politicians, including leading Republican presidential candidate Donald Trump.

And GM, along with Ford Motor (F) and Fiat Chrysler (FCAM), is in contract negotiations with the United Auto Workers union. The current pact is due to expire next month. A key union demand in those talks is guarantees from the automaker to build as many cars as possible for the U.S. market at U.S. plants.


The Envision is a compact SUV, and Buick does not currently offer a small SUV for its U.S. buyers. IHS forecasts that GM would be selling about 38,000 Envisions in the U.S. by 2017, compared to about 126,000 it is now selling annually in China.

"I think it's much more needing the product in the U.S. market than having excess capacity in China," said IHS analyst Stephanie Brinley. "It'll be a nice boost for Buick in a popular segment of the U.S. market."

So far the growing demand for cars by Chinese buyers has swallowed up most of the output from auto plants there. But more auto plants are being added in China every year by car makers focused on the market and Chinese economic growth is slowing.

So some critics of U.S.-China trade policy are concerned that China could soon take aim at capturing a significant share of the U.S. auto market, hurting output from U.S. plants.

GM may import a Buick built in China - Aug. 18 2015

They promised they wouldn't do this....and they better not.

 

[rdean]

How would they get them here? I think shipping such a long way would eat up their profit.

 

[Jroc]

"It is all speculation at this point," said Buick spokesman Nick Richards.

So typical of the Right, condemn Obama on the rumor and say nothing when it does not materialize.

The speculation part is for idiots like you.

 

[Jroc]

yet chinese auto makers open plants in the US,,,go figure.

The Chinese cant even build a car that'll pass U.S. safety guidelines. I think they've recently bought Saab, So now they can say, they can actually build a real car

 

[Jroc]

Man republicans really hate American automakers these days.

I love American workers. So why do the unions, who once were hard core against illegal immigration, now support it, against the interest of the American worker?

 

[Jroc]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

Wrong....


U.S. exits GM stake, taxpayers lose $10.5 billion

DETROIT — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.

The Treasury Department sold its final shares of the Detroit auto giant Monday, recovering $39 billion of the $49.5 billion it spent to save the dying automaker at the height of the financial crisis five years ago.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

 

[Jroc]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

The money was loaned and repaid. If a GOP President done it then we hear crickets... Reagan and Bush bailed out businesses and we hear nothing...

Reagan and Bush did it for the right reasons and Obama did too...

They would prefer America have no automaking industry.

They bitch if one car comes into America and ignore the millions they export.
U.S. Car Exports Top 2 Million - WSJ

Seriously these RWers should be never let near a business... They are so anti business...

Cars shouldn't be built in China and then shipped here. everything is ,manufactured in China these days as it is.

 

[Jarlaxle]

yet chinese auto makers open plants in the US,,,go figure.

Name one.

 

[Jarlaxle]

Wonder if GM will pay back the money Barry loaned them to repair their mismanaged pension funds?? Taxpayer Money he had no right to use for that purpose.

he did it since Ron Reagan did it.

Doesn't make it right. Tax payer dollars were never meant to be given to companies. If a company can't survive on its own then tough shit.

So, who would have made the Abrams tanks the Army so desperately wanted to replace their WWII-vintage Soviet targets?

You mean the M1, built by General Dynamics? (Which replaced the M60.)

 

[BullKurtz]

As a native Detroiter, I was relieved when GM was saved....first by Bush, then Obama. Bush to keep our defense industry viable, Obama to prop up the UAW. The money not paid back is offset by what we would have paid out in unemployment benefits and lost income tax revenue from a million employees at GM and Chrysler. Ford would have also gone under from the loss of the after-market parts suppliers. The good news is that GM is building world-class vehicles again. I'm glad they're doing well in China but they sure as shit better not EVER start building them there for the US market.

 

[Jroc]

yet chinese auto makers open plants in the US,,,go figure.

Name one.

not possible

 

[blastoff]

How would they get them here? I think shipping such a long way would eat up their profit.

Gee, cars made all over Asia have been shipped here and marketed successfully for years. Get a friggin' clue now and then deany.