GM's first "NEW" model for China?
Posted on 06/06/2004 10:09:39 PM PDT by Pikamax
Edited on 07/19/2004 2:14:26 PM PDT by Jim Robinson. [history]
General Motors Plans $3 Billion Expansion in China (Update1) June 7 (Bloomberg) -- General Motors Corp., the world's largest automaker, said it plans to spend $3 billion with its partners in China in the next three years to more than double production and introduce 20 new models there.
(Excerpt) Read more at quote.bloomberg.com ...
Leave it to Generic Motors.
China isn't our friend. They seek global supremacy, and we're building them to the point where they can accomplish exactly that!
If you want on or off my offshoring ping list, please FReepmail me!
GM's first "NEW" model for China?
I think we see it fine. No work for the average American. An ever growing dependence on foreign manufacturing. (Aren't these the same people who are worried about dependence on foreign oil?)
We think about creating wealth and opportunity here in the U.S. All they want is that quick buck for themselves and to hell with anyone else.
Yeah, that's right we have no vision. I think we have too much vision for them. We see the damage that outsourcing and investing so heavily overseas causes here. We see the average American worker not able to provide for his family while Asians are prospering on $1000 a year. We see the future of our country's economy sold to the highest bidder overseas while they see the next dividend check. Sure, we can't see.
By the way. My neighbor, who has a business that involves steel, went to China and Thailand. His partners there carried thousands of dollars worth of bribes to the meeting with government officials. They provided him with women and booze. It was a big party for him. Now you know why they like it there so much. Money instead of morals. That's what guides super-capitalists and their ilk.
It took a matter of a few months to convert the US auto plants to tank factories at the start of WWII.
Scouts Out! Cavalry Ho!
Let's see...Free trade is good for the U.S. because new markets are opening up for American good and products...We will now sell Regals and Cadillacs to China...Good for
America...
But wait...The chinese are going to build their own...Using technology that was developed in the U.S. by American citizens...And no doubt they will send millions of them back here...So there goes our market...
I guess we got lied to again...Thanks George...
Industrial and economic expansion in China shouldn't been seen as a threat. If anything, their economic expansion should be seen as a sign that they are doing things to bring their economic system more in line with the world's trading system. Each year, it gets better and better. Multi-nationals wouldn't invest there if China didn't bring their system more in line with the rules, regulations and expectations of the global market.
Behaving in manners that one would associate with an "Evil Empire" wouldn't allow for GM to invest $3 billion there. The communist system is a proven failure. Multi-national corporations would not invest in a country where the central government is firmly in control of big business. That's why China has implement free market reforms, because they know it works and central control does not. Though, they will reluctantly admit to their failures of the past. As a result of free market reforms, China has become the world's 4th largest trading nation and will soon surpass Japan and Germany to become the 2nd largest. This could only have happened because China slowly evolved their economic system to the global trading system.
America won the Cold War against the former Soviet Union AND China. Chairman Mao would be turning over in his grave if he knew American accounting firms had audited Chinese banks.
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