Posted on 08/30/2009 5:26:42 AM PDT by Zakeet
General Motors has signed up to a 2bn yuan ($293m; £180m) joint venture with the Chinese state-owned carmaker FAW to make light trucks and vans.
The vehicles will initially be sold in China under the FAW brand, but could in future be exported under the GM brand.
They will be produced at existing FAW facilities in the cities of Changchun and Harbin.
GM sold 818,442 vehicles in China in the first six months of 2009, compared with 1,094,561 in the whole of 2008.
Demand was particularly strong for its minivans and other small vehicles.
"For us in China, this is an important complement to the rest of our portfolio," said Kevin Wale, managing director of GM's Chinese operations.
"We are well established in passenger vehicles and mini commercial vehicles and we haven't had a presence in the truck segment."
(Excerpt) Read more at news.bbc.co.uk ...
Aren't you idiot taxpayers glad I spent $100 billion bailing out Government Motors in order to help the UAW and the Chinese?
CHINA would be the best supporter of marxist racist musslim OBAMA ?
NO SURPRISE tyrants fit well together
Take the money and run
’ I spent $100 billion bailing out Government Motors ‘
Well, he did get the idea from Pres. Bush.
Isn’t that special? *SPIT*
“Aren’t you idiot taxpayers glad I spent $100 billion bailing out Government Motors in order to help the UAW and the Chinese?”
And the next thing you know, he’ll be giving OUR MONEY to foreign countries so they can drill for oil!
Oh, wait... *SMIRK*
Well, the sometimes resident of the Tan House did promise to create thousands of new jobs ... I don’t recall him saying those jobs would be in the USA, however.
Betcha China won’t allow what jokes they call unions call the shots like the UAW does here.
However, betcha we get the same union qualilty.
Won’t matter to me anyway.
Government Motors will never be on my shopping list now.
The list, ping
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