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GM invests in CHINA
Reuters ^ | Aug 30, 2009 | By Fang Yan and Edmund Klamann

Posted on 08/31/2009 9:35:35 PM PDT by The Watcher

SHANGHAI (Reuters) - General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: automakers; china; economy; generalmotors; gm; madeinchina; manufacturing; politics
GRRRRRR.... All this, just for GM to invest in CHINA! At least Chrysler is now building more stuff here in north America, and working on exporting more.
1 posted on 08/31/2009 9:35:36 PM PDT by The Watcher
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To: The Watcher

UAW workers voted for this. Stick a fork in GM and Chrysler. GM’s future - if it has any is in China. The Chinese will steal any intellectual property so GM will die anyway. O will keep both alive until 2012,


2 posted on 08/31/2009 9:41:29 PM PDT by Frantzie (Lou Dobbs & Glenn Beck- American Heroes! Bill O'Reilly = Liar)
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To: The Watcher

Isn’t it the other way around?


3 posted on 08/31/2009 9:42:58 PM PDT by dfwgator
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To: The Watcher
All this, just for GM to invest in CHINA!

Remember, the UAW received ownership too. (another 0bama double cross -- unless the UAW is gonna go over to China and try 'card check'?)

4 posted on 08/31/2009 9:43:22 PM PDT by This_far
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To: The Watcher
I assume GM is using OUR “stimulus” money to stimulate China and lessen the burden of UNIONS that stop them from being competitive and also to remove OUR government OUT of their business?
5 posted on 08/31/2009 10:00:00 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: The Watcher

i will never buy from these companies


6 posted on 08/31/2009 10:03:29 PM PDT by dalebert
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To: The Watcher
"GM invests in CHINA"

Figures. China's economy is tanking, and Obama decides this is the time to invest in China. Yet another brilliant move.

What the heck, it's only taxpayers money...

7 posted on 08/31/2009 10:05:50 PM PDT by Nathan Zachary
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To: The Watcher

Your tax dollars at work!


8 posted on 08/31/2009 10:15:43 PM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: The Watcher

9 posted on 08/31/2009 10:32:22 PM PDT by Talisker (When you find a turtle on top of a fence post, you can be damn sure it didn't get there on it's own.)
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To: The Watcher

it should read US TAXPAYERS INVESTED IN CHINA


10 posted on 09/01/2009 1:49:24 AM PDT by personalaccts (Is George W going to protect the border?)
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To: The Watcher

or OBAMA MOTORS THROWS UNION UNDER THE BUS


11 posted on 09/01/2009 1:49:57 AM PDT by personalaccts (Is George W going to protect the border?)
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To: personalaccts

Suckers! China will nationalize- pd with US Tbills...


12 posted on 09/01/2009 2:37:02 AM PDT by beaware
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