GM sells many cars in China and is building more plants in China.. Buick is the biggest seller.
-
GM is being *absorbed* in China.
Foreign companies do not own or produce anything in China. Foreign companies are required to go into business with Chinese partners, transfer production technology, then eventually leave the local factory in Chinese hands.
GM is selling the rope - yes, it's happening - that is very soon likely to send it into bankruptcy.
We need to stop playing make-believe about China. We're never going to sell a billion shoes to a billion Chinese. It didn't happen that way.
What happened, is the Chinese learned to make the shoes, then sold a billion shoes to us.
The same thing will happen with cars. Then with airplanes.
Then what?
When we have lost all capacity to manufacture anything anymore, will we design our armed forces on Lenovo computers????????????????????????
Then what?
When we have lost all capacity to manufacture anything anymore, will we design our armed forces on Lenovo computers????????????????????????
What on earth are you talking about. A Chinese engineer designed Bowing's first seaplane in 1916 and they have always maintained ties with China. The Chinese already make parts and buy many planes from Boeing. In fact a new 600 million dollar contract. Put tariffs on China they cancel contracts with American companies. It would lay off 25,000 at Boeing alone.
GM is bleeding cash due to poor sales and enormous health insurance and retirement benefits for their employees. They can't sell assets fast enough. GMAC and ElectroMotive are sold off. They are trying to buy off 113,000 employees if they can. They are desperate. I don't see them surviving as a company. Too many overly generous deals cut with the unions.