This makes perfect sense. Govt Motors sells best in a country like Communist China.
Those “GM” cars sold in China, are not made in America.
Because the Chinese market is not open.
China insisted the cars sold in China, be made there.
Which country, America or China, is now doing ever better in trade and manufacturing?...
Hmm?
How’s that “free trade” thing working out so far?
http://www.youtube.com/watch?v=RR1fDL7x1Sg
Wake up people.
The Chi-Coms are already accustomed to driving crappy cars. And because of their strong aversion to anything Japanese, it will be a long, long time before Japanese automakers are able to inject high quality into the Chinese market.
This is no more than the current point in a trend, with global GM sales, that was evident as early as 2007, when a model of the Chevrolet brand was the largest selling model in China and a Buick model was the largest car in the “luxury” class.
This was before the financial crisis, before the GM bankruptcy, before their present major financial partners (U.S. Treasury).
The only thing today’s news on this matter presents is NOT reflective of anything in particular about GM’s current financial structure, but just a continuation of its marketing success in China. No matter how much of it’s production for the Chinese market occurs in China, the profits are GM’s. So, what is your complaint really about?