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When then President Obama injected the Federal Government into GM's bankruptcy, few if any, viewed it as a coup, to put GM at the service of the Chinese communist Party.

This incident with GM's long term investments in India, and many others, seem to indicate that this has been the effect.

The Obama Administration took the unusual step of violating “order for relief” in the GM bankruptcy. Those who should have been paid first were forced to forfeit their rightful share of the assets, so that a controlling interest in the company could be turned over to the Union (a Leftist, Democratic Party appendage).

Ever since, GM has has pretty consistently made major investments and turned over technology right in line with communist Chinese plans for building up their auto industry, at the expense of the USA and others.

In this case, GM used its expertise and American influence to establish state of the art facilities in a major global market, just in time to hand the keys over to China's designated "National Champion" for the auto industry, as they scaled up for that expansion. Another convenient coincidence, that took years of preparation, and major deliberate investments of US capital.

India is currently in the throes of trying to economically de-couple from communist China, after China's recent bloody border incursion in the North, so they are blocking this deal (and blocking out Chinese investments across the board).

Like the Chinese communist Party member (Ben Meng) who was put in charge of California's CALPERS Retirement fund, GM's apparent collusion with the Chinese communists, highlights communist infiltration into the boardrooms of US corporations, with and under the auspices of Democratic Party apparatchiks.

1 posted on 09/17/2020 10:08:09 AM PDT by BeauBo
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To: BeauBo

Didn’t the Fed purchase GMAC?


2 posted on 09/17/2020 10:10:22 AM PDT by tired&retired (Blessings)
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To: BeauBo

I haven’t bought a GM product since my 1998 K2500 Cheyenne. GM’s quality has gone so far downhill in the last few years that I’d never touch another of their products.


4 posted on 09/17/2020 10:22:08 AM PDT by Seruzawa (TANSTAAFL!)
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