[sarcasm]

SHANGHAI -- will export engines from China for a sports-utility vehicle assembled in Canada by early 2004. It's the first time the carmaker is using a Chinese-made engine for a vehicle assembled in North America.
   The world's largest automaker said it will use 3.4 liter V-6 engines made in China with Shanghai Automotive Industry Corp. to power the Chevrolet Equinox. An undisclosed number of engines will be shipped to Ingersoll, Ontario, where General Motors will build the Equinox, the company said in a press release.
   "This is an example of how GM's global alliance and partnership strategy gives us the flexibility to leverage existing capacity at facilities like Shanghai GM for the benefit of car buyers in other parts of the world," said Philip Murtaugh, chairman for General Motors' operations in China.
   General Motors is the largest foreign investor in China's automotive industry, through its $1.5 billion investment in a 50:50 venture with Shanghai Auto, where it makes Buick and Sail passenger cars.
   The venture, called Shanghai GM, started making engines in 1998. It has the annual capacity of producing 180,000 V-6 engines, 75,000 L-4 engines and 100,000 automatic transmissions, according to General Motors' statement. The venture currently makes 2.5- liter and 3.0-liter V-6 engines for use in China.

[FormerLurker]

What a bunch of fools. The Chinese will simply take the plant and use it for their own needs, and GM will sink due to American's lack of money to BUY the damn things...