"At 30 cents/hour,..."
Not an accurate depiction of the labor rate in China.
"$8500.00 car only takes, ah, lemmeeesee heah, 28,333 hours--about 10 years' work--to pay off (excluding interest.)"
Maybe for one person. But when cars first came to the US many creative methods were used in purchasing the cars, until wages caught up. It will not be any different in China.
"What GM is actually predicting is that the US market for GM cars will be gone by 2020."
Wrong again.
Rhetoric isn't generally convincing.
You have a better one? Please, enlighten us!!
But when cars first came to the US many creative methods were used in purchasing the cars, until wages caught up.
Such as?
"What GM is actually predicting is that the US market for GM cars will be gone by 2020."
I will admit to being sarcastic.
However, Forbes Magazine is not much more optimistic about GM's market position in the USA than I am.