[AMNZ]

So 700 million American dollars were spent to build a new improved plant in Russia to employ 1700 Russians. And GM announces a 2.5 Billion loss for the year. And this of course seems like sound reasoning for a 5 or 10 billion dollars investment by the American people.

Then our friends the Russians can nationalize it like Chaves did with our oil operations in Venezuala.

[truthguy]

So 700 million American dollars were spent to build a new improved plant in Russia to employ 1700 Russians. And GM announces a 2.5 Billion loss for the year. And this of course seems like sound reasoning for a 5 or 10 billion dollars investment by the American people. Then our friends the Russians can nationalize it like Chaves did with our oil operations in Venezuala.

You need to get informed. The St. Pete plant will build the Chevy Cruze. This is a world car that have been in works for a while. It will replace the Cobalt and should by all accounts be a winner. GM will market the car in Europe and the Cars from ST. Pete will go to Russia, the former Eastern Block countries and Scandinavian countries. This car will be available in Europe in Spring of 2009 as a Gas and a Diesel Model. The gas version which will be available in US later in the year will get 45-48 mpg on the hwy. The Diesel Version will get over 50 mpg hwy. GM is doing very well in Europe and Asia and even South America but lousy in US. To be competitive in auto industry you must operate all over the world. The money invested in St. Pete may not be American Dollars as you have stated. If GM didn't have the profits from overseas they would be bankrupt. The Money requested by GM is a Loan Guarantee and not a handout. If the Chevy Cruze, the Chevy Volt and a bunch of other exciting new cars are winners as they should be then GM can recover. The US taxpayer won't have to put any money into the process. You really need to learn a bit about the Auto Industry before posting silly comments.