8 Responses to ‘GM Recovery Plan Calls For Exporting China-built Cars To US By 2011′

1. Bruce H. Vail May 13th, 2009 at 11:19 am «

   Note that the shipment of Chinese-made vehicles to the US is part of GM’s plan to recover from its current woes.

   There remains ample time to change the “recovery plan” to insure that taxpayer investments aren’t used to export American jobs to low-wage countries.
2. BooRadley May 13th, 2009 at 11:28 am «

   Thanks 57.

   If the UAW is OK with this, that carries a lot of weight with me.

   It’s not, however going to go over well in places such as Kenosha, Wisconsin, where the GM plant is closing.

   I’m ok with the tough love for Detroit. I just can’t stomach why the banksters aren’t getting the same “tough love.”
• Bruce H. Vail May 13th, 2009 at 11:59 am «

  Hey, Boo.

  UAW has been notably reluctant to make any strong comments on the details of either the Chrysler or GM recovery plans, aware that these are very much “works in progress” that could easily blow up entirely. But as an outside observer, I object strongly to any government-led rescue that throws American workers on the trash heap so that management can ship the jobs to China.
3. earlofhuntingdon May 13th, 2009 at 11:36 am «

   That was on the cards when GM first went into Shanghai in the mid-1990’s. Who would have guessed its partnership with SAIC and its devotion to a Shanghai-based worldclass tech center would save the company a decade later?
4. earlofhuntingdon May 13th, 2009 at 11:39 am «

   Let’s not misunderestimate the role China.gov might be playing here, as well as GM’s partner SAIC and GM itself. GM will end up playing Chrysler, with SAIC in the role of Daimler Benz. Works for everybody. GM Europe – Opel, Saab, Vauxhall, the exploratory stabs into Russia, will become part of a competing EU machine, FIAT or someone else. It’ll be interesting to see who gets the Mexican and Brazilian ops. Maybe they’ll cut cards for them.
5. Bruce H. Vail May 14th, 2009 at 8:50 am «

   Further on UAW:

   I think we are seeing a deep ambivalence about the GM recovery plan on the part of UAW. You probably saw that Walter Reuther Jr. circulated a letter critical of the outsourcing elements of the plan, yet UAW President Gettelfinger has said little on the subject. My guess is that Gettelfinger feels he needs to support the plan publicly in order to retain White House support for the larger package, despite the fact that some elements of the plan are obnoxious.
6. Watt4Bob May 14th, 2009 at 9:59 am «

   The whole big3 liquidation bail-out is looking more and more like kabuki, the UAW’s acceptance of 55% of the risk in Chrysler is being touted on Faux News as a greedy union pushing to the front of the line ahead of “real” investors.

   Now GM crying crocodile tears as it sheds debt and exports American jobs to China, all financed by taxpayers.

   Maybe Fritz Henderson could be required to move to China as part of the deal?

   What am I missing here?
7. bluebutterfly May 14th, 2009 at 12:03 pm «

   No recovery plan is complete without considering this ruling. Judgements could be high if these companies lose, so another tax payer bailout for GM in the future?
   ***********
   ” Manhattan federal district court judge Shira Scheindlin allowed some claims under the Alien Tort Claims Act of aiding and abetting the apartheid government to go forward. Generally speaking, the claims allege that the companies did business with the apartheid government and thus helped perpetuate human-rights abuses. Claims to proceed include some against auto makers General Motors, Ford, and Daimler; IBM and Rheinmetall Group, the parent of armaments maker Oerlikon Contraes AG. Click here for the ruling; here and here for earlier LB posts on the case.

   “What survives are much narrower cases that this court hopes will move toward resolution after more than five years spent litigating motions to dismiss,” the judge said. “

   http://blogs.wsj.com/law/2009/…..=sphere_wd