Quote:
Originally Posted by MIEng
Global expansion is what has kept GM alive in the last decades. As a company you have to expand and invest where people are buying and spending. Asia-Pacific and Russia are essential to GM's survival.
The North American and western european markets are declining and people are not buying as many cars so you have to adjust production to reality.
Also a car built in China for the chinese market or in Russia for the russian market cannot be sold here because of our safety and tailpipe regulations.
It makes sense to continue to invest in the markets that are bringing you the profits.
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Like I said (read my post again), I don't have a problem with overseas production and investment. But I
DO have a problem with them lying to Congress and implying that they desperately need public money to stay alive and save U.S. jobs then turn around and
still lay off thousands more, announce
more plant closings and cut benefits for new hires (UAW is useless)to to
below the levels of the Japanese and German transplants! All the while they invest in China and Russia!!!
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But they are getting YOUR money to do it with!!!
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