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Okay! the report did say that normally, foreign sales don't generate as much revenue as sales in the US, but then I didn't find it breaking-down for us what parts of the world these supposed huge sales came from.
Did I miss it? Or, do I have to take that comment to mean they were implying that foreign sales are what account for this huge increase?
I think so, and I think it is hilarious. We have the first Communist president that threw huge money at GM, and it's such a funny coinkydink that GM now stands for "Government Motors."
I want to know how much of this supposed, huge increase in sales is thanks to Communist Countries buying autos from their new comrade, BO.
Quote:
SHANGHAI– General Motors and its joint ventures sold a record 2,547,171 vehicles in China in 2011, an average of one car or truck every 12 seconds in its largest global market. GM’s sales were up 8.3 percent from the previous high of 2,351,610 vehicles sold in 2010.
GM’s Shanghai GM and SAIC-GM-Wuling joint ventures along with all of its passenger car brands experienced record domestic demand, enabling GM to remain the sales leader among global automakers in China for the seventh consecutive year.
General Motors Financial Press Releases (http://investor.gm.com/sales-production/press-release.jsp?id=/content/Pages/news/us/en/2012/Jan/0109_Sales_China.html - broken link)
They have pretty extensive reports in both U.S. and International.
http://investor.gm.com/sales-production/index.jsp (broken link)
General Motors International Sales & Production Reports (http://investor.gm.com/sales-production/international.jsp - broken link)
And let's not forget that 2.351 million cars were produced in China, you know, those outsourced jobs democrats kick and scream and want to jump off cliffs over.
Shanghai – General Motors and its Shanghai General Motors joint venture today signed a two-year agreement worth $900 million to export Cadillac, Buick and Chevrolet vehicles and components to China.
The agreement is part of a series of trade and investment agreements between China and the United States signed in Chicago during the official visit of Chinese President Hu Jintao to the U.S. GM China Group Vice President David Chen signed the agreement on behalf of General Motors. The vehicle exports are valued at $500 million and the component exports are valued at $400 million.
That's American workers making products for the Chinese market.
That's American workers making products for the Chinese market.
That's roughly 20,000 cars at $25,000 a car.
That's equates out to about 3.4 or so days worth of "sales and production"
that's already occurred as far as the $500 million is concerned. It's quite a bit more difficult to get an average "parts" cost.
Quote:
For Release: 10:45 a.m. EST
February 1, 2011
Month-end dealer inventory in the United States stood at about 510,000 units
I will never own another GM and that's a promise. We now own our third Toyota and are very pleased.
I did own the WORST GM ever made. They were sorry, themselves that they ever made the Cadillac Cimarron, that cute little car from the eighties. Oh, it was a honey and easy to park and I suspect that we got one of the good ones. Sis went to a dealership and in the back she saw six or so of them lined up. Asking about them, she was told that they were using all six to try and put-together one good car.
So Obama will be for the Japanese earthquake after he was against it.
~Obama~
You know, the earthquake affected all non-Japanese carmakers the same way, but only one became #1, and that was GM. Is this bad news for you?
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