U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-17-2008, 06:38 AM
 
29,215 posts, read 52,031,950 times
Reputation: 21643

Advertisements

NEW DELHI: It may be laying off factory workers in its troubled home market US, but General Motors will be hiring new workers in India at its new
plant at Talegaon in Maharashtra as the company expands .

GM to hire 500 new workers for Talegaon plant-India Business-Business-The Times of India
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-17-2008, 08:53 AM
 
Location: Dixie's Sunny Shore
1,367 posts, read 3,132,665 times
Reputation: 830
How does GM think this type of news will be taken in America? So many people are ready to let GM crash and burn and then this type of announcement comes forth! I have owned a few GM vehicles, and in MI they are everywhere, but this news troubles me. And news just came across at CNN about thousands of job cuts in the banking industry, Citigroup. When does this end? Before long the jobless will outnumber those with jobs in this country. Maybe we should relocate to the countries where these jobs are going.

Last edited by TNKY; 11-17-2008 at 09:02 AM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-17-2008, 03:47 PM
 
Location: Rockland County New York
2,984 posts, read 5,559,901 times
Reputation: 1296
Just think how much 25 billion can do to help build GM plants in India. Thanks to the American tax payer Indian workers will be very fortunate. Believe me you will not see any trace of this story on any of the major news networks.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-17-2008, 05:11 PM
 
Location: In my playhouse.
1,047 posts, read 2,644,689 times
Reputation: 1730
This makes me sick. I have been for helping them because I felt like it would mean jobs in this country - America. It would make more sense if India would kick in 25 billion. I'm glad I don't own a GM vehicle.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 12:28 PM
 
48,507 posts, read 91,383,287 times
Reputation: 18216
They also just announced the opening of a new palnt in russia. I can see themn getting more into foreign markets but they shouldn't then want the US tax payer to bailout their US business.Money spent overseas is m0oney not aviolable for weahyt they say they need here.Chapter 11 looks better so that we see thru the coutrs just exactly how they want to spoend their moneyas seen thru court filings.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 01:56 PM
 
Location: The Great State of Texas, Finally!
5,389 posts, read 11,517,948 times
Reputation: 2559
I don't think this will make a difference for GM. Maybe for the people in New Delhi. I, for one, am miffed at yet another company shipping our jobs overseas. So not only do they make cr*p cars, but they have cr*p business practices. I'm glad I don't own a GM.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 01:59 PM
 
Location: CA
2,464 posts, read 6,171,302 times
Reputation: 2632
Are they selling the cars in India? If they are then it would make sense to build them there.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 02:21 PM
 
Location: Kansas
3,855 posts, read 12,561,749 times
Reputation: 1722
GM manufactures cars all over the world. Some cars it builds on other continents do not make it to America. So it's not like a situation where we shipped our work overseas only to see the product come back which was made in sweatshops by toddlers. The cars are made in India and sold in India much in the same respect that Euro and Asian car makers are building and selling their products in the US.

It's all in the accounting. They may be profiting $X overseas but if they are losing $2X domestically it still means they are in trouble.

Last edited by drjones96; 11-18-2008 at 02:58 PM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 02:50 PM
 
5,698 posts, read 9,444,227 times
Reputation: 8257
Quote:
Originally Posted by Stac2007 View Post
Just think how much 25 billion can do to help build GM plants in India. Thanks to the American tax payer Indian workers will be very fortunate. Believe me you will not see any trace of this story on any of the major news networks.
I haven't seen this story on the news sites I frequent. It's really sad that American workers are losing good jobs by the thousands while the public is being brainwashed about the benefits of NAFTA, job outsourcing, etc.

Now these companies want a bailout?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-18-2008, 03:00 PM
 
1,651 posts, read 2,901,901 times
Reputation: 289
Quote:
Originally Posted by John1960 View Post
General Motors will be hiring new workers in India
I'm not ****ing surprised there!
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business

All times are GMT -6. The time now is 08:34 PM.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top