Tuesday, May 15, 2012

GM: Becoming China Motors?

The taxpayers of the United States bailed out General Motors. Today, GM is becoming a largely Chinese corporation.
  • 70% of all GM cars are now manufactured outside the United States, mostly in China.
  • GM has partnered with the Communist Party of China to sponsor a propaganda film called "Birth of a Party."
  • China is purchasing large segments of manufacturing and energy in the United States.
  • Nexteer, a joint venture between China and GM in Saginaw, Michigan, is owned by AVIC, a Chinese manufacturer of military aerospace technology, including advanced missles.
Get all the details in this 9-minute video. It is worth your time to watch.

P.S. I have no quarrel with any corporation expanding and doing business overseas. What I think is of concern is that American taxpayers bailed out this corporation and now they are "in bed" with a Communist country that is using American technology and potentially transferring it to Chinese military hardware development. That is something to be deeply concerned about.

1 comment:

Anonymous said...

Aren't most of those cars that are made in China sold in places other than the US?

The cars made in the US/North America are predominately sold in North America...

I fail to see how this is a big deal?

They have every right to be doing business in China.