GMs new secret weapon......LOL

JALLEN4 wrote:

Terryallan wrote:

Perrysburg Dodgeboy wrote:

Terryallan wrote:
Why did they wait so long?

:h not sure what you mean by this. Has GM had issues with previous new product launches? I think why they have done this is due to the fact their (every auto manufacture) vendors are lite in the engineer area maybe.

Don

To try to come up to Ford's truck standard. To try to be more like Ford. Their trucks have remained virtually unchanged for the last several years, While Ford has marched steadily forward. The only place GM is expanding in, Is China. They have lost 70,000 jobs in the US since the bailout. They are growing in China. We in effect paid them to move jobs to China.

That would really be a mis-representation of facts. GM is down 76,000 jobs in the U.S. dating back to 2005. Since the bailout, they have actually added 23,000+ jobs and invested around 11 billion in North America. More than has been invested in China.

GM would be remiss if they were not investing heavily in China. The Chinese new vehicle market is now substantially larger than the U.S. market and GM is now selling more cars there than in the U.S. The projections are for the China market to be double the annual U.S. market volume by 2020.

It would be erroneous to characterize GM sending jobs to China at the expense of U.S. jobs. It is an international market and what is happening is no different than Toyota building cars in the U.S. At least in this case, the profits are flowing back to the U.S. rather than going the other way.

that is not the way it was reported Friday. Accoring to what I saw friday. GM has shed 70,000 since the bailout, and is in fact only growing in China. And that is due to the Luxury car market growing in China. Not my ststs. But CNBC's