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Date Posted: 18:12:41 05/28/09 Thu
Author: -S.
Subject: Report: GM to import Chinese cars; trickle in 2011 will turn to flood in 2014

Wow. I just spotted this. I should know better by now, but I never thought GM could be THIS stupid. If GM really does this- why on Earth would anyone buy a General Motors car? "Yeah, they suck- but at least they're made in China now"? WTF?

Didn't the government give them billions of dollars in bailout money in order to save American jobs? And now they want to flood our shores with Chinese made cars?

IMHO, if they go ahead with this- stick a fork in 'em, Boys. They're all done.
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Report: GM to import Chinese cars; trickle in 2011 will turn to flood in 2014


http://content.usatoday.com/communities/openroad/post/2009/05/66670925/1

"The dreaded wait for Chinese-made cars to hit America's shores may end in two years.

General Motors is telling U.S. lawmakers that it plans to import cars from China starting in 2011, Automotive News reports citing a planning document circulating in Congress. GM would become the first major automaker to bring Chinese cars to the U.S. It would import 17,335 the first year, tripling that volume to 51,546 in 2014, according to the report, dated last Tuesday.

Most likely candidates would be small vehicles similar to the planned Chevy Spark, a minicar that's going to be made by GM in South Korea where it has its Daewoo subsidiary.

China's auto industry has grown so fast -- sales this year have outpaced those in the U.S. -- that an influx of Chinese cars has long been anticipated. Frankly, as of a couple years ago, lots of observers thought they would be arriving by now.

China's internal demand has been so great, there's been little incentive to export. Plus, China is still a developing market that has lower quality standards than the U.S.

While the U.S. market has fallen apart, GM has continued to see some of its greatest success in China. Yet the disclosure could prove pricklish for GM. The automaker is operating on billions of dollars in government loans, and is seeking more. The government's interest is in saving U.S. jobs, both at the automaker and its suppliers. Importing cars from China doesn't exactly further that interest."

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