Tuesday, September 1, 2009

...they're shutting Detroit down


I love this frigg'n song...

I don't give a god damn what I'm "supposed" to believe as a conservative. What could be more truly conservative than loving one's country and praying one's fellow countrymen be gainfully employed producing products and services of true value?

Is this America?

General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement.

"For us in China, this is an important complement to the rest of our portfolio," Kevin Wale, president and managing director for GM's China operations, told reporters in a conference call.

The venture will use two existing FAW plants in Changchun and the city of Harbin, also in the northeast, with combined annual capacity of roughly 90,000 vehicles, Wale said.

A greenfield plant, currently under construction in Harbin, will add 100,000 units of capacity by the end of next year, he said.

Vehicles made at the venture will carry the FAW brand and will focus on supplying the China market, but they could be exported under a GM brand through the Detroit automaker's global network in the future, Wale said.

GM is making Buick, Chevrolet and Cadillac models at its flagship China venture with SAIC Motor Corp. It also makes minivans, pickup trucks and the Spark compact car in a three-way tie-up with SAIC and Liuzhou Wuling Automobile.

This is where our bailout funds go - to China... to employ Chinese workers...???

This is where a good chunk of our government run - USING OUR TAX DOLLARS - "Cash for Clunkers" program money went... to a firm which seems more concerned with building up the Chinese economy than our own...???

Remember the old misquote "What's good for General Motors is good for the country?" Well folks... it looks like those days are far, far behind us.

God DAMN these greedy ba$tards!

7 comments:

William R. Barker said...

http://www.ft.com/cms/s/0/8fc7dee8-96a1-11de-84d1-00144feabdc0.html?nclick_check=1

China’s manufacturing sector expanded for a sixth straight month in August to a 16-month high according to two indices published on Tuesday...

(*SIGH*)

http://www.ft.com/cms/s/0/0d56d6b0-967b-11de-84d1-00144feabdc0.html

PetroChina has agreed to pay C$1.9bn (US$1.7bn) for a majority stake in two oil sands projects in northern Alberta in the latest of several Chinese investments to help develop the world’s second-biggest oil reserves. ... PetroChina will acquire a 60 per cent stake in the two projects.

EdMcGon said...

This is why I have a good portion of my retirement funds in Chinese stocks. ;)

William R. Barker said...

Re: EdMcGon --

Ed. The bad news is...

I'll do everything possible to ensure you lose most of your retirement savings...

(*WINK*)

The good news...???

Hey... if you ever become a destitute hobo and come knocking at my door... I'll feed you before sending you on your way!

(*HUGE FRIGG'N GRIN*)

BILL

EdMcGon said...

Bill,
Considering only Democrats or Republicans can win elected office in this country, I feel pretty safe with my investment in China. ;)

William R. Barker said...

Re: EdMcGon September 2, 2009 10:39 AM --

(*SOUR FACED EXPRESSION*)

Touche, Ed...

(*MORE THAN HALF SERIOUS FROWN*)

BILL

EdMcGon said...

I'll turn you into a Libertarian yet. :)

EscapeVelocity said...

What is criminal is that Southern Workers at US Car factories are subsidizing the UAW and its high wages and benefits with bailout money.

The UAW drove GM's US operations into the ground...they disallowed GM and other US car manufaturers from locating jobs in the South. Then through reduced barriers to trade, foreign companies from Japan and Germany located in the South....and are cleaning their clocks. And now they want to be subsidized by those same workers and citizens that were given the finger for decades.

How about you hit the unemployment line you greedy bastards who would rather drive a company into the ground or to China, than have Southerners employed with good wages and benefits.

Screw YOU!

Ill never buy another GM or Ford ever again. EVER!