Go Back   Club Conspiracy Forums > General Conspiracy Discussion > Opinions
FAQ Members List Calendar Search Today's Posts Mark Forums Read



Reply
 
Thread Tools Display Modes
  #1  
Old 12-17-2008, 08:07 PM
NotThe1 NotThe1 is offline
Senior Member
 
Join Date: Sep 2008
Posts: 252
Default GM Opens Eighth China Plant?? WTF


In a world of deceit, GM builds a 1/2 Billion Dollar plant as it crys the blues...

GM Opens Eighth China Plant, Won't Add Further Capacity Soon

By Tian Ying

Dec. 17 (Bloomberg) -- General Motors Corp. opened its eighth vehicle plant in China and said it had no plans for adding further capacity amid slowing demand in Asia's biggest auto market.

This ``has been a big year in terms of expansion'' and it ``probably will keep us occupied for the foreseeable future,'' Kevin Wale, GM China's president, said by phone today. He spoke from the northeastern city of Shenyang after the opening of the carmaker's new 2.67 billion yuan ($390 million) plant.

GM expects to boost China sales about 9 percent next year as it adds new models and an economic stimulus plan helps revive overall demand. Auto sales in China have declined in three of the past four months because of the global economic slowdown.

``That is a short-term downturn,'' Wale said. We are ``building capacity for the long term and we are very comfortable with what we are doing.''

GM, the biggest overseas automaker in China, is counting on emerging markets and U.S. aid to help it survive a plunge in North American sales. The Detroit-based automaker expects to sell as many as 1.2 million vehicles in China next year, Wale said on Dec. 5.
GM Opens Eighth China Plant?? WTF

Reply With Quote
  #2  
Old 12-17-2008, 08:11 PM
BlueAngel BlueAngel is offline
Senior Member
 
Join Date: May 2007
Posts: 10,799
Default Re: GM Opens Eighth China Plant?? WTF

Quote:
Originally Posted by NotThe1 View Post
In a world of deceit, GM builds a 1/2 Billion Dollar plant as it crys the blues...

GM Opens Eighth China Plant, Won't Add Further Capacity Soon

By Tian Ying

Dec. 17 (Bloomberg) -- General Motors Corp. opened its eighth vehicle plant in China and said it had no plans for adding further capacity amid slowing demand in Asia's biggest auto market.

This ``has been a big year in terms of expansion'' and it ``probably will keep us occupied for the foreseeable future,'' Kevin Wale, GM China's president, said by phone today. He spoke from the northeastern city of Shenyang after the opening of the carmaker's new 2.67 billion yuan ($390 million) plant.

GM expects to boost China sales about 9 percent next year as it adds new models and an economic stimulus plan helps revive overall demand. Auto sales in China have declined in three of the past four months because of the global economic slowdown.

``That is a short-term downturn,'' Wale said. We are ``building capacity for the long term and we are very comfortable with what we are doing.''

GM, the biggest overseas automaker in China, is counting on emerging markets and U.S. aid to help it survive a plunge in North American sales. The Detroit-based automaker expects to sell as many as 1.2 million vehicles in China next year, Wale said on Dec. 5.
GM Opens Eighth China Plant?? WTF
You didn't think the automakers were going to go out of business, did you?

America and China.

Such enemies, we are.

Aren't we?

More like very CHEAP business partners.
Reply With Quote
  #3  
Old 12-17-2008, 11:23 PM
NotThe1 NotThe1 is offline
Senior Member
 
Join Date: Sep 2008
Posts: 252
Default Re: GM Opens Eighth China Plant?? WTF

it seems so. To bad we paid for this move.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -6. The time now is 07:02 PM.

Powered by vBulletin® Version 3.6.12
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.