Friday, May 15, 2009

Maybe this announcement by GM makes it clearer ...



GM Plans to Import Chinese-Built Vehicles Into US in 2011





http://blogs.wsj.com/autoshow/2009/05/13/gm-plans-to-import-chinese-built-vehicles-into-us-in-2011/





General Motors plans to start importing Chinese-built vehicles into the U.S. in 2011, according to an outline the auto maker has submitted to members of the U.S. Congress.

GM currently manufacturers vehicles in China for sale in Asia. But the company plans for the first time to ship some of those vehicles to the U.S. to save on manufacturing costs.
A summary of the plan, obtained by Dow Jones Newswires, shows that GM plans to import 17,335 Chinese-built vehicles into the U.S. in 2011. The imports from China would jump to more than 38,000 in 2012 and more than 53,000 in 2013, the document shows. Imports from other countries, including South Korea, Japan and Mexico, would also increase. The plan is part of a broader cost-cutting strategy by GM, which has said it intends to cut 21,000 manufacturing jobs in the U.S. while increasing imports into the country.





What car might that be?


http://autonews.gasgoo.com/auto-news/1010436/GM-s-China-made-car-import-plans-to-be-settled.html


According to a confidential 12-page presentation to members of Congress on Monday, quoted by Automotive News, General Motors plans on selling about 17,300 China-made vehicles in the U.S. in 2011. The number is expected to blossom to 51,500 units by the year 2014.
The report suggests that the China-made vehicles will be small cars similar to the upcoming Chevrolet Spark. It also expects to see annual imports from South Korea to the United States jumping from 36,967 units to 157,126 in 2014. However, the import plans could change in the coming months, pending forthcoming negotiations with the UAW. GM has continued to see some of its greatest success in China. Its April sales in China hit a record high of 151,084 vehicles, driven by demand for Buicks and minivans produced in cooperation with local auto maker Wuling, it said.

What Car Brands are we talking about?
http://en.wikipedia.org/wiki/History_of_General_Motors
General Motors Corporation, also known as GM or GMC, is the world's second largest car manufacturer based on annual sales.[1] Founded in 1908, in Flint, Michigan, GM employs approximately 266,000 people around the world. With global headquarters at the Renaissance Center in Detroit, Michigan, USA, GM manufactures its cars and trucks in 35 countries. Its European headquarters is in Zurich, Switzerland. In 2007, 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn and Vauxhall.

Post-war growth
At one point GM had become the largest corporation registered in the United States, in terms of its revenues as a percent of GDP. In 1953, Charles Erwin Wilson, then GM president, was named by Eisenhower as Secretary of Defense. When he was asked during the hearings before the Senate Armed Services Committee if as secretary of defense he could make a decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation "because for years I thought what was good for the country was good for General Motors and vice versa". Later this statement was often misquoted, suggesting that Wilson had said simply, "What's good for General Motors is good for the country." At the time, GM was one of the largest employers in the world – only Soviet state industries employed more people. In 1955, General Motors became the first American corporation to pay taxes of over $1 billion.[9]

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