Taxpayers give Billions to Save GM... Company ships Jobs to China and Mexico

[lib2DaBone]

..they are still at it..nothing has changed. GM takes $15 Billion in Taxpayer money. Their plan? To import more cars from China and Japan.
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http://apnews.myway.com/article/20090514/D985PEDO0.html

Chinese imports could bring GM political troubles

(snip)

DETROIT (AP) - As thousands of General Motors workers await word on more U.S. plant closures, reports that the company plans to import Chinese-made vehicles to the U.S. have created a political problem for the automaker and the White House.

The reports, which GM will neither confirm nor deny, could mean trouble because GM is supported by $15.4 billion in U.S. government loans, largely due to the Obama administration's desire to preserve the company's 90,000 U.S. jobs.

The United Auto Workers charged last week that the Detroit automaker intends to almost double over the next five years the number of vehicles it imports to the U.S. from Mexico, South Korea, China and Japan.

On Wednesday, Shanghai Securities News and other Chinese media reported that GM plans to begin exporting vehicles from China to the U.S. within two years, ramping up sales to more than 50,000 by 2014.

[Bandit]

1. Was it GM or Chrysler that gave controlling interest over to Retirees?

As owners of fifty five percent of the Stock I would think they would have some say.

[stillcool]

2. I don't understand why it is called..

shipping jobs, when GM is a global corporation. Aren't the majority owned subsidiaries/partnerships in Africa, Middle East, Asia Pacific, Europe, South America independent of each other?
http://www.gm.com/corporate/about/global_operations/index.jsp

[msongs]

3. whose fault? AMERICANS who buy those foreign cars. look in the mirror America nt

[Romulox]

4. What part of "The Obama admin. is in control of GM" do you not get?