Here's where your job went. Thanks Democrats and Republicans!

[Postman]

http://www.gmchina.com/english/

[blue_onyx]

1. Huh?

How has GM selling vehicles in China taken our jobs?

[sharp_stick]

2. Beats me

but I guess finding someone, anyone, to blame makes some people feel better.

[dixiegrrrrl]

3. Hasn't "taken" our jobs, has "disappeared" our jobs.

GM has 7 car making plants in China, has plant or plants in Brazil, which it built/is building AFTER taking TARP money ( and giving the TARP money to GM was illegal, btw ).
The poster seems to be pointing out that instead of building cars in the USA and sending them to other countries, we are exporting the plants and the jobs to other countries.
And busting the unions in the process.

[blue_onyx]

4. Wrong

GM builds cars in China for the Chinese market because their country requires it. If only the US was smart enough to enact trade policies that benefit our companies, citizens, and country.


"giving the TARP money to GM was illegal"

No it wasn't.

[Hannah Bell]

5. where'd they get the money to build the state-of-the-art plants?

since they were posting losses...

they opened new plants in china 2007, 2008, & 2009...

[Romulox]

7. From the Chinese. Who buy their cars. nt

[Hannah Bell]

8. wrong.

[Romulox]

9. Link. nt

[Hannah Bell]

12. "FDI inflows in the Chinese automotive industry started to accelerate sharply...

"FDI inflows in the Chinese automotive industry started to accelerate sharply with the expansion of the JV from 1992. There were about 20 JVs till the end of 1989, but they increased to 120 in 1993 and skyrocketed to 604 in 1998, with an accumulated investment of $21 billion, accounting for 9 percent of China’s total FDI stock during this period (according to Ministry of Foreign Trade and Economic Cooperation data).

As a pioneering foreign carmaker in China, Volkswagen was the colossus of China’s car scene for years... the company represented more than 50 percent of market share in China for almost 15 years...

However, the monopolistic position of Volkswagen in China is seriously threatened by new entrants and
developments of other foreign and national carmakers, due to the explosion of vehicle demand in China since 2001...

GM entered the Chinese market with a $1.5 billon investment in its Shanghai joint venture with SAIC in 1997, which is the biggest Sino–American joint venture, producing its famous Buick Saloon...

http://www.commerce.uct.ac.za/Managementstudies/Courses/BUS2010S/2007/Nicole%20Frey/Readings/Journal%20Articles/Contemporary/Five%20Competitive%20Forces%20in%20China's%20Automobile%20Industry.pdf

[Romulox]

10. Can't find good numbers, but for instance, this link says GM earned $600 mil. in China in '02, '03

http://goliath.ecnext.com/coms2/gi_0199-167569/GM-profits-in-China-triple.html

:hi:

[Hannah Bell]

11. and?

[dixiegrrrrl]

13. try this link RE: TARP illegal for GM.

"Illegal Lending Practices
Bush's plan to help carmakers is not authorized by law.

(snip)
The Emergency Economic Stabilization Act, which created TARP, authorized Treasury Secretary Henry Paulson "to purchase, and to make and fund commitments to purchase, troubled assets from any financial institution," the aim being "to restore liquidity and stability to the financial system."

Paulson already was stretching the law when he decided instead to purchase stakes in banks (presumably on the theory that shares of their stock constituted "troubled assets"). But a carmaker is not a "financial institution," and loaning it money is not purchasing "troubled assets."

http://www.reason.com/news/show/130600.html

Did I miss Congress making it legal after Jan. 09????

[Romulox]

6. I love how "progressives" are uncomfortable with GM making any money at home OR abroad

Only Toyota's corporate profits are pure!