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GM: General Mao?

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GM: General Mao? Empty GM: General Mao?

Post by Keli Thu May 14, 2009 10:22 am

Chinese imports could bring GM political troubles

May 13, 11:59 PM (ET)

By TOM KRISHER


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.

"GM should not be taking taxpayers' money simply to finance the outsourcing of jobs to other countries," Alan Reuther, the union's Washington lobbyist, wrote in a letter to U.S. lawmakers.
Keli
Keli

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GM: General Mao? Empty Re: GM: General Mao?

Post by SheikBen Fri May 15, 2009 7:18 am

It's hard to have any sympathy for the UAW or GM. Why do we arbitrate? The UAW helped bring down GM, in turn cutting off their own feet. As far as I can tell, government should not have tried to intervene in this murder-suicide.

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