Quote:
Originally Posted by Number 3
It's a global economy. GM in China is a a JV with SAIC. GMs presence in India is a JV with SAIC. So now they now own 1% of GM. This is hardly worth a mention.
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Clearly it's a global economy, America has made it such by outsourcing so much work to developing countries, which is the crux of my question how can the UAW reconcile that with the interests of it's membership? Something tells me the UAW leadership doesn't give a hoot as long as they get their loot.
I personally have no problem with China owning part of GM; it's a huge business opportunity. I've been to Shanghai twice and was absolutely shocked at the number of Buick's and Chevrolet's on the roads. The Chinese people love American cars, the problem is the communist government makes it nearly impossible for the average citizen to buy a car. They impose a 35% "fee" on the purchase of a car, which is in addition to sales taxes and licenses.