yuppiejr wrote:My 2013 Kia is made in West Point, Georgia - USA. If you exclude the components made in Canada I believe it has more US made parts than my GMC Yukon...
Rip Van Winkle wrote:Here's a test for everyone who owns an "American" car or truck. Check the first digit of your car or truck's VIN# if it is anything other than a 1 it was made outside the US.
As for GM expanding into China, they'd be foolish not to. China is an enormous and expanding market.
Sales of luxury cars in China could exceed the US by 2016 and touch levels similar to Western Europe sales by 2020 as incomes rise in tandem with the rapidly-expanding economy, according to a McKinsey & Co report cited by multiple media sources.
The global management consultancy said that demand for premium cars in the world's second- biggest economy will increase over two-fold by 2020 to 3 million from the 1.25 million sales recorded in 2012. McKinsey expects luxury-car deliveries to touch 2.25 million by 2016.
China has already become the world's top automobile market with 4.3 percent year-on-year sales increase in 2012. Premium auto sales have jumped 36 percent annually over the past 10 years while the overall passenger-vehicle market grew 26 percent, McKinsey said.
Tronster wrote:After working on GM cars versus other brands, I'll never buy a GM. The materials used are definitely made to be as cheap as possible.
More and more Toyotas are made here now, and they are much higher quality.
Thank God most of our guns come from either here or Europe. It would be ironic to fight off a Chinese invading army with Chinese guns.
minnhawk wrote:If you want to get mad, ask why the UAW was given half of GM by the Obama administration FREE. Ask why GM bondholders were told their investments would not be honored. Widows, retirees, pension funds all took it on the chin because they owned GM Bonds that were declared valueless by Obama. Still in the courts 5 years later, no resolution.
sansooshooter wrote:minnhawk wrote:If you want to get mad, ask why the UAW was given half of GM by the Obama administration FREE. Ask why GM bondholders were told their investments would not be honored. Widows, retirees, pension funds all took it on the chin because they owned GM Bonds that were declared valueless by Obama. Still in the courts 5 years later, no resolution.
The answer to that one is a political pay back to the union for support in elections. Cronyism at work.
The U.S. government plans to sell 40% of its General Motors stock within weeks and to sell the rest of its shares within 12 to 15 months, officials announced this morning.
STORY HIGHLIGHTS
Will sell all GM shares in 12 to 15 months
Company will buy back 200 million shares within weeks for $5.5 billion
Buyback share price is $27.50, but U.S. needed $53 to break even on bailout
The plan the U.S. announced today to sell its remaining 500 million shares of General Motors virtually guarantees a substantial taxpayer loss on the $49.5 billion bailout.
The Treasury Department today said that it will sell all its stock in GM within 12 to 15 months and sell 40% of its stake within weeks, starting with a $5.5 billion deal for GM to buy back 200 million of its shares as soon as next month at $27.50 per share.
The government would have needed about $53 per share for its 26% stake to break even on the bailout. The deal negotiated with GM for the 200 million shares will cut the U.S. stake to 19% but raise the price needed to break even on the remaining 300 million government shares to nearly $70.
Uffdaphil wrote:Obama's defrauding of the bondholders is the biggest reason I am anti-GM. However, I don't want to see them fail and hurt thousands of hard working citizens in all the related companies dependent on them.
It was hard to resist a good deal on a new year old Caddy CTS-V wagon (or Jeep SRT8) but ultimately, Obama's re-election caused me to spend all my cash on AR's and ammo instead and resolved my dilemma.
sansooshooter wrote:With that being said, China does produce a lot of poor quality goods. I am in manufacturing and my company competes against Chinese companies .
We have had quite a few customers come back to us after going to China to get a price cut. But after a bout of quality control issues .
They come back and pay more here to be assured of good products.
White Horseradish wrote:sansooshooter wrote:With that being said, China does produce a lot of poor quality goods. I am in manufacturing and my company competes against Chinese companies .
We have had quite a few customers come back to us after going to China to get a price cut. But after a bout of quality control issues .
They come back and pay more here to be assured of good products.
China can produce everything as good as anyone else. The thing is, it will cost you same as anyone else. The reason they make crap is not because they aren't capable, it's because we order crap and are only willing to pay crap prices.
grousemaster wrote:
We also pay a lot for good quality imports. I think the Chinese do lack the capability/technology to product many of the high quality items we pay top dollar for.
grousemaster wrote:White Horseradish wrote:China can produce everything as good as anyone else. The thing is, it will cost you same as anyone else. The reason they make crap is not because they aren't capable, it's because we order crap and are only willing to pay crap prices.
We also pay a lot for good quality imports. I think the Chinese do lack the capability/technology to product many of the high quality items we pay top dollar for.
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