GM plans to export China-made cars to U.S.
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Joined: Dec 2008
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From: U.S.A.
Primarily what killed off Yugo was the slightly more expensive, but considerably less awful Hyundai Excel. People bought that small cheap car. Look at Hyundai now!
Don't get me wrong, I do not want GM to import Chinese vehicles to the U.S. and would not buy one if they did. But outside car enthusiast circles, don't underestimate what people will sacrifice for cheap.
Don't get me wrong, I do not want GM to import Chinese vehicles to the U.S. and would not buy one if they did. But outside car enthusiast circles, don't underestimate what people will sacrifice for cheap.
While car nuts buy mostly on passion, what is truly needed by people is transportation that they can afford. If a Chinese made Chevrolet is selling for $5,000 less than its next closest competitor a lot of people will buy the Chinese made car; you don't have to look much further than Wal-Mart to see proof of that.
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Joined: Sep 2002
Posts: 9,705
From: Oakland, California
Interesting...
http://www.bloomberg.com/apps/news?p...PE_PM&refer=us
GM May Trim Imports ‘Substantially’ to Help Win Labor Accord
By Jeff Green and Greg Miles
May 14 (Bloomberg) -- General Motors Corp., facing a probable bankruptcy by June 1, is willing to “substantially” cut planned U.S. imports from China and elsewhere to get a money-saving agreement with the United Auto Workers.
Using U.S. production instead of imports would pivot on whether the UAW can build the vehicles at a cost GM can afford, Chief Executive Officer Fritz Henderson said today in a Bloomberg Television interview. He said Detroit-based GM had forecast a 12-fold increase in imports to 235,000 by 2014.
“This is a discussion we’re having with the UAW,” Henderson said. “We’re most profitable when we build where we sell.”
By Jeff Green and Greg Miles
May 14 (Bloomberg) -- General Motors Corp., facing a probable bankruptcy by June 1, is willing to “substantially” cut planned U.S. imports from China and elsewhere to get a money-saving agreement with the United Auto Workers.
Using U.S. production instead of imports would pivot on whether the UAW can build the vehicles at a cost GM can afford, Chief Executive Officer Fritz Henderson said today in a Bloomberg Television interview. He said Detroit-based GM had forecast a 12-fold increase in imports to 235,000 by 2014.
“This is a discussion we’re having with the UAW,” Henderson said. “We’re most profitable when we build where we sell.”
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