Under Restructuring, GM To Build More Cars Overseas

The business climate in the U.S. is going down hill.  And government “intervention” isn’t helping…

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By Peter Whoriskey
The Washington Post

The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company’s new jobs will be filled by workers overseas.

According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.

The proportion of GM cars sold domestically and manufactured in those low-wage countries will rise from 15 percent to 23 percent over the next five years, according to the figures contained in a 12-page presentation offered to lawmakers in response to their questions about overseas production.

As a result, the long-simmering argument over U.S. manufacturers expanding production overseas — normally arising between unions and private companies — is about to engage the Obama administration.

Read the rest:
http://www.washingtonpost.com/wp-dy
n/content/article/2009/05/07/AR2
009050704336.html?hpid=topnews

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One Response to “Under Restructuring, GM To Build More Cars Overseas”

  1. Will Matney Says:

    I personally will not buy one of the GM autos if they are allowed to do this. As a matter of fact, I will not allow one to be parked in front of my house. The people who have paid them with their tax dollars should demand that the monies be returned if this goes forward. This money was given to GM to save American jobs, not to lose them.

    They can keep the jobs here, as all they need to do is cut back on all the models they offer. Plus, the corporate golden parachutes, and the large payday’s can be slashed.

    It’s time that Americans stand up for America, and quit letting the large corporations ship our jobs overseas. The ones who do not stand up and fight, are nothing but traitors to our country.

    Thomas Jefferson would be ashamed of the way our citizens are being raped by big business. As a matter of fact, he warned against it in his time, especially warning us about the bankers.

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