GM's China Car Sales Rise 78%. GM to Cut US jobs by 13,500

OK so let me get this straight!

I'm reading how the present administration wants to help create jobs. We can't let GM fail. So they spend BILLIONS of OUR Tax Dollars on GM. Then they turn around and offer it to the highest bidder. Then Sales sky rocket in GM's Chinese sales. Then they shut down even more factories here in the states. All the while they say they need to expand and get Exports up.

Am I reading this right?

Tell me if I'm off base here, Because If I'm not it's yet another example of TPTB looking out for our best interests.


GM's China Car Sales Rise 78%

BEIJING -- General Motors Corp. said Monday its sales in China surged 77.7% in July from a year earlier to 144,593 vehicles, a record for the month in the company's second-largest market.

"This was GM China's best July ever, extending an uninterrupted series of single-month sales records that started in January 2009," GM said in a statement.

China, which overtook the U.S. in January as the world's largest auto market by sales volume, is playing a key role in GM's recovery after it emerged from bankruptcy protection last month.

The company's sales in China during the January-July period rose 42.8% from a year earlier to 959,035 units. GM didn't provide year-earlier figures. It sold 143,294 vehicles in China in June.

GM buyout offers falls short of goal, layoffs loom

DETROIT — About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.

GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500. Monday's report means that about 7,500 too few workers took the offers, setting the stage for more layoffs.

The automaker announced in June and July that it would close 15 U.S. factories employing about 22,000 workers by end of 2012.

[edit on 3-8-2009 by SLAYER69]

Pathetic!

Finally a small light at the end of the tunnel and they turn the keys over to somebody else.


Opel Tops GM’s Agenda as Whitacre Leads First Meeting

Aug. 3 (Bloomberg) -- General Motors Co.’s 13-member board, overhauled with 7 new directors after bankruptcy, will review bids for the Opel brand as part of its first meeting beginning today, people familiar with the planning said.

The two-day gathering in Detroit includes a discussion of asset sales, committee assignments and company goals, said the people, who asked not to be identified because the talks are private. Directors also will receive a product overview at GM’s technical center and test-drive vehicles, the people said.

[edit on 3-8-2009 by SLAYER69]

This administration is doing this on purpose.

No other explanation. They can't be that stupid. Really. They can't.

They want the US to be as beaten down as they can make it, claim it was the Constitution and free market capitalism that caused it, and rebuild the US into the Glorious Peoples Reublic of Barackistan.

That's just my humble opinion, I could be wrong, but *Я думаю что мы все в тревоге, камраде.


*I think we are all in trouble, comrade.

reply to post by mikerussellus


At this point I wouldn't insult the "Istan" Countries with that association they are on the threshold of having their economies take off.

Chinese involvement of any sort in GM is very disturbing for a number of reasons. Firstly, GM makes a lot of US miltary hardware. The less China is involved in the process, the better.

I know the Detroit big three have made big mistakes over the past few decades. They have developed corporate cultures of inefficency and complacency that badly need to be changed. That doesn't mean we need to turn the crown jewels of US industry over to China, however.

I subscribe to a "modified Jeffersonian" view that the US should be a nation of farmers and industrialists. Finance accounted for 12% of US GDP in 2000, I believe. Now its over 20%. Let's not forget a whopping 70% comes from "consumer spending." Instead we should be creating and growing and mining actual THINGS OF VALUE instead of shuffling papers around and manning cash registers.

reply to post by silent thunder


I'm sorry but every time I hear about the mess GM is in I just get so upset at what GM did with great ideas like the Electric car 12 years ago. I wonder sometimes where would they be today if they were the innovators they once were. Would they be in this mess they are in now?

[atsimg]http://files.abovetopsecret.com/images/member/1e4e1db8e5c6.jpg[/atsimg]
EV-1 AKA Chevy Impact

The GM EV1 was an electric car produced and leased by the General Motors Corporation from 1996 to 1999.[1] It was the first mass-produced electric vehicle of the modern era from a major automaker. It was the first GM car designed to be an electric vehicle from the outset. Born as the GM Impact concept car of 1990, a production version came about as a result of a California Air Resources Board mandate that made the production and sale of zero-emission vehicles a requirement for the U.S.'s seven major automakers to sell cars in that state.

The EV1 was initially available in the U.S. cities of Los Angeles, California and Phoenix and Tucson, in Arizona, under a limited lease-only agreement.[2] EV1 lessees were officially participants in a "real-world engineering evaluation" undertaken by GM's Advanced Technology Vehicles group, as well as a market analysis and study into the feasibility of producing and marketing a commuter electric vehicle in select U.S. markets.[3][4] The cars were not available for purchase, and could only be serviced at designated Saturn dealerships. Within a year of the car's release, leasing programs were also launched in San Francisco and Sacramento, California, along with a limited program in Georgia.

Originally posted by SLAYER69
reply to post by mikerussellus

 

At this point I wouldn't insult the "Istan" Countries with that association they are on the threshold of having their economies take off.

My bad. How about Obamaland? The United States of Obamatania? Baracktown? New Cuba? Or The North American Province of China?

-gods, I'm depressed. Is it too early to start drinking yet? For that matter, will Obama buy me a new liver with his plan? Or am I going on a list?-

reply to post by mikerussellus


More like the new Suburb of China inc.

reply to post by SLAYER69


California has a huge history of talking out of both sides of their mouths. Years ago, they had a thriving subway system in LA. This was then bought out through grafts to local politicians, buy the oil industry, so MORE cars could be bought and used in the big cities of California. The electric car has been around for a long time but the taxes that Cali imposed on them made them so expensive that only the very rich could afford them.

GM China out performed GM North America last year as well before the bailouts. It's an entirely seperate Division and in large part it represents the true redistribution of wealth Obama was speaking about during his campaign.

Traditional American Jobs exported overseas has created huge new consumer markets in places like China for things like cars.

Like most communist states the brightest engineering minds tend to be assigned to defense and vital infrastructure. Comsumer good and quality consumer goods for the peasant workers are low on the list of priorities the state itself sets.

In many ways GM demonstrates how it is really American Corporations who run and control much of China where GM has made the best selling car in China for a few years now.

There are some other important strategic things that go along with that.

General Motors Vehicles can be dissabled by the push of a button through Satelites through their OnStar Network. Most of the cars and trucks sold through GM in China could simply remotely be turned off. Much like I suspect Bill Gates could turn off a third of the world's computers with the push of a button.

China becomes no less a slave to technology and American technology than we here in America do. Take away our cellphones, computers and internet connections and our vehicles and most of us would be at a loss for what to do and how to do it.

China is also being enslaved in this fashion at a rapid pace in part because of the rapid industrialization of the nation spurred by American investment and trade.

American Corporate interests grow wealthy and powerful off of this and much of what redistribution of wealth is about is positioning jobs globally to grow distressed and repressed markets by creating jobs, the paychecks that go along with them, and then the retail markets to capitalize off of the new wealth.

The average American can stop it anytime they want simply by not purchasing from or doing business with corporations that export jobs in import foreign made junk.

While many Americans will argue that this is the only source for some goods and there is no other outlet to turn for them, the reality is that the recession has forced many Americans to curtail or forego retail consumer purchases because of a diminished household budget. If you can not buy when you have no money to buy, what really then is the difference of not buying when you have the money to buy?

It can be done, but the reality is that the corrupt corporate government here in the U.S. and their corrupt corporate partners are going to continue funding, building and exploiting foreign markets at the expense of the average American as long as we as average Americans make it profitible for them.

The buck does stop here and the buck does stop with you.

Reward them or punish them the choice is yours, but reluctantly rewarding them has no net difference to them, just determindely punishing them does by not spending your dollars on foriegn made products or with companies that use foreign based customer service.

SLAYER69 took a look before but can't say much.

There is a technology the neither we or China will ever see and
that is guaranteed.

One world traveler mentioned perhaps going to Japan and the
children all had cell phones and the states had nothing like it
at the time.

China the new Japan. Perhaps.
Germany and Japan during WWII had wide ranging aircraft and
radio technology.
Their secret items were similar to unknown aircraft seen the world over now.

One thing that can't be hidden is when a city in the sky comes
floating by your neighborhood.
Wouldn't fly any other way.
First to sell sky condos or time shares.

We know who will stay on the ground, the Illuminati.
The ground of the earth has many life saving organisms,
so who would check out anywhere different.

reply to post by ProtoplasmicTraveler



The problem is just like everything else we have done since the end of WWII is that we just give it away and now they are beating us over the head with many of our own innovations economically speaking.

Meanwhile millions stand in the unemployment line waiting for their checks so they can buy even more garbage at WALMART made in China.

reply to post by SLAYER69


All the durable plastic items are good for families with kids growing up.
Octomom is not the only one buying a yard play set.

Every few years this stuff gets thrown out and new items are bought
until the cycle ends and mom has no where to keep all the kids 'trash'.

Not even married yet and sharing with friends an apartment, a
secretary went home to say hello and her room was gone.
The wall was knocked down for a bigger living room.

Originally posted by SLAYER69
reply to post by ProtoplasmicTraveler

 

The problem is just like everything else we have done since the end of WWII is that we just give it away and now they are beating us over the head with many of our own innovations economically speaking.

Meanwhile millions stand in the unemployment line waiting for their checks so they can buy even more garbage at WALMART made in China.

That is more or less what is happening friend Slayer, we the corporate slaves have our labors taxed to give to the corporate government to subsidize the corporations entry into these markets so that they can profit off of the investment and control in these foreign enterprises while we as citizens/slaves watch our standard of living slip lower and lower, while those people benefitting from our largesse abroad watch theirs go higher and higher by extension.

The U.S. Government more or less enslaves all these nations to our charitable economic and technological give aways and the officials and institutions that administer them, while the people here in the U.S. keep thinking some politician or group of politicians is going to one day change it and turn it around and force us as a citizens to do of the government's volition what we refuse to do of our own volition.

Don't by foreign made products destroy the American Market for them.

Don't feed the government beast, challenge your own taxation that feeds the government beast. People need to look for ways to punish the corporate government and punish the corporations.

Guns and tire irons and pitch forks are fun, but a wise old man once told me, if you really want to hurt someone, hurt them where it counts the most...in their wallet.

Markets really will correct themselves and their is no amount of bailouts that can help a corporation that can not find retail customers for their products.

We as Americans either wish to be Masters of our own destiny or to be Mastered by others who will decide our destiny collectively for us.

People have to stop abdicating what real power that they do have.

The power of their own wallet.

reply to post by ProtoplasmicTraveler


I seriously doubt we will see the return of many of those jobs. Unless we come out with new industries or fields of production this cash cow is broke. I like this part here where they talk about letting the American Tax payer spend their money not the Government. I dont know why we as Americans are not getting fired up over this. They are spending "OUR" money like it's water yet we sit here like sheeple not saying a damn thing!

This seems to run contrary to what they are supposedly trying to stimulate. Consumer confidence. On one hand they want us to build up our savings then on the other they have programs like cash for clunkers out which bribes people to go back into debt so they can stimulate the economy on credit spending. It's a vicious circle if you ask me.

I'm in the middle of writing an in depth thread about the future potential of Americas "Green Economy" Stay tuned.


Obama Officials: End of Recession is Near

"We've lost 2 million jobs since the stimulus bill was passed. And I think what we're seeing in the economy now is the inherent resilience of the American economy and the American people," Pence, the No. 3 Republican in the House, told "FOX News Sunday."

Central to Pence's grievances are the trillions of dollars being spent by the government to drag the economy out of recession. While economists agree spending is required in a recession, Pence said that money would be better spent by the American people, not the federal government.

reply to post by SLAYER69


Honestly Slayer there are few Americans left anymore. Yes, plenty of people live here, yes they are citizens but they have little real grasp of our Constitutional Roots and the sacrifices and self discipline to maintain and attain the privelages and roles our forefathers fought and sacrificed so much to provide for future generations.

There is an excellent chance that 'Brain Washing' and or at least 'conditioning' is playing a critical role in disconnecting citizens from the concept of America and responsibilities as an American.

Between the corporate media and it's carefully crafted editorialized version of the news and technologies like Silent Sound Spread Spectrum possibly being used in conjuction most Americans have been bred for decades to an increasingly mindless state.

That there is something insidious at play is best evidenced right here on ATS in a very lengthy ongoing and hotly debated thread over whether Paul McCartney was killed or died and was replaced by a stand in double to keep the Beatles going.

Most people's initial reaction would be "Who cares" yet when skimming through the thread not only do people care but argue their positions the way you might expect Christians, Jews and Muslims to argue what G-d really wanted or meant.

Many of them have clearly been conditioned into 'cult' like thinking.

That got me thinking so I headed out from the relative safety of my cave to explore the world of South Beach these past few nights and perused the behavoir and social norms of various cliques of people based entirely on the musical genre of the clubs and restaurants they were frequenting and there is little denying that the various forms of music have programed into their listeners various forms of behavior, style and social interaction based on the 'messages' being delivered overtly in the music and possibly covertly as well through subliminal message technology.

Some people content that TV's themselves are simply hypnotic sound devices used for lulling people into various stages of sloth and complacency.

Add to the mix chemicals in beverages, food, and tobacco not to mention a host of recently discovered mental disorders like Adult Attention Deficit Order and Bi-Polar disease and the thought and mind numbing medications these people are put on and what you have is a recipe for a controlled mass of humanity, programmed to believe they are exercizing their own free will, but none the less zigging and zagging in the precise and exact directions they have been programed to act.

In the sureal world of South Beach where the latest pricey and trendy fashions still hold sway, chic restaurants and clubs still do a brisk and profitible business, and the streets are flooded with pedestrians looking to spend and be entertained nothing appears amiss and nothing would appear amiss to people on that treadmill.

America, as far as the American citizen has been fairly nuetralized. While some of us either through sheer presence of mind, self discipline, or our own out of the box forms of self programming seem to think much more crticially and independently and even on occassion act the same, such people are the exception.

The norm is alternatively fat, complacent, docile and non-thinking, or starved and fearful and preoccupied night and day seeking sustinance and basic survival.

There are few people whose minds and personal self discipline allow them to rise to the challenges of today's world and a fair percentage of those who have such apptitude will be coopted and corrupted by the powers that be and join that team.

Sadly it's really not just a case of waking up America, the younger generations and the foreign born have little real concept of what the Constitution is and means and what being an American traditionally entailed.

It's a challenge.

It's never easy being easy and the American citizenry is proof positive of that.

While I don't know for sure, but this could have been part of the restructuring deal they had previously drawn up...

While they sold 144,000 cars or vehicles I should say I wonder how many they can produce with what they now. Meaning if factories right now could produce "x" amount of cars at full capacity, what would that number be?

Tight spot to be in you know, because on one hand you let them fail a long time ago, and Michigan might just totally fall (as if not already), but if you do you know you are throwing $$$ in a furnace..

Nothing is really black and white and no matter how you view this you would have to make some f'd up calls as well along the line that pretty much suck either way

reply to post by GreenBicMan


We could be exporting those vehicles and make some cash. Cooperate America is just simply greedy. Instead of making a comfortable profit they want it all and have a HUGE Margin.


Ford’s July U.S. Sales Rise; GM, Honda Post Declines

Aug. 3 (Bloomberg) -- Ford Motor Co.’s July U.S. sales rose 2.3 percent, leading the way as the government’s so-called cash- for-clunkers incentive may have helped the auto industry to its strongest pace this year.

Other major automakers reported declines, including 19 percent for General Motors Co., 25 percent for Nissan Motor Co., 17 percent for Honda Motor Co. and 9.4 percent for Chrysler Group LLC.

Doesn't China own a major stake in GM China?

If so, then GM is only reaping a fraction of the profits. China is winning this game hands down.

I always wonder why people are so quick to blame immigrants for taking America's high paying jobs when in reality the high paying jobs are being sent overseas.

On a side note, do you feel Americans, we the people, are to blame for a lot of China's success?

Originally posted by jam321
On a side note, do you feel Americans, we the people, are to blame for a lot of China's success?

Dont leave out Walmart in that question.

I seriously do. We buy all the nickle and dime crap thinking we are being smart by saving a few pennies here and there. Meanwhile some will blame China! I dont. I blame everybody but China. I know that may sound odd but they are just being smart unlike the millions here who buy their garbage and then complain to the Government about not having a job.

Meanwhile the Government is giving our last bit of Technological edge away.

The United States to Allow More Hi-Tech Exports to China