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Thread: Gm moves to China

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    Gm moves to China

    We bail out GM and now they move jobs to China? It makes me ask WTF???????

    GM enters electric car joint venture with Chinese automaker | AHN

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    Re: Gm moves to China

    Welcome to capitalism. Maximize profits at all cost. Community, culture, and country be damned.
    Liberté. Égalité. Fraternité.

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    Re: Gm moves to China

    Being that China is the largest emerging market for them it only makes sense that they would build more production capacity in China. They have had a Shanghai Buick plant over there for years. When you are talking about items as large and as heavy as a vehicle, many times it's cheaper to produce it in the country you are selling them in rather than ship them around the world. That is why Japanese auto makers build many of their vehicles over here. GM vehicles are quite popular in China.
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    Re: Gm moves to China

    ironic isn't it? Capitalism and communism cannot survive without each other.










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    Re: Gm moves to China

    Am I reading this right? There are assembly line workers making $46/hour? That's $95,680.00 plus low/no premiums for healthcare and "free" pensions?

    To further curb costs, GM entered into a four-year labor agreement this week with the United Auto Workers union to encourage the highest-paid hourly workers to retire so the carmaker could employ new workers at lower wages.

    The buyout packages of up to $75,000 would be offered by GM to about 10,000 skilled-traded workers. GM would also pay other workers eligible to retire $10,000 if they would stop working in the next two years. GM then would replace them with new hires at the rate of less than $16 an hour.

    GM is expected to save $30 an hour for every skilled-trade worker replaced with a lower-paid employee or up to $57,000 yearly per worker, according to the Center for Automotive Research.
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    Re: Gm moves to China

    Quote Originally Posted by tessaesque View Post
    Am I reading this right? There are assembly line workers making $46/hour? That's $95,680.00 plus low/no premiums for healthcare and "free" pensions?
    no, that's NOT right. the $30 an hour INCLUDES benefits, and it's still overstated.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Gm moves to China

    See what happens? The government buys you and then sells you to China.

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    Re: Gm moves to China

    Quote Originally Posted by liblady View Post
    no, that's NOT right. the $30 an hour INCLUDES benefits, and it's still overstated.
    The article doesn't say that the $30 includes benefits. Can you provide a link on that?
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    Re: Gm moves to China

    Quote Originally Posted by sawyerloggingon View Post
    We bail out GM and now they move jobs to China? It makes me ask WTF???????

    GM enters electric car joint venture with Chinese automaker | AHN
    It's time to slap huge tariffs on China and give GM the ol' middle finger.
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    Re: Gm moves to China

    Quote Originally Posted by tessaesque View Post
    The article doesn't say that the $30 includes benefits. Can you provide a link on that?
    sorry, meant to say......the average worker makes about 30 bucks an hour, not $46. there are other costs of having employees besides salary and benefits. ss, for one. and i know also know personally what the salaries are, given that my husband retired from gm.


    In the case of GM (cited by Bachus), the wage for a traditional line worker is actually $29.49 an hour, according to GM spokesman Tony Sapienza. That comes to an annual salary of around $61,300. Comfortable, sure, but a far cry from $156,000.

    PolitiFact | Big Three hourly wages inflated


    According to Kristin Dziczek of the Center for Automotive Research, which tracks these things, the typical hourly wage for union employees at the Big Three is about $28 an hour. Wages at the nonunion transplant companies range from $14.60 to $28 an hour, she said. Wages vary even among different plants of the same companies, depending on regional wage standards. For example, Toyota pays $27 to $30 an hour at its plant in Kentucky, but just $20 an hour at a Mississippi plant.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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