Business
See other Business Articles
Title: GM may import a Buick built in China (Envision - Shanghai)
Source:
CNN Money
URL Source: http://money.cnn.com/2015/08/18/aut ... port-buick-china-us/index.html
Published: Aug 18, 2015
Author: Chris Isidore
Post Date: 2015-08-18 22:16:52 by Hondo68
Keywords: Government Motors, of China, Outsourced
Views: 1512
Comments: 12
IHS Automotive says its analysis leads it to believe GM is planning to start shipping a small SUV, the Buick Envision, back to the U.S. by next year. The car is built in Shanghai for the China market. GM builds and sells more cars in China than in the U.S. The Buick brand is very popular in China, far more so than in the U.S. GM would neither confirm nor deny plans to export the Envision to the U.S. "It is all speculation at this point," said Buick spokesman Nick Richards. "To this point we haven't disclosed any plans for it outside of China." There is only one other major automaker, Volvo, which has announced plans to export a car from China to the United States. And Volvo is owned by the Chinese automaker Geely. GM (GM) could face a backlash if it decides to export a Chinese car to the U.S. The federal government spent $49.5 billion bailing out GM when it went through bankruptcy in 2009. GM repaid its loans, but taxpayers ended up with a $10.6 billion loss on the bailout. GM and other automakers' investment in plants in China and elsewhere in the world have been criticized by U.S. politicians, including leading Republican presidential candidate Donald Trump. And GM, along with Ford Motor (F) and Fiat Chrysler (FCAM), is in contract negotiations with the United Auto Workers union. The current pact is due to expire next month. A key union demand in those talks is guarantees from the automaker to build as many cars as possible for the U.S. market at U.S. plants. Related: The 7 most 'American' cars The Envision is a compact SUV, and Buick does not currently offer a small SUV for its U.S. buyers. IHS forecasts that GM would be selling about 38,000 Envisions in the U.S. by 2017, compared to about 126,000 it is now selling annually in China. "I think it's much more needing the product in the U.S. market than having excess capacity in China," said IHS analyst Stephanie Brinley. "It'll be a nice boost for Buick in a popular segment of the U.S. market." So far the growing demand for cars by Chinese buyers has swallowed up most of the output from auto plants there. But more auto plants are being added in China every year by car makers focused on the market and Chinese economic growth is slowing. So some critics of U.S.-China trade policy are concerned that China could soon take aim at capturing a significant share of the U.S. auto market, hurting output from U.S. plants. Related: SUVs are kings of the road once again But even if GM does start to export Chinese cars to the U.S., that won't necessarily be opening the door to Chinese cars flooding the market here, said Brinley. "It's not going to be viewed by buyers as a Chinese vehicle," she said. "The Buick Encore is imported from South Korea. The Cascada will be coming from Europe. Most people don't even know where the cars come from. I don't think this means U.S. consumers will be more inclined to accept a Chinese automaker." Poster Comment: British Chinese Babblefish translation, sales-pitch. General Motors may be the first U.S. automaker to build a car in China and sell it in the U.S. market.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: hondo68 (#0)
(Edited)
This article explains much of what is wrong with the American economy.
You mean to say, "This article explains much of what is wrong with the change within" the American economy. And, you can count every Congressional Critter & President & SCOTUS member for the last 65 years for their personal pledge to destroy America as we knew it.
China rocked the world’s financial markets this week by devaluing its currency for 3 days in a row, the biggest devaluation in 2 decades. But 41 years ago, Nixon announced Executive Orders that rocked the world with not only currency devaluation but the creation a New Currency World Order. At the same time, Kissinger was secretly opening up China, laying the groundwork that would decimate American manufacturing and leave the USA a debtor to China. http://www.infowars.com/the-new-currency-world-order/ Don't forget that Nixon also ended the linkage of the USD wih respect to the Au standard. Yup, a brave new world at the stroke of President's pen.
Wouldn't you really rather have a Buick?
THERE is a shocker! Is this the first economic crack in the Swedish welfare state? Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
Gee,who would ever think a thing like that? Surely our politicians don't think that way! But even if GM does start to export Chinese cars to the U.S., that won't necessarily be opening the door to Chinese cars flooding the market here, said Brinley. "It's not going to be viewed by buyers as a Chinese vehicle," she said. "The Buick Encore is imported from South Korea. The Cascada will be coming from Europe. Most people don't even know where the cars come from. I don't think this means U.S. consumers will be more inclined to accept a Chinese automaker." Spoken like the bidnez school globalist parrot that she is! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
It was a mystery to me back then how "Mr Wage and Price Controls" could be hammered in the press and the political arena as a conservative/right-winger. That was honestly MY own personal moment of realism as to the political reporting of the national media. Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012)
It shouldn't really be a mystery, as "The Trickster" made enemies for life in his early days as an anti-communist pit bull. The ruling party has a long memory - and it saw Nixon (with his humble Quaker beginnings) as an interloper and a ruling class pretender. So when he - through his own psychological shortcomings (particularly his paranoia)- gave them the ammunition to destroy him, they gladly followed through. But of course while he was president he did the ruling class' bidding (growing government, groveling to China, etc). He thought he could finally win favor with his puppetmasters Boy, was he ever wrong. "Blessed is the nation whose God is the LORD . . . " ~Psalm 33:12a
Also, he was from the "R" branch, so he couldn't publicly be praised (remember this was before "right wing" talk radio or "right wing" Fox News) Now it's safe for the ruling party to say positive things about R's (through their mouthpieces, of course); but then it wasn't. "Blessed is the nation whose God is the LORD . . . " ~Psalm 33:12a
How are GM products considered, "Made in America?"
Now that there may be one difficult question!
GM may import a Buick built in China
#2. To: rlk, hondo68 (#1)
This article explains much of what is wrong with the American economy.
#3. To: buckeroo (#2)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#4. To: hondo68 (#3)
#5. To: hondo68 (#0)
Made in America?
#6. To: hondo68 (#0)
Volvo is owned by the Chinese automaker Geely
#7. To: hondo68 (#0)
(Edited)
So some critics of U.S.-China trade policy are concerned that China could soon take aim at capturing a significant share of the U.S. auto market, hurting output from U.S. plants.
#8. To: hondo68 (#3)
#9. To: sneakypete (#8)
It was a mystery to me back then how "Mr Wage and Price Controls" could be hammered in the press and the political arena as a conservative/right-winger.
#10. To: sneakypete (#8)
It was a mystery to me back then how "Mr Wage and Price Controls" could be hammered in the press and the political arena as a conservative/right-winger.
#11. To: Chuck_Wagon, hondo68 (#5)
Wouldn't you really rather have a Buick? Made in America?
#12. To: buckeroo (#11)
How are GM products considered, "Made in America?"
Or maybe not. Depends on how you ask or answer it I suppose!
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]