Taxpayer to invest $691 million for GM plants in Mexico | TigerDroppings.com

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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2760 posts

Taxpayer to invest $691 million for GM plants in Mexico



...Detroit? North Carolina? Ohio?




quote:

MEXICO CITY (Reuters) -- General Motors outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant.

The plans include a new factory in Silao in central Mexico to build 8-speed transmissions and an upgrade to an existing factory in San Luis Potosi that will make next-generation transmissions, GM Mexico President Ernesto Hernandez said in a statement.


LINK

Well ain't that special.

GM still owes the taxpayer(thats you and I) well over $20 billion. We have millions of people unemployed or under-employed right hena in the good ole U.S. of A. but GM choses to spend millions of our taxpayer money down south of the border.


Hope all these folks in states like Ohio & Michigan that voted for the little community organizer enjoy their part-time jobs at Wal Marks and McDonalds.

Hoax & chains baby...



This post was edited on 6/27 at 8:41 am



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Beer Bryant
Alabama Fan
In a Hidden Bunker
Member since Jan 2012
8792 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


Romney shipping jobs out of the country. Also, Ann has a horse.





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DawgCountry
Kennesaw St. Fan
Burger Inn
Member since Sep 2012
12587 posts

re: Taxpayer to invest $691 million for GM plants in Mexico








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Lsut81
USA Fan
Member since Jun 2005
65373 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

Taxpayer to invest $691 million for GM plants in...


These bastards should have been forced into bankruptcy and all union pensions forced to be renegotiated.

I will NEVER buy a GM car






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Beerinthepocket
LSU Fan
Dallas
Member since May 2011
597 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


Ever consider that this could be because it would be unprofitable to manufacture these in the US due to certain regulations so they are doing it in Mexico to help the bottom line and in turn allow for more cash flow to pay down their debt?

It doesn't always make sense to make things in the US.






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Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
14950 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


No doubt GM will claim it can make a bigger profit in Mexico thus enabling them to pay off that 20 billion quicker.





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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
300782 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

Ever consider that this could be because it would be unprofitable to manufacture these in the US due to certain regulations so they are doing it in Mexico to help the bottom line and in turn allow for more cash flow to pay down their debt?

then the bailout is proven to be an even bigger load of horse shite. the entire justification was b/c we needed GM to invest here and create American jobs. without that threat, the bailout was pointless






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Beerinthepocket
LSU Fan
Dallas
Member since May 2011
597 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

No doubt GM will claim it can make a bigger profit in Mexico thus enabling them to pay off that 20 billion quicker.


Which is with out a doubt true. If the projections for that plant being located there were not more profitable than any other location it would not be built there barring some regulation that forces GM to build it there.






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Lsut81
USA Fan
Member since Jun 2005
65373 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

No doubt GM will claim it can make a bigger profit in Mexico thus enabling them to pay off that 20 billion quicker.





I just spit my protein shake out


Again, I will never buy another GM product






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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
11669 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

then the bailout is proven to be an even bigger load of horse shite. the entire justification was b/c we needed GM to invest here and create American jobs. without that threat, the bailout was pointless




you mean the people were lied to?

Say it ain't so!

Say it aint so!






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Beer Bryant
Alabama Fan
In a Hidden Bunker
Member since Jan 2012
8792 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


Most companies could do that, then ship their product back to the U.S. But if they did, who could buy their product in the U.S. when they don't have jobs?





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Beerinthepocket
LSU Fan
Dallas
Member since May 2011
597 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


Most companies DO that if they operate globally. There's a million and one things that goes into a capital expenditure decision such as this one.





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Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
14950 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

But if they did, who could buy their product in the U.S. when they don't have jobs?


Talk to Westinghouse. I think they have basically moved most of their manufacturing jobs below the border - and people still buy their products.






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TheJacer
Member since Nov 2012
400 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

Ever consider that this could be because it would be unprofitable to manufacture these in the US due to certain regulations so they are doing it in Mexico to help the bottom line and in turn allow for more cash flow to pay down their debt?


So: GM hires workers, those workers unionize and drive up labor costs. Those UAW support terrible legislation and regulations which put their jobs at risk (all while demanding more pay for less work). GM instead of standing up to the UAW nearly goes bankrupt when super Obama steps in and bails them out at tax payer expense. Now we are supposed to sympathize with their building a new plant in Mexico, cause shucks guys, labor are expensive?

Right?






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Beerinthepocket
LSU Fan
Dallas
Member since May 2011
597 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


There's no sympathizing going on. It's not an emotional decision, it's a decision based on value creation for shareholders.

It seems like some of you may be dealing with a fundamental misunderstanding of how business decisions are made.






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Kingwood Tiger
LSU Fan
Katy, TX
Member since Jul 2005
12682 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

These bastards should have been forced into bankruptcy and all union pensions forced to be renegotiated.

I will NEVER buy a GM car


THIS






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TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2475 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:


These bastards should have been forced into bankruptcy and all union pensions forced to be renegotiated.

I will NEVER buy a GM car




THIS






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TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2475 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

There's no sympathizing going on. It's not an emotional decision, it's a decision based on value creation for shareholders.

It seems like some of you may be dealing with a fundamental misunderstanding of how business decisions are made.


Which is fine if you did not sell out to the U.S. Government.






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Puck82
LSU Fan
Baton Rouge
Member since Mar 2009
12992 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


quote:

These bastards should have been forced into bankruptcy and all union pensions forced to be renegotiated.

I will NEVER buy a GM car


Nor should any proud American.






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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
17917 posts

re: Taxpayer to invest $691 million for GM plants in Mexico


While I agree, hopefully more jobs in Mexico will attract some of our illegals back to Mexico.





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