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re: Trump tweets about GM---why does he do these things to himself?
Posted on 8/30/19 at 12:08 pm to I B Freeman
Posted on 8/30/19 at 12:08 pm to I B Freeman
How much do the Chinese pay you to post here?
0
Posted on 8/30/19 at 12:08 pm to tigerpawl
quote:But they aren't facts.
Sounds like he's stating facts
Posted on 8/30/19 at 12:09 pm to BuckyCheese
quote:
However, you can't help but slam your dick in the door with your opinions on GM and the value of it's business in China.
There is no question that the business in China at the time of GM bankruptcy was worth more than their business in the USA. Yes it is joint venture but is the largest car builder in the largest market in the world and even though they are cheap cars they are profitable.
quote:
Shanghai Automotive Industry Corporation , also known as SAIC and SAIC-GM , is a Chinese state-owned automotive manufacturing company headquartered in Shanghai operating in joint venture with US owned General Motors. The company had the largest production volume of any Chinese automaker in 2017, making more than 6.9 million vehicles.[17]
Note the chart reflects GM's portion of car from the joint venture.
This post was edited on 8/30/19 at 12:10 pm
Posted on 8/30/19 at 12:23 pm to I B Freeman
quote:
There is no question that the business in China at the time of GM bankruptcy was worth more than their business in the USA.
Seeing as it didn't have all the legacy costs of North American operations, GM China would have been more valuable if they only sold 50k cars.
2007 was when they hit 1 million vehicles in China. Far smaller than North America. And, as noted above, at a miniscule ATP while also only owning 49% of the business.
Posted on 8/30/19 at 12:28 pm to BurningHeart
quote:
So you'd prefer for Trump go into an explanation that GM could have expanded their plants in the US to service the Chinese market, but they didn't do so in order to avoid Chinese tariffs and because of the cheap Chinese labor...
Would that make you happy?
I don't get the indignation with any company setting up operations in an area local to another market. It's efficient. It's business 101. What's the problem, and what's nefarious about it?
Did they make factories in China to ship cars to the US? That would be dumb.
Posted on 8/30/19 at 12:37 pm to I B Freeman
quote:
I voted for the man and will again if he ends this trade war quickly but I do hate to see some of idiocy expressed in his tweets. Why he stoops to even mention some of his critics is beyond me.
I get a little tired of his tweets too but overall he’s dead nuts on with his observations. I also agree that sometimes not engaging is every bit as effective as responding with needless rhetoric.
Posted on 8/30/19 at 12:40 pm to SoulGlo
quote:
Did they make factories in China to ship cars to the US? That would be dumb.
The question was about building plants in China to service the Chinese market, versus US exports.
The reason is largely because of tariffs and cheap Chinese labor.
Posted on 8/30/19 at 12:44 pm to I B Freeman
I stand corrected. GM is a total of 17% of the US market share.
Of which they make a higher percentage of the vehicles outside the US than Honda or Ford.
This post was edited on 8/30/19 at 12:48 pm
Posted on 8/30/19 at 12:45 pm to moneyg
quote:
Man, you are interested in the China market.
What's your connection?
money
Posted on 8/30/19 at 12:46 pm to cokebottleag
You understand that graph does not make your point right??? You see no mention of number of cars produced in that graph do you??
Posted on 8/30/19 at 12:48 pm to BurningHeart
quote:
The reason is largely because of tariffs and cheap Chinese labor.
and freight. Same reason all the majors from Europe and Japan and Korea have plants in the USA.
If you wanted to compete in a major market for autos with domestic producers in that market where would you build your plant???
Posted on 8/30/19 at 1:10 pm to I B Freeman
quote:Ummm, why in the blue frick couldn't GM build those plants in the US where Americans built those cars and then export them to China??
GM is still the largest US manufacturer of automobiles in the US and in Southern Michigan.
GM didn't move plants to China. They built plants in China years ago to service their sales in China.
China is the largest car market in the world today. Car sales in China are expected to be around 24 million this year compared to 17 million in the USA. Is the President suggesting GM should not try to service the Chinese market??? GM happens to be one of the largest foreign manufacturers in China.
We should not have bailed GM out. Their Chinese business at the time if the US had not bailed them out would have been by far their most valuable asset if the company had been forced to liquidate.
Why did he even make this "factually incorrect" tweet???
Oh, that's right, because it was more costly to pay Americans than Chinese, and was more costly to export to China.
I wonder why that is? And I wonder who benefited more from this, the US or China?
You're a freaking clown, as usual.
Posted on 8/30/19 at 1:10 pm to I B Freeman
quote:
and freight. Same reason all the majors from Europe and Japan and Korea have plants in the USA.
If you wanted to compete in a major market for autos with domestic producers in that market where would you build your plant???
Of course freight is a factor in any decision.
But you don't see most Chinese manufacturers building plants in the US to save on freight.
Posted on 8/30/19 at 1:17 pm to I B Freeman
quote:
why does he do these things to himself?
He does it to piss you off. It always works.
Posted on 8/30/19 at 1:18 pm to I B Freeman
quote:
How GM's Bailout Became China's Bonanza
U.S. and Canadian taxpayers, meet Buick's new made-in-China import.
By Edward Niedermeyer
November 13, 2015, 7:30 AM EST
During the 2012 election, President Barack Obama held up his bailout of General Motors as a model in the fight against China's growing manufacturing dominance, telling voters that the auto rescue would reverse the industry's multi-decade trend of outsourcing. A single election cycle later, the question of government support for automakers has all but disappeared from the political discourse, yet Detroit is back to sending jobs out of the industrial Midwest. And now GM is leading the way on Chinese outsourcing, announcing it will become the first U.S. firm to import a vehicle made in China to the U.S. It's about time taxpayers ask what their $50 billion rescue really bought them.
Starting next year, GM will import between 30,000 and 40,000 Buick Envision crossovers annually from a plant in Shandong Province. That won't make the Envision one of GM's best-selling models, but it will greatly outsell the only other Chinese-import car on the market, the Volvo S60L. More importantly, GM's pioneering Chinese import will likely help break down the consumer stigma attached to Chinese cars, leading the way for other automakers to follow suit. If a bailed-out company can get away with selling Chinese cars in the U.S., there's no doubt that the rest will try too.
LINK
Posted on 8/30/19 at 1:23 pm to SoulGlo
quote:This is why Trump is trying to fix the trade deal with China.
I don't get the indignation with any company setting up operations in an area local to another market. It's efficient. It's business 101. What's the problem, and what's nefarious about it?
If there were a zero-zero tariff agreement, the cost to export from US to China would be negligible, and likely US would allow tax reprieves of some kind to incentivize it being done this way.
Corporate taxes were reduced significantly already and a boat load of regulations removed.
It would benefit the country way more to have all those cars made in the US. This is what Trump is trying to ultimately do. This is how you build up the working class, create jobs, increase tax revenues, and increase GDP.
Zero-zero tariffs is the goal. He's said this many times.
Posted on 8/30/19 at 1:25 pm to I B Freeman
quote:
why does he do these things to himself?
we keep asking the same thing about you on this board
Posted on 8/30/19 at 1:26 pm to SoulGlo
quote:Yes.
Did they make factories in China to ship cars to the US?
quote:Indeed.
That would be dumb.
Posted on 8/30/19 at 1:28 pm to BeefDawg
quote:
Zero-zero tariffs is the goal. He's said this many times.
And yet you have clowns like IBChinaman screaming Trump is going to tariff us into oblivion.
Some people can't see past the end of their nose.
Posted on 8/30/19 at 1:29 pm to BurningHeart
quote:
But you don't see most Chinese manufacturers building plants in the US to save on freight.
No you do not. They are buying into US plants in a rather big way. Or at least they were until the trade war.
Labor is not a huge factor in many of the goods imported from China into the US. China's labor is not as cheap as many other countries these days.
China owns Syngenta, Smithfield Foods, Motorola Mobility, AMC theaters, and Terex construction equipment are among companies China owns.
Ironically Chinese investment in the US has plummeted since the trade war started. I guess we only want certain people to create jobs in the US???
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