|SHANGHAI, Jun 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- GM Quote Chart News PowerRating --|
General Motors (NYSE: GM Quote Chart News PowerRating) made a concession to the United Automobile Workers (UAW), and it promised not to import vehicles from China to the US.
According to the earlier plan, subcompacts made by Shanghai General Motors Co., Ltd. (Shanghai GM), one of its joint ventures, would be brought to the US market.
Lately, the US auto giant announced that it would put a locally-made all-new mini vehicle into to the US market before 2013, which has been approved by the UAW.
The mini vehicle will be a B-class product, and it may be Chevrolet Spark or next-generation Chevrolet Aveo's new version, guessed sources. It will be produced in a plant which the US auto giant had planned to close.
The plant, after resuming operation, will reach a yearly production capacity of 160,000 units. But GM did not tell which plant it was and which model would be made.
Sunday, June 7, 2009
UAW gets GM to ban Chinese imported cars.
I was toying with my ban on buying GM and Chrysler cars as long as the UAW and Obama owns it by saying fully made Chinese cars warrant a look. But since UAW is looking for Americans to continue to subsidise them in all aspects of business that won't happen anytime soon.