GM to build $1.3 billion Cadillac plant in China

[red states rule]

Taxpayer money bailed out this company and this is our payback

and we the taxpayers are still owed over $20 billion






General Motors (http://www.autoblog.com/tag/general+motors/) has gotten approval to build a $1.3 billion manufacturing facility for its Cadillac (http://www.autoblog.com/cadillac/) brand in China. China's National Development and Reform Commission signed off on plans for GM to build the plant in the country's Shanghai's Jinqiao zone; construction is expected to begin in June of this year. According to a Bloomberg report, the plant will have an annual production capacity of 150,000 units.

No surprise here, but Cadillac would like to sell a lot more cars in the plush Chinese luxury market. The brand moved only 30,010 cars in China last year, compared with 400k for Audi, and about 330k for BMW. With Cadillac already telling us that it would be moving production of its XTS sedan to China (http://www.autoblog.com/2012/04/23/cadillac-expanding-xts-production-to-china/) – a production decision that saves having to pay 25-percent import tariffs – approval of the factory is a critical win for the company.

In fact, according to earlier comments by GM China president Bob Socia (http://www.autoblog.com/2013/04/20/gm-china-president-says-automaker-could-export-vehicles-from-chi/), it's at least conceivable that Chinese-built Cadillacs could be shipped back to the US for sale. The brave new world of globalization, getting stranger by the minute.


http://www.autoblog.com/2013/05/08/gm-build-cadillac-plant-china/

[Robert A Whit]

The last new Caddy I purchased was for a few reasons. I wanted to buy American made.

I rejected any car not made in this country.

If they make cars in China, and import them to this country, I would buy a MBZ or perhaps a BMW.

I can't blame Caddy for trying to tap the market in China though.

Today, a lot of the auto is put together by robots anyway.

[fj1200]

GM should make business decisions, not political decisions.

[aboutime]

Taxpayer money bailed out this company and this is our payback

and we the taxpayers are still owed over $20 billion


Why not build Caddy's in China? The costs of labor are much, much less...and the UAW hasn't invaded China yet.

GM is out to make money. That's what corporations do to make a profit.

Meanwhile. We enjoy more expensive, union made cars we can't afford because of Massive Unemployment.

Thanks to Washington D.C. and all of the PROFITEERING, UNION, POLITICIANS who really don't care WHERE THE MONEY COMES FROM.

[red states rule]

Obama has said he would focus like a laser on jobs - he simply left out those jobs would be in China

What a deal for China. They loan Obama money to finance his insane spending. We pay China hundreds of billions of dollars in interest. Then we use that borrowed money to create jobs in the Chinese economy while increasing the number of people here on welfare and unemployment