After Taxpayer Bailout, GM Expands Production Overseas
So, there you go, you economic nationalists ...
If you assumed the $50-billion taxpayer bailout of General Motors means the next GM car you buy is made in the USA, you may be in for a surprise.
GM has established 14 production facilities in China and is selling GM cars to the Chinese after investing $8 billion into that nation and hiring 6,000 workers.
GM officials are planning even more Chinese production facilities beyond that, GM spokesman Greg Martin told Tennessee Watchdog.
In fact, GM executives are so eager to foster goodwill with their new international clients that one official said last month that American consumers might eventually buy GM automobiles manufactured in China.