GM Cares About The US Worker So Much They Spend $500,000,000 In India

GM opens second plant in India

General Motors Corp. opened a second plant in India on Tuesday, boosting its production capacity in the country from 85,000 to 225,000 vehicles a year.

The factory is part of GM's aggressive push into emerging markets, which have helped cushion the beleaguered auto giant from falling sales in the developed world. It also furthers the Indian government's ambition to turn the country into a manufacturing hub for small vehicles.

"We believe India in three to four years will be a significant source of profit for us," said GM Asia Pacific President Nick Reilly.

The first car -- a pint-size red Chevrolet Spark draped with marigolds -- rolled off the production line at 11:25 a.m.

GM invested $300 million in the new plant in Talegaon near Pune, a fast-growing manufacturing hub about two hours outside Mumbai, the nation's financial capital. The factory will start by producing the Spark -- a mini-car introduced in 2007 that is GM's most popular local model -- for the domestic market.

Detroit-based GM is ranked fifth by sales in India and hopes to boost its share of the booming Indian auto market from 4 percent to 10 percent in the next few years. The company manufactures six Chevrolet brands at its factory in Halol, Gujarat -- the Captiva, the Optra, the Aveo, the SR-V, the Aveo U-VA, and the Tavera -- and plans to introduce another small car near the end of 2009.

GM said Tuesday the new Talegaon factory could also be used for export as early as 2010.

Last week, the automaker pledged to invest another $200 million in a powertrain facility adjacent to the Talegaon plant, which will eventually produce 300,000 diesel and gas engines a year for both domestic and export markets.

GM's investment in India, which now tops $1 billion, pales in comparison with China, where the company produces more than 1 million vehicles a year. GM has poured $5 billion into its China operations and plans to invest $1 billion a year going forward, company officials said.

Source

_______________________________________

There you go, GM to invest over 2 billion dollars into two foreign economies, not in the US, not for the people whom built the company with their blood, sweat and tears for 100 years...but for India and China.

India and China known bastions of Democratic and Union principles.

"...for export"? Where? Here?

Are our new GM vehicles going to have parts from India and China?

If my experience with foreign help desks is anything to go off of, I should expect "long wait times" when I need my power train repaired.

Yay Rick Wagnoner...hip hip hooray....hip hip hooray.

Rick Wagoner.....a TRUE American businessman.



Welcome to Detroit