GM announces major investment in auto plant (in Mexico)
08-06-2010, 09:55 PM
#11
Founding Member
Join Date: 11-23-2007
Location: Texas
Posts: 8,210
Powertrain plant at Tonawanda, an engine plant in St. Catharines, Ontario; and also Defiance Ohio; Bedford, Ind.; and Bay City, Mich.
Those people won't be buying a new car anytime soon.
08-06-2010, 10:40 PM
#13
Platinum Member
Thread Starter
Join Date: 01-09-2007
Location: SE USA
Posts: 15,970
Just doesn't seem right on "bail -out bucks'
I never complained about my Canadian made Chevy S-10 trucks I had..(lil different)..imo
08-07-2010, 04:44 PM
#16
New Member
Join Date: 04-19-2010
Location: Saline, Michigan
Posts: 20
more money overseas
Great, more money to factories NOT in our country. I just don't understand why they just can't use their existing factories here in the states? They just keep shutting them down here...why is it you can buy a Toyota made in the US with 70+% american made parts but your chevy is built in mexico with 70% foreign parts?????......I just don't get it...
08-07-2010, 06:46 PM
#17
Senior Member
Join Date: 07-05-2008
Location: Akron Ohio
Posts: 5,464
To really understand this you need to really take in all the facts involved not just the ones you hear or want to hear.
GM is not going to abandon a fairly new modern plant in this area as they can and will build cars for North America, Centeral America and possibly South America.
Many of the plants in the US are either redundent to some we already have here or are so old they are impractical. Remember GM lost a lot of market share and no longer needs all the production plants we have.
Global platforms will dominate from here on. The Regal right now is built in Germany but will move to Canada soon. THe Aveo is coming from Korea to Michigan. More similar moves are planned.
I would not be suprised if the Cruze will start up in Mex as well as may be additional Malibu production. Many of the cars built in that plant are also sold in Mex.
Also many of the parts used in that plant come from the states. Just look where your Tranny, Engine and other related parts were made. Even the Horn is Italian owne Fiamma but built in the States.
We can all blame GM, The Gov and the UAW for a lot of the issues involved here. Increase in taxes and other related Gov debts will hurt companies expanding here.
The UAW is not letting GM cut the many extra workers they need to cut. They can after only other things happen but GM has not been able to do this. Companies like Toyota have new plants with 1/3 the workers and benifits to pay. They can build cars here cheaper because they have whole different guide line to deal with. Many of their plants are still non union too.
Either way the plant in Mex is not going to make or break our economy as there are many more things that need to be done to fix our economy and they are just not happening. Next year is going to be tough if we do not see some spending cuts. I just hope GM has a good IPO to help them into the next year.
GM is not going to abandon a fairly new modern plant in this area as they can and will build cars for North America, Centeral America and possibly South America.
Many of the plants in the US are either redundent to some we already have here or are so old they are impractical. Remember GM lost a lot of market share and no longer needs all the production plants we have.
Global platforms will dominate from here on. The Regal right now is built in Germany but will move to Canada soon. THe Aveo is coming from Korea to Michigan. More similar moves are planned.
I would not be suprised if the Cruze will start up in Mex as well as may be additional Malibu production. Many of the cars built in that plant are also sold in Mex.
Also many of the parts used in that plant come from the states. Just look where your Tranny, Engine and other related parts were made. Even the Horn is Italian owne Fiamma but built in the States.
We can all blame GM, The Gov and the UAW for a lot of the issues involved here. Increase in taxes and other related Gov debts will hurt companies expanding here.
The UAW is not letting GM cut the many extra workers they need to cut. They can after only other things happen but GM has not been able to do this. Companies like Toyota have new plants with 1/3 the workers and benifits to pay. They can build cars here cheaper because they have whole different guide line to deal with. Many of their plants are still non union too.
Either way the plant in Mex is not going to make or break our economy as there are many more things that need to be done to fix our economy and they are just not happening. Next year is going to be tough if we do not see some spending cuts. I just hope GM has a good IPO to help them into the next year.
08-09-2010, 11:14 AM
#18
08-09-2010, 11:15 AM
#19
Great, more money to factories NOT in our country. I just don't understand why they just can't use their existing factories here in the states? They just keep shutting them down here...why is it you can buy a Toyota made in the US with 70+% american made parts but your chevy is built in mexico with 70% foreign parts?????......I just don't get it...
08-09-2010, 11:52 PM
#20
New Member
Join Date: 02-02-2010
Location: Fargo, ND
Posts: 22
don't forget GM already paid back their "bail-out" in full. Whatever money they're using to make current headlines is theirs to use.
I'm not saying I think right now is a great time for GM to spend a pile of money in Mexico, and I think it would be great if they retooled a plant in the US instead of any other country... Just saying the bail-out money has been paid back.
I'm not saying I think right now is a great time for GM to spend a pile of money in Mexico, and I think it would be great if they retooled a plant in the US instead of any other country... Just saying the bail-out money has been paid back.