It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
BEIJING -- General Motors Corp. said Monday its sales in China surged 77.7% in July from a year earlier to 144,593 vehicles, a record for the month in the company's second-largest market.
"This was GM China's best July ever, extending an uninterrupted series of single-month sales records that started in January 2009," GM said in a statement.
China, which overtook the U.S. in January as the world's largest auto market by sales volume, is playing a key role in GM's recovery after it emerged from bankruptcy protection last month.
The company's sales in China during the January-July period rose 42.8% from a year earlier to 959,035 units. GM didn't provide year-earlier figures. It sold 143,294 vehicles in China in June.
DETROIT — About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.
GM has about 54,000 factory workers and wants to end the year with 40,500, a cut of about 13,500. Monday's report means that about 7,500 too few workers took the offers, setting the stage for more layoffs.
The automaker announced in June and July that it would close 15 U.S. factories employing about 22,000 workers by end of 2012.
Aug. 3 (Bloomberg) -- General Motors Co.’s 13-member board, overhauled with 7 new directors after bankruptcy, will review bids for the Opel brand as part of its first meeting beginning today, people familiar with the planning said.
The two-day gathering in Detroit includes a discussion of asset sales, committee assignments and company goals, said the people, who asked not to be identified because the talks are private. Directors also will receive a product overview at GM’s technical center and test-drive vehicles, the people said.
The GM EV1 was an electric car produced and leased by the General Motors Corporation from 1996 to 1999. It was the first mass-produced electric vehicle of the modern era from a major automaker. It was the first GM car designed to be an electric vehicle from the outset. Born as the GM Impact concept car of 1990, a production version came about as a result of a California Air Resources Board mandate that made the production and sale of zero-emission vehicles a requirement for the U.S.'s seven major automakers to sell cars in that state.
The EV1 was initially available in the U.S. cities of Los Angeles, California and Phoenix and Tucson, in Arizona, under a limited lease-only agreement. EV1 lessees were officially participants in a "real-world engineering evaluation" undertaken by GM's Advanced Technology Vehicles group, as well as a market analysis and study into the feasibility of producing and marketing a commuter electric vehicle in select U.S. markets. The cars were not available for purchase, and could only be serviced at designated Saturn dealerships. Within a year of the car's release, leasing programs were also launched in San Francisco and Sacramento, California, along with a limited program in Georgia.
Originally posted by SLAYER69
reply to post by mikerussellus
At this point I wouldn't insult the "Istan" Countries with that association they are on the threshold of having their economies take off.
Originally posted by SLAYER69
reply to post by ProtoplasmicTraveler
The problem is just like everything else we have done since the end of WWII is that we just give it away and now they are beating us over the head with many of our own innovations economically speaking.
Meanwhile millions stand in the unemployment line waiting for their checks so they can buy even more garbage at WALMART made in China.
"We've lost 2 million jobs since the stimulus bill was passed. And I think what we're seeing in the economy now is the inherent resilience of the American economy and the American people," Pence, the No. 3 Republican in the House, told "FOX News Sunday."
Central to Pence's grievances are the trillions of dollars being spent by the government to drag the economy out of recession. While economists agree spending is required in a recession, Pence said that money would be better spent by the American people, not the federal government.
Aug. 3 (Bloomberg) -- Ford Motor Co.’s July U.S. sales rose 2.3 percent, leading the way as the government’s so-called cash- for-clunkers incentive may have helped the auto industry to its strongest pace this year.
Other major automakers reported declines, including 19 percent for General Motors Co., 25 percent for Nissan Motor Co., 17 percent for Honda Motor Co. and 9.4 percent for Chrysler Group LLC.
Originally posted by jam321
On a side note, do you feel Americans, we the people, are to blame for a lot of China's success?