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GM China Sales Fall as CEO Cites 'Cultural Revolution'
National Legal & Policy Center ^ | June 7, 2011 | Mark Modica

Posted on 06/07/2011 9:12:59 AM PDT by jazusamo

Akerson photo

"Baseball, hot dogs, apple pie, Mao Zedong and Chevrolet." That could be GM's new slogan if recent comments by CEO Dan Akerson are taken to heart. Akerson shared a somewhat bizarre vision for GM in an interview with the Detroit News when he stated, "Whoever comes after me; it's going to be a more important appointment than mine because he or she will have to carry on a cultural revolution here. It's just like the Communist Party in China in the 1960s, there has to be a cultural revolution here." These comments come just weeks after the Washington Times reported GM's sponsorship of a Chinese Communist Party propaganda film.

There seems to be a strange dichotomy at GM as marketing hints at patriotic roots for the company while corporate vision exposes a viewpoint that the philosophies of Communist China are worthy of praise. Akerson also has described China in the past as GM's "crown jewel." I understand that China is an important market, but I don't think that American taxpayers want the billions of dollars that they sunk into GM to pay for a vision that sees the company following the lead of the Chinese Communist Party.

So, how are sales at GM's crown jewel? May year over year sales at the automaker declined 2.7% following a decline of nearly 5% in April. This is one more sign that GM's vision is somewhat misguided.

Look, I'm no historian, but I don't think that the Communist Party Cultural Revolution offers goals to aspire to. I don't know exactly what Akerson is trying to say but these are not the comments a CEO of a major US publicly traded manufacturing company should be making. A movement that encouraged seizure of private property, socialism and human rights violations should not be celebrated and glorified by Akerson, particularly given that GM exhibited questionable conduct when it subordinated claims from groups like GM bondholders and accident victims as wealth was redistributed to the politically favored UAW in the GM bankruptcy process. When taxpayers spend billions of dollars to bail out a company that was once an American icon, they deserve better.



TOPICS: Business/Economy
KEYWORDS: akerson; automakers; autosales; ceo; china; generalmotors; globalism; gm; governmentmotors; madeinchina; manufacturing; nlpc; redchina
From linked Washington Times article:

"Along with concern over China's ownership of trillions of dollars of U.S. debt, it is truly troubling that an American company financially supported now by the U.S. taxpayer is happily promoting Communist propaganda that glosses over the atrocities of the Chinese Cultural Revolution. What's next for GM? Selling military vehicles for the Chinese to threaten their own people with?"

1 posted on 06/07/2011 9:13:06 AM PDT by jazusamo
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To: jazusamo

china doesn’t support us, they want our hydes, not our products.


2 posted on 06/07/2011 9:16:19 AM PDT by television is just wrong
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To: television is just wrong

That’s correct. Our taxpayers are supporting GM though and it seems Akerson and Obama don’t give a whit.


3 posted on 06/07/2011 9:20:00 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo
Call me a kook, but I suspect that part of the Chinese money "loaned" to finance ObaMao's America came with strings attached.

Said the Chinese: "You may freely use this money to bail out your failed auto companies and your union supporters. But we want to paid back not only in money but technology transfers. You may also sell a few Chevrolet's in China to help earn it back. But they will be competing with domestically made cars, so we can't guarantee how many or what you can make.

At some point, we may buy your operations to help you earn a big bonus. Or we may just decide to take them over to keep our debt payments on schedule."

4 posted on 06/07/2011 9:39:59 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman

You’ll not hear kook from me nor would I argue against your suspicions.

With Dear Reader almost anything is possible and that sounds like a pretty fair possibility.


5 posted on 06/07/2011 9:46:16 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

WTF is this zerobot talking about?

IF there is a cultural revolution here, it will be by me driving anything except a GM or Crysler product.
There’s 2 ways to have a cultural revolution: one involves getting rid of jerks like this one....


6 posted on 06/07/2011 9:58:05 AM PDT by Adder (Say NO to the O in 2 oh 12)
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To: Adder

Well said. Billions in taxpayer dollars that bailed out two companies and the UAW will be lost and this ‘CEO’ cuddles up to the Marxist in the WH and the commies in China.


7 posted on 06/07/2011 10:11:42 AM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: television is just wrong

“...they want our hydes,...”

Nothing, absolutely nothing, but Jekylls for them!


8 posted on 06/07/2011 10:25:49 AM PDT by BwanaNdege ("Experience is the best teacher, but if you can accept it 2nd hand, the tuition is less." M Rosen)
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To: jazusamo

He’s another American corporate fool.

He thinks GM is in China for reasons that GM wants to be in China.

But GM is in China for one reason - so that GM’s partnership with Geely, and the auto industry production and supply chain they build, create the roots for Geely to take back any % of their joint agreements Geely does not already hold, once Geely and the Chicoms think they don’t need GM in the country anymore.


9 posted on 06/07/2011 10:31:11 AM PDT by Wuli
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To: Adder

Is the Gang of Four back?


10 posted on 06/07/2011 1:02:59 PM PDT by AceMineral (World peace is the hog slop of philosophy.)
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