Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GM announces EV development deal with Chinese partner
Gasgoo/Automotive News ^ | January 9, 2012 | MSN Autos

Posted on 01/08/2012 11:57:46 AM PST by jazusamo

MSN Autos - General Motors announced in Shanghai today that it will jointly develop an electric vehicle with longtime Chinese partner SAIC -- a move that some U.S. lawmakers have likened to a shakedown.

China has built its manufacturing infrastructure around low-cost production and continues to lag behind other developed countries when it comes to developing and implementing cutting-edge automotive technology. For the past 25 years, the Chinese government has required foreign automakers to partner with Chinese companies, which are required to own a stake of at least 50 percent. China also imposes heavy tariffs on imported cars, which some argue violates world trade rules, and offers substantial subsidies of about $19,000 per electric vehicle only for cars built in China.

GM Vice Chairman Steve Girsky seemed to hint to journalists that the Chevy Volt could be built in China in the future, saying that if GM localizes production in China, "eventually [the Volt] won't have a tariff and it will get the subsidy." But he said no decision had been made on that front and denied that SAIC or the Chinese government had demanded the proprietary Volt technology. GM has stated it will not hand over the intellectual property that underpins the Volt, though a future electric car developed with government-owned SAIC will undoubtedly be based on that technology to a certain degree.

The deal was signed during a GM board meeting in Shanghai, the first to take place outside the U.S.

China overtook the U.S. as the world's largest car market in 2009. On Monday, SAIC, which began production in late 1998, saw its 5 millionth vehicle roll off the assembly line.


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: chevyvolt; china; electricvehicles; gm; governmentmotors; obama; saic; volt
There has been talk of this for some time, looks like GM and SAIC signed on the dotted line.

As is pointed out in article, the Chinese will be the benefactor of the taxpayer funded Volt technology from Government Motors.

1 posted on 01/08/2012 11:57:59 AM PST by jazusamo
[ Post Reply | Private Reply | View Replies]

To: jazusamo

Wonder how crash-prone these cars will be . . . like their high-speed trains?


2 posted on 01/08/2012 12:01:07 PM PST by Olog-hai
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

NO Unions in China.. well duuugh..
U.S. Unionized Auto workers are Soooo dumb..


3 posted on 01/08/2012 12:01:20 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
MSN Autos - General Motors announced in Shanghai today that it will jointly develop an electric vehicle with longtime Chinese partner SAIC -- a move that some U.S. lawmakers have likened to a shakedown.

Since this is the same GM that screwed their bond holders for the unions and accepted government bailouts it can be likened to taxpayers funding business in China.

Another piece of the Constitution shredded via 0bama.

4 posted on 01/08/2012 12:02:53 PM PST by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
In assume the Chinese will soon start marketing a new style of barbecue. And call it the volt. But then, Maybe the will start selling a do it yourself cremation kit.
5 posted on 01/08/2012 12:04:23 PM PST by org.whodat (What is the difference in Newt's, Perry's and Willard's positions on Amnesty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

the Chinese will be the benefactor of the taxpayer funded Volt technology from Government Motors

That will bring the Chinese to their knees


6 posted on 01/08/2012 12:07:17 PM PST by molson209
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
And we just didn't let them go bankrupt, why??

The people said "Let them go bankrupT". Obama the dictator said different. Congress needs a whoopin' too.

7 posted on 01/08/2012 12:08:50 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: EGPWS

Well said. This GM/UAW fiasco has been a huge ripoff for the American taxpayer and now GM will split the profits to come with China.


8 posted on 01/08/2012 12:09:40 PM PST by jazusamo (If you don't like growing older, don't worry. You may not be growing older much longer: T. Sowell)
[ Post Reply | Private Reply | To 4 | View Replies]

To: jazusamo

The American-made, Obam-supported Chevrolet Volt electric vehicle already had to be recalled due to catching on fire, so GMC is going to China for an EV? Hahahahahaha! It’d be funnier if I wasn’t paying for it!!


9 posted on 01/08/2012 12:10:12 PM PST by 2ndDivisionVet (You can't invade the US. There'd be a rifle behind every blade of grass.~Admiral Yamamoto)
[ Post Reply | Private Reply | To 1 | View Replies]

Please bump the Freepathon or click above and donate or become a monthly donor!

10 posted on 01/08/2012 12:10:44 PM PST by jazusamo (If you don't like growing older, don't worry. You may not be growing older much longer: T. Sowell)
[ Post Reply | Private Reply | To 8 | View Replies]

To: jazusamo

“China also imposes heavy tariffs on imported cars, which some argue violates world trade rules, and offers substantial subsidies of about $19,000 per electric vehicle only for cars built in China. “

OMG, the Chinese are sabotaging their own economic growth! Don’t they know free trade would benefit them and that protectionism destroys their industry?

/s


11 posted on 01/08/2012 12:11:02 PM PST by LastNorwegian
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
As is pointed out in article, the Chinese will be the benefactor of the taxpayer funded Volt technology from Government Motors.

I suppose that's one way to destroy the Chinese economy...

12 posted on 01/08/2012 12:12:31 PM PST by null and void (Day 1083 of America's ObamaVacation from reality [Heroes aren't made, Frank, they're cornered...])
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

China is amazing. Very soon they will be producing more of everything than anyone else in the world. And when that happens, soon after, they will be buying more of everything than anyone else in the world.


13 posted on 01/08/2012 12:17:30 PM PST by mamelukesabre
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
China has built its manufacturing infrastructure around low-cost production and continues to lag behind other developed countries when it comes to developing and implementing cutting-edge automotive technology.

What other kind of technology is there in Red China other than stolen? When the Nytimese publish an article agreeing that one of their favorite countries has problems you know it's true!

The Real Problem With China "For the United States, the No. 1 problem with China’s economy is probably intellectual property theft. Technology companies, for example, continue to notice Chinese government agencies downloading software updates for programs they have never bought, at least not legally . . . China’s leaders have reason to be nervous about all the barriers they have built. China’s elite, in government and business, are deeply concerned that their companies remain unable to create truly innovative products."

China calls us a paper tiger. Red China is carbon paper -- and they had to steal the carbon paper!

.. and when Red China kicks GM out with NOTHING! don't go begging Congress for another TARP, GM -- or we'll go asking Congress to go after you for treason!

14 posted on 01/08/2012 12:25:52 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: WilliamofCarmichael
What other kind of technology is there in Red China other than stolen?

Well said, there isn't any.

15 posted on 01/08/2012 12:30:56 PM PST by jazusamo (If you don't like growing older, don't worry. You may not be growing older much longer: T. Sowell)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Olog-hai
Something like this, maybe?


16 posted on 01/08/2012 12:32:08 PM PST by bigbob
[ Post Reply | Private Reply | To 2 | View Replies]

To: jazusamo

“As is pointed out in article, the Chinese will be the benefactor of the taxpayer funded Volt technology from Government Motors.”

In the intelligence world, they have a term for useless technology meant to lead an enemy down a blind alley: “disinformation”.


17 posted on 01/08/2012 12:33:16 PM PST by BobL ("Heartless" and "Inhumane" FReepers for Cain - we've HAD ENOUGH)
[ Post Reply | Private Reply | To 1 | View Replies]

To: molson209

Never fear. The Volt is just a Trojan Horse to burn down the Chinese infrastructure. ;-)


18 posted on 01/08/2012 12:38:43 PM PST by Average Al (Forbidden fruit leads to many jams.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: jazusamo

There already is a trade war between China and the US - only one side has been fighting it however...


19 posted on 01/08/2012 12:55:41 PM PST by Last Dakotan
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Does anybody own GM stock anymore?

GM will be gone in 5 years...sooner if Obama is re-elected.


20 posted on 01/08/2012 2:02:12 PM PST by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hattend

I agree.

GM stock is under $23.00 now and the IPO was $33.00 in November 2010.


21 posted on 01/08/2012 2:16:24 PM PST by jazusamo (If you don't like growing older, don't worry. You may not be growing older much longer: T. Sowell)
[ Post Reply | Private Reply | To 20 | View Replies]

To: All
For the past twenty-five years Deng's version of Lenin's New Economic Policy (NEP) has been Socialism with Chinese Characteristics.. like the original NEP it lured the useful idiots to China, it's taking everything of value - and it will kick 'em all out when the Chinese can do innovations on their own -- about another two generations.

.. and this time don't screw up like the Bolsheviks did! Keep it going and above all, keep all the wealth in the Party!

Aren't all the billionaires members of the Party or princelings?

For the past 25 years, the Chinese government has required foreign automakers to partner with Chinese [government owned] companies, which are required to own a stake of at least 50 percent. . . .

China's SAIC is a state owned enterprise (SOE).

22 posted on 01/08/2012 2:20:33 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: org.whodat

A while ago I bought a Chinese made battery powered sprayer. It totally failed twice, each time almost just out of the box. Bad seals caused the failures. If they can’t make something as simple as a garden sprayer with good seals, their coal powered (aka “electric”) cars should really be crap.


23 posted on 01/08/2012 5:34:39 PM PST by libstripper
[ Post Reply | Private Reply | To 5 | View Replies]

To: libstripper

Maybe the ChiComs are just deliberately exporting all of their defective crap to the US. A scathingly brilliant plan...since they know we can’t afford to cut them off as our main supplier of goods.


24 posted on 01/09/2012 11:20:42 AM PST by XenaLee (The only good commie is a dead commie.)
[ Post Reply | Private Reply | To 23 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson