GM announces EV development deal with Chinese partner

Gasgoo/Automotive News ^ | January 9, 2012 | MSN Autos

[jazusamo]

I agree.

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

[WilliamofCarmichael]

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).

[libstripper]

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.

[XenaLee]

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.